Nature And Kinds Of Contracts

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Nature And Kinds Of Contracts

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Questions and Answers
  • 1. 
    The law relating to contracts is contained in
    • A. 

      The Contract Act, 1782

    • B. 

      The Contract Act, 1872

    • C. 

      The Indian Contract Act, 1872

    • D. 

      The Indian Contract Act, 1782

  • 2. 
    The Indian Contract Act,applies to the
    • A. 

      Whole of India Including Jammu & Kashmir

    • B. 

      Whole of India excluding Jammu & Kashmir

    • C. 

      States notified by the Central Government form time to time

    • D. 

      State notified by the appropriate Government every year

  • 3. 
    The Indian Contract  Act came into force on
    • A. 

      1st Sep ,1872

    • B. 

      15th Sep,1872

    • C. 

      1st Oct,1872

    • D. 

      15th Oct,1872

  • 4. 
    The general principles of law of contract are contained in
    • A. 

      Section 1 to 75

    • B. 

      Section 76 to 123

    • C. 

      Section 124 to 238

    • D. 

      Section 10

  • 5. 
    The general principles of law of contract applied to all kinds of contract irrespective of their nature
    • A. 

      True as section 1 to 75 lay down the general principles of law of contract

    • B. 

      False as for special kinds of contracts there are specific provisions in the respective laws

  • 6. 
    Which of the following eminent jurists has defined the contract as an agreement creating and defining obligations between the parties
    • A. 

      Pollock

    • B. 

      Halsburry

    • C. 

      Salmond

    • D. 

      Anson

  • 7. 
    • A. 

      Section 2(a)

    • B. 

      Section 2(b)

    • C. 

      Section 2(e)

    • D. 

      Section 2(h)

  • 8. 
    Which of the following statement  is  incorrect ?
    • A. 

      An agreement enforceable by law is a contract.

    • B. 

      Every agreement is a contract.

    • C. 

      An agreement is an accepted proposal.

    • D. 

      A promise is defined in Section 2(b) of the Act.

  • 9. 
    A proposal when accepted become a
    • A. 

      Promise

    • B. 

      Offer

    • C. 

      Acceptance

    • D. 

      Contract

  • 10. 
    An agreement is 
    • A. 

      Offer + Enforceability

    • B. 

      Offer + Acceptance

    • C. 

      Offer + Legal Obligation

    • D. 

      Offer only

  • 11. 
    A contract is 
    • A. 

      Offer + Acceptance

    • B. 

      Agreement + Enforceability

    • C. 

      Offer + Enforceability

    • D. 

      Offer + Legal Obligation

  • 12. 
    " Every agreement and promise enforceable at law is a contract ".This definition is given by
    • A. 

      Salmond

    • B. 

      Anson

    • C. 

      Halsbury

    • D. 

      Pollock

  • 13. 
    Which of the following equation is correct ?
    • A. 

      Contract = agreement + enforceability

    • B. 

      Agreement = offer + acceptance

    • C. 

      Both (a) and (b)

    • D. 

      None of the above

  • 14. 
    The conditions of enforceability of an agreement are laid down in
    • A. 

      Section 2(a)

    • B. 

      Section 2(e)

    • C. 

      Section 9

    • D. 

      Section 10

  • 15. 
    Which of the following  legal statement is incorrect ?
    • A. 

      All agreements are contracts [Section 10].

    • B. 

      An agreement enforceable by law is a contract[Section 2(a)].

    • C. 

      A proposal when accepted becomes a promise[Section 2(b)].

    • D. 

      Every promise and every set of promise forming the consideration for each other,is an agreement [Section 2(e)]

  • 16. 
    The law of contract creates the right  known as
    • A. 

      Jus in rem

    • B. 

      Jus in personam

    • C. 

      Consensus ad idem

    • D. 

      None of these

  • 17. 
    A "jus in personam" means a right against
    • A. 

      A specific person

    • B. 

      The public at large

    • C. 

      A specific thing

    • D. 

      None of these

  • 18. 
    All contracts are agreements but all agreements are not contracts.
    • A. 

      True ,as its is the legal position on the point.

    • B. 

      False, as all agreements are contracts but all contracts are not agreements.

  • 19. 
    As per section 10 which of the following is not a condition for the enforceability of an agreement ?
    • A. 

      An agreement must be made by the free

    • B. 

      An agreement must be made by the parties who are competent to contract

    • C. 

      An agreement must not be certain in its meaning

    • D. 

      An agreement must not be expressly declare to be void

  • 20. 
    An agreement enforceable by law,is known as
    • A. 

      Promise

    • B. 

      Contract

    • C. 

      Acceptance

    • D. 

      Obligation