hii todays law que.. 1. A contract which is to be performed in future is known as: a. unilateral contract b. bilateral contract c. executed contract d. executory contract 2. A contract which is valid initially however ceases to be enforceable by law subsequently: a. becomes voidable b. becomes void ab-initio c. remains valid d. becomes void when it ceases to be enforceable. 3. A contract was entered before 1st September, 1872 is governed by The Indian Contract Act, 1872. a. Yes if the contract was entered in Indian soil. b. Yes if there was performance of the contract on or after 1st September 1872. c. No as the act does not apply retrospectively. d. No as there was no performance on or after 1st September 1872. 4. A contract where only one party has to perform his promise is called: a. Executed Contract b. Executory Contract c. Partly executed and partly executory contract d. unilateral Contract. 5. A contract in which both the parties have to perform the promises is called: a. Executed Contract b. Bilateral Contract c. Tacit Contract d. Voidable Contract 6. A contract where both the parties have still to perform their respective promises is called: a. Executed Contract b. Executory Contract c. Partly executed and partly executory contract d. Unilateral Contract. 7. The statement that every contract is an agreement but every agreement is not necessarily a contract is a. True b. False c. Partly true d. True-subject to certain conditions 8. ____________is good in substance, but suffers from some technical defects like absence in writing barred by limitation etc. a. Valid contract b. Voidable contract c. Unenforceable contract d. Implied contract 9. Acceptance of an invitation for dinner does not create a contract because of a. Legal agreement b. Conduct of the parties c. Social agreement d. None of the above 10. The transactions collateral to an illegal agreement are: a. Not affected in any manner. b. Also treated as illegal and cannot be enforced. c. Voidable at the option of the plaintiff. d. Valid 11. Which one of the following essentials is not correct to form a valid contract? a. should be reduced in writing only b. Competency of the parties c. Lawful consideration and lawful object. d. Free consent of the parties. 12. A contract which has been wholly performed and nothing remains to be done in terms of the contract is called ............... a. Executory contract. b. Executed contract. c. Bilateral contract. d. Unilateral contract. 13. Which of the following statements are true ? 1) All illegal agreements are void but all void agreements are not necessarily illegal. 2) Past consideration is no consideration. 3) Consent obtained by fraud makes the agreement void. 4) Social agreements are not enforceable in the courts. a. 1 & 2 b. 2 & 4 c. 1 & 3 d. 1 & 4 14. Right to rescind a voidable contract: a. May be exercised at any time. b. Must be exercised within a reasonable time. c. Cannot be exercised at all. d. All the above 15. The Indian Contract Act, 1872 was passed by : a. Indian Parliament b. British Parliament c. U.S.Congress d. None of the above 16. As wife was admitted in a hospital for treatment of a disease. She was declared dead by the doctors. A promises to pay Rs.5 Iacs to Z, who ensures to make her alive. The contract in this case is a. Impossible to perform b. Illegal c. Voidable d. Valid 17. R borrows Rs.20,000 from S and enters into a contract with an alien to import prohibited goods. S knows the purpose of loan. The transaction between R and S is collateral to the main agreement. The agreement is a. Illegal b. Valid c. Unenforceable d. Voidable. 18. Ram asks to Shyam a car repairer, to repair his car without forming any contractual relationship, still a legal relationship has arisen and it will create__________ a. Express contract. b. lmplied contract. c. Tacit contact, d. Formal contract. 19. A promise is___________ a. Proposal b. An accepted Proposal c. Consideration d. Contract 20. X invites Y for dinner. Y accepts the invitation. State the reason on account of which there is no contract in this case a. There is no consideration b. There is no written document c. There is no formal acceptance of the offer d. There is no intention to create legal relationship
Posted on: Tue, 04 Mar 2014 04:34:52 +0000
Trending Topics
Recently Viewed Topics
© 2015