Other essential elements of a valid Contract
Online Quiz in Other essential elements of a valid Contract in Mercantile Laws for the preparation of professional exams of ca cpt, ca foundation, cs foundation, cma foundation
Other essential elements of a valid Contract-Test 8
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Subject : Mercantile Laws Questions : 30
Chapter : Other essential elements of a valid Contract-Test 8
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Question 1 of 30
1. Question
1 pointsWhich one of the following conditions must be satisfied for making claim, under “Necessaries supplied to a person incapable of contracting ?”
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Question 2 of 30
2. Question
1 pointsA contract entered into by a minor is
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Question 3 of 30
3. Question
1 pointsConsider the following statements the case of mohori bibee v.dharmodas Ghose
- is the decision of the supreme court of india regarding minor’s contract
- has laid down that in india minor’s contract is void
- has laid down that a minor’s contract becomes valid when he attains majority
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Question 4 of 30
4. Question
1 pointsIf money is paid to influence a person for obtaining a job, then
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Question 5 of 30
5. Question
1 pointsThere is an agreement between two co-windows that if any of them remarriage, she would forfeit her right to her share in the deceased husband’s property. The agreement
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Question 6 of 30
6. Question
1 pointsAn agreement made with free consent to which the consideration is lawful but inadequate, is
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Question 7 of 30
7. Question
1 points‘X’ agree to pay ‘Y’ Rs.5,000/- if ‘Y’ delivers a judgement in his favour in a suit. ‘Y’ does so but ‘X’ refuses to pay any money. In this context which one of the following gives the correct legal position of the agreement ?
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Question 8 of 30
8. Question
1 pointsA property worth Rs.25,000/- was agreed to be sold by ‘X’ for Rs.8,000/- however X’s mother moves for setting aside the agreement on the proof that ‘X’ is a congenital ‘idoit’. In the context which one of the following is correct?
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Question 9 of 30
9. Question
1 points‘X’ takes an insurance policy on his life making a false statement about his health and does not disclose the fact that he has been treated for a serious illness. In this case which one of the following statement is correct?
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Question 10 of 30
10. Question
1 pointsWhich one of the following is a contract ?
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Question 11 of 30
11. Question
1 pointsA minor, pretending that he was a major, mortgages his property to B for rupees two lakhs. Afterwards A applied to the court for cancellation of the mortgage deed on the ground that due to his minority the deed was void. He wanted possession of his property without returning the consideration money to the mortgages. The mortgagee is ready to return the land on receipt of his money. In this case which one on the following statements is MOST appropriate?
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Question 12 of 30
12. Question
1 pointsConsider the following agreements
- An agreement in restraint of trade
- An agreement, the consideration of which is unlawful
- An agreement by way of wager
- An agreement where both the parties are under mistake as to the subject matter.
Which of these agreements are expressly declared to be void?
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Question 13 of 30
13. Question
1 pointsThe contract uberrimae fidei means a contract
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Question 14 of 30
14. Question
1 pointsX supplied to Y a minor, products such as wheat flour, dais and other foodstuffs. He claims their price out of his assets. Y fails to pay the price of these, In this case which one of the following statements is correct?
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Question 15 of 30
15. Question
1 pointsWhen a person, who is in dominating position obtains the consent of the other by exercising his influence on the other, the consent is said to be obtained by
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Question 16 of 30
16. Question
1 pointsThe inadequacy of consideration will be taken into account by a court of law
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Question 17 of 30
17. Question
1 pointsWhich of the following contracts has time as the essence of the contract?
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Question 18 of 30
18. Question
1 pointsWhich one of the following is not an essential feature of a wagering agreement?
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Question 19 of 30
19. Question
1 pointsThe principle of estoppel cannot be applied against a minor since
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Question 20 of 30
20. Question
1 pointsWhich one of the following agreement is valid?
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Question 21 of 30
21. Question
1 pointsWhich one of the following contracts is void ?
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Question 22 of 30
22. Question
1 pointsIllegality renders a contract
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Question 23 of 30
23. Question
1 pointsConsider the following statements Contract can be avoided if the consent is obtained under :
- mistake of law
- mistake of fact
- corercion
- undue influence
Which of the statements given above are correct?
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Question 24 of 30
24. Question
1 points‘A’ threatened to commit suicide wife did not execute a sale deed in favour of his brother. The wife executed the sale deed. This transaction is
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Question 25 of 30
25. Question
1 pointsWhich of the following agreements are invalid and unenforceable in Law ?
- Agreement in restraint of marriage
- Agreement which result in conflict of duty with interest
- Agreements which stifle criminal prosecution
Select the correct answer using the codes given below:
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Question 26 of 30
26. Question
1 pointsAn agreement made to sell a cargo of corn which was not in existence at the time of contract, is
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Question 27 of 30
27. Question
1 pointsAn agreements to share to benefits of a public office
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Question 28 of 30
28. Question
1 pointsAgreement which are in the nature of bets and gambling are called
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Question 29 of 30
29. Question
1 points‘X’ – who is a lunatic, accepts a proposal for the sale of one of his plots of land to ‘Y’ for Rs.5,000/- during one of his sane intervals. Before ‘Y’ could take possession of the land, ‘X’ lapsed into insanity again. Which one of the following depicts the correct legal position ?
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Question 30 of 30
30. Question
1 pointsWith regard to the contractual capacity of a person of unsound mind, which one of the following statements is most appropriate?
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