- Which law governs contracts in India?
a) Indian Penal Code
b) Indian Contract Act, 1872
c) Transfer of Property Act
d) Civil Procedure Code - A contract becomes void when it ceases to be enforceable by law under which section?
a) Section 10
b) Section 2(j)
c) Section 4
d) Section 9 - An agreement not enforceable by law is termed as what?
a) Contract
b) Void contract
c) Void agreement
d) Valid contract - Which of the following is an essential element of a valid contract?
a) Illegal object
b) Free consent
c) Coercion
d) Fraud - Which section of the Indian Contract Act defines a contract?
a) Section 10
b) Section 2(a)
c) Section 2(h)
d) Section 12 - A contract that is formed without consideration is generally considered as what?
a) Valid
b) Void
c) Illegal
d) Enforceable - Which of the following is not an offer under contract law?
a) A proposal
b) An invitation to offer
c) A promise
d) An agreement - An offer is said to be accepted when the acceptance is communicated under which section?
a) Section 5
b) Section 4
c) Section 2(e)
d) Section 7 - Which of the following is not a discharge of a contract?
a) Novation
b) Intention to contract
c) Lapse of time
d) Performance - A minor’s agreement is considered as what?
a) Void ab initio
b) Voidable
c) Valid
d) Illegal - Which of the following refers to the ‘capacity to contract’?
a) Competence of parties
b) Offer and acceptance
c) Consideration
d) Object of the contract - In which of the following cases can a contract be declared voidable?
a) Free consent
b) Coercion
c) Capacity to contract
d) Lawful consideration - Which of the following sections deals with the performance of reciprocal promises?
a) Section 31
b) Section 51-54
c) Section 61
d) Section 62 - A contract in restraint of trade is generally considered as what?
a) Void
b) Valid
c) Voidable
d) Illegal - What is ‘misrepresentation’ in contract law?
a) False statement made without intent to deceive
b) Fraudulent act
c) Coercion
d) Free consent - Which of the following is not a type of offer?
a) General offer
b) Non-competitive offer
c) Cross offer
d) Specific offer - Consideration must move at the desire of whom?
a) The promisee
b) The promisor
c) The third party
d) The government - Which section of the Indian Contract Act defines coercion?
a) Section 10
b) Section 14
c) Section 15
d) Section 16 - Which of the following is not a lawful consideration under contract law?
a) Legal service
b) Promise to pay money
c) Performance of an illegal act
d) Delivery of goods - The principle of ‘quantum meruit’ means what?
a) Discharge of a contract
b) As much as is earned
c) As much as is paid
d) Compensation for damages - Which of the following is necessary for a valid acceptance?
a) Conditional acceptance
b) Absolute and unqualified
c) Acceptance with modifications
d) Vague acceptance - Which section of the Indian Contract Act deals with the ‘Agreement in Restraint of Marriage’?
a) Section 26
b) Section 27
c) Section 28
d) Section 29 - Which section deals with the effect of a mistake on a contract?
a) Section 20-22
b) Section 19
c) Section 10
d) Section 24 - Which of the following is true regarding a contingent contract?
a) Depends on an uncertain future event
b) Depends on a certain event
c) Enforceable at the time of agreement
d) Illegal - Which of the following contracts is considered ‘voidable’?
a) Contracts with a minor
b) Contracts induced by fraud
c) Contracts with illegal consideration
d) Contracts lacking consideration - The legal rule ‘ex turpi causa non oritur actio’ means what?
a) No action arises from a wrongful cause
b) No contract without consideration
c) No one is above the law
d) Contracts are sacred - Which of the following is not an essential element of a contract?
a) Lawful object
b) Free consent
c) Written agreement
d) Competence to contract - Which section of the Indian Contract Act deals with ‘void agreements’?
a) Section 12
b) Section 24
c) Section 15
d) Section 2(g) - What is ‘novatio’ in contract law?
a) Substitution of a new contract in place of an old one
b) Agreement without consideration
c) Discharge of contract by performance
d) Mistake in contract - What is the meaning of ‘free consent’ in contract law?
a) Consent under pressure
b) Consent without coercion, fraud, or mistake
c) Conditional consent
d) Consent through misrepresentation
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