Online Exam 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-5
Time limit: 0
Quiz-summary
0 of 30 questions completed
Questions:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Information
Subject : Mercantile Laws Questions : 30
Chapter : Other essential elements of a valid Contract-TEST 5
Click on Start quiz button
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
To prove undue influence, the plaintiff has to prove that
Correct
Incorrect
Question 2 of 30
2. Question
1 points
The principle of Estoppel cannot be applied against a minor because
Correct
Incorrect
Question 3 of 30
3. Question
1 points
Competence to contract means
Correct
Incorrect
Question 4 of 30
4. Question
1 points
If the contract is impossible in itself, physically or legally the agreement is
Correct
Incorrect
Question 5 of 30
5. Question
1 points
An agreement by way of wager is
Correct
Incorrect
Question 6 of 30
6. Question
1 points
A party receiving benefits under a void contract is liable to restore the benefits to the party from whom the benefits are received
Correct
Incorrect
Question 7 of 30
7. Question
1 points
When a minor enters into an agreement by false representation of his age, a minor cannot plead minority
Correct
Incorrect
Question 8 of 30
8. Question
1 points
Capacity to contract has been defined in
Correct
Incorrect
Question 9 of 30
9. Question
1 points
The parties to a contract should be ______ to contract
Correct
Incorrect
Question 10 of 30
10. Question
1 points
To invoke undue influence, the aggrieved party has to prove that the
Correct
Incorrect
Question 11 of 30
11. Question
1 points
An old illiterate man was made to sign a bill of exchange, by means of a false representation that it was a guarantee. The contract is
Correct
Incorrect
Question 12 of 30
12. Question
1 points
A minor, by misrepresenting his age, borrows some money. He
Correct
Incorrect
Question 13 of 30
13. Question
1 points
To avoid a contract under the claim of “Coercion”, the Indian Penal Code should be in force where the coercion is employed.
Correct
Incorrect
Question 14 of 30
14. Question
1 points
A contract can be avoided on grounds of unilateral mistake if such mistake relates to the nature of the contract, and not to the terms of the contract.
Correct
Incorrect
Question 15 of 30
15. Question
1 points
Every Contingent Contract is necessarily a Wagering Agreement.
Correct
Incorrect
Question 16 of 30
16. Question
1 points
Which of the following agreements are void ?
Correct
Incorrect
Question 17 of 30
17. Question
1 points
A “Wagering Contract” is void under ______ of the Indian Contract Act, 1872.
Correct
Incorrect
Question 18 of 30
18. Question
1 points
Which of the following statement is true ?
Correct
Incorrect
Question 19 of 30
19. Question
1 points
An agreement is void if it is opposed to public policy. Which of the following is not covered by heads of policy ?
Correct
Incorrect
Question 20 of 30
20. Question
1 points
An agreement, which prevents a person from carrying a lawful business, is
Correct
Incorrect
Question 21 of 30
21. Question
1 points
An agreement in restraint of trade is void only if the restraint imposed is
Correct
Incorrect
Question 22 of 30
22. Question
1 points
All agreements in restraint of trade are void and there are no exception to this
Correct
Incorrect
Question 23 of 30
23. Question
1 points
An agreement in restraint of legal proceedings is void. It does not cover an agreement which
Correct
Incorrect
Question 24 of 30
24. Question
1 points
On the valid performance or the contractual obligations by the parties, the contract
Correct
Incorrect
Question 25 of 30
25. Question
1 points
An agreement to pay money or money’s worth on the happening or non-happening of a specified uncertain event, is a
Correct
Incorrect
Question 26 of 30
26. Question
1 points
A void agreement is one which is
Correct
Incorrect
Question 27 of 30
27. Question
1 points
An agreement in restraint of marriage. i.e., which prevents a person from marrying, is
Correct
Incorrect
Question 28 of 30
28. Question
1 points
An agreement which puts a partial restraint on marriage, i.e., which prevents a person from marrying a particular person, is valid.
Correct
Incorrect
Question 29 of 30
29. Question
1 points
An agreement to do an illegal act e.g., to share the earnings of a smuggling business, is
Correct
Incorrect
Question 30 of 30
30. Question
1 points
An illegal agreement is void. However, a collateral transaction to an illegal agreement e.g. money borrowed to carry on an illegal business, is