Question 1

Which of the following persons are not competent to contract?

Accepted Answer

A)  Minors
B)  Persons of unsound mind
C)  Persons disqualified by law
D)  All of theseE) None of the above
F) A) and D)

Question 2

A mistake as to law not in force in India has the same effect as;

Accepted Answer

A)  Mistake of fact
B)  Mistake of Indian Law
C)  Fraud
D)  MisrepresentationE) A) and B)
F) A) and C) A

Question 3

A agrees to sell his car worth Rs. I00000 lakh to B for rs.20000 and A's consent was obtained by coercion. Here, the agreement is;

Accepted Answer

A)  Void
B)  Valid
C)  Voidable
D)  UnlawfulE) A) and D)
F) B) and D)

Question 4

The consideration or object of agreement is considered unlawful, if is

Accepted Answer

A)  Forbidden by law
B)  Fraudulent
C)  Immoral
D)  All of theseE) A) and B)
F) A) and C)

Question 5

Where the consent of both the parties is given by mistakes, the contract is;

Accepted Answer

A)  Void
B)  Valid
C)  Voidable
D)  IllegalE) C) and D)
F) None of the above

Question 6

Which of the following statement is false?

Accepted Answer

A)  A contract is not voidable if fraud or misrepresentation does not induce the other party to enter a contract.
B)  A party cannot complain of fraudulent silence or misrepresentation if he had the means of discovering the truth with ordinary means
C)  In case of fraud or misrepresentation, aggrieved party can either rescind or affirm the contract
D)  A party who affirms the contract , can also change his option afterwards if he so decidesE) B) and C)
F) A) and B)

Question 7

A contract made by mistake about Indian Law, is;

Accepted Answer

A)  Void
B)  Valid
C)  Voidable
D)  IllegalE) A) and B)
F) A) and C)

Question 8

When the consent to an agreement is obtained by coercion, the agreement is voidable at the option of

Accepted Answer

A)  Either party to the agreement
B)  A party whose consent was so obtained
C)  A party who obtained the consent
D)  None of theseE) All of the above
F) None of the above

Question 9

As a general rule, an agreement made without consideration is;

Accepted Answer

A)  Void
B)  Voidable
C)  Valid
D)  UnlawfulE) B) and C)
F) None of the above

Question 10

A contract made by mistake about some foreign law, is;

Accepted Answer

A)  Void
B)  Valid
C)  Voidable
D)  IllegalE) B) and C)
F) B) and D)

Question 11

A agrees to pay Rs.50000 to B if he kills C. the agreement is

Accepted Answer

A)  Void
B)  Valid
C)  Voidable
D)  ContingentE) None of the above
F) A) and C)

Question 12

An agreement in restraint of marriage, ie, which prevents a person from marrying is

Accepted Answer

A)  Valid
B)  Voidable
C)  Void
D)  ContingentE) B) and D)
F) A) and B)

Question 13

For entering into a contract, a minor is a person who has not completed the age of;

Accepted Answer

A)  16 years
B)  18 years
C)  20 years
D)  21 yearsE) A) and D)
F) A) and B)

Question 14

Which of the following elements does not affect the free consent of the parties.

Accepted Answer

A)  Coercion
B)  Fraud
C)  Incompetency
D)  Undue influenceE) B) and C)
F) All of the above C

Question 15

An agreement made with free consent to which the consideration is lawful but inadequate is;

Accepted Answer

A)  Void
B)  Valid
C)  Voidable
D)  UnlawfulE) All of the above
F) None of the above

Question 16

An agreement in restraint of marriage is valid incase of the following persons

Accepted Answer

A)  Minors
B)  Educated
C)  Married
D)  None of theseE) B) and C)
F) None of the above

Question 17

When the consent of a party is obtained by coercion undue influence, fraud or misrepresentation, the contract is;

Accepted Answer

A)  Void
B)  Voidable
C)  Valid
D)  IllegalE) All of the above
F) C) and D)

Question 18

A agrees to pay Rs.5 lakhs to B procures an employment for A in Income Tax Department. This agreement is

Accepted Answer

A)  Void
B)  Valid
C)  Voidable
D)  ContingentE) B) and C)
F) A) and B)

Question 19

A threatens to kill B if he does not agrees to sell his scooter from him for Rs.1000. Here B's consent is obtained by

Accepted Answer

A)  A undue influence
B)  Fraud
C)  Coercion
D)  None of theseE) None of the above
F) B) and D)

Question 20

When one party is in a position to dominate the will of another and uses his superior position to obtain the consent of a weaker party, the consent is said to be obtained by;

Accepted Answer

A)  Coercion
B)  Undue influence
C)  Fraud
D)  MisrepresentationE) A) and D)
F) All of the above B

Exam 3: Contract Law and Consideration: Understanding Free Consent and Unlawful Agreements

Which of the following persons are not competent to contract?

Correct AnswerverifiedShow Answer

A mistake as to law not in force in India has the same effect as;

Correct AnswerverifiedA

A agrees to sell his car worth Rs. I00000 lakh to B for rs.20000 and A's consent was obtained by coercion. Here, the agreement is;

Correct AnswerverifiedShow Answer

The consideration or object of agreement is considered unlawful, if is

Correct AnswerverifiedShow Answer

Where the consent of both the parties is given by mistakes, the contract is;

Correct AnswerverifiedShow Answer

Which of the following statement is false?

Correct AnswerverifiedShow Answer

A contract made by mistake about Indian Law, is;

Correct AnswerverifiedShow Answer

When the consent to an agreement is obtained by coercion, the agreement is voidable at the option of

Correct AnswerverifiedShow Answer

As a general rule, an agreement made without consideration is;

Correct AnswerverifiedShow Answer

A contract made by mistake about some foreign law, is;

Correct AnswerverifiedShow Answer

A agrees to pay Rs.50000 to B if he kills C. the agreement is

Correct AnswerverifiedShow Answer

An agreement in restraint of marriage, ie, which prevents a person from marrying is

Correct AnswerverifiedShow Answer

For entering into a contract, a minor is a person who has not completed the age of;

Correct AnswerverifiedShow Answer

Which of the following elements does not affect the free consent of the parties.

Correct AnswerverifiedC

An agreement made with free consent to which the consideration is lawful but inadequate is;

Correct AnswerverifiedShow Answer

An agreement in restraint of marriage is valid incase of the following persons

Correct AnswerverifiedShow Answer

When the consent of a party is obtained by coercion undue influence, fraud or misrepresentation, the contract is;

Correct AnswerverifiedShow Answer

A agrees to pay Rs.5 lakhs to B procures an employment for A in Income Tax Department. This agreement is

Correct AnswerverifiedShow Answer

A threatens to kill B if he does not agrees to sell his scooter from him for Rs.1000. Here B's consent is obtained by

Correct AnswerverifiedShow Answer

When one party is in a position to dominate the will of another and uses his superior position to obtain the consent of a weaker party, the consent is said to be obtained by;

Correct AnswerverifiedB

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A

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C

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B