Topics of Law Test 20

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Topics of Law Test 20

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Weekly Quiz Competition

Question 1
1 / -0

A person who makes a promise is know as ______.

A
promisor

B
promisee

C
offere

D
donor
Question 2
1 / -0

What is the status of a contract when the consent of a party is caused by coercion?

A
Void

B
Voidable

C
Valid

D
Illegal
Question 3
1 / -0

Which one of the following damage is not recoverable under the Indian Contract Act,1872?

A
Ordinary damages

B
Special damages

C
Nominal damage

D
None of the above

Solution

Damages recoverable are
-Ordinary Damage.
-Special Damage.
-Exemplary / Punitive Damages.
-Nominal Damages.
-Liquidated Damages.
Question 4
1 / -0

'Voidable ' contract means __________.

A
parties are incompetent to contract

B
free consent of the parties is missing

C
consideration is inadequate

D
the object of contract is expressly declared void by the act itself.

Solution

A voidable contract,unlike a void contract, is a valid contract . At most, one party to the contract is bound. The unbound party may repudiate the contract, at which time the contract is void. Reason that can make a contract voidable include failure by one or both parties to disclose a material fact; a mistake , misrepresentation of fraud etc.
Question 5
1 / -0

In a contract, when the object and consideration is unlawful it is deemed as _________.

A
void

B
voidable

C
valid

D
contingent
Question 6
1 / -0

According to section 2(h) of the Indian Contract Act,"___________ is an agreement enforceable by law ".

A
Consideration

B
Agreement

C
Promise

D
Contract
Question 7
1 / -0

According to Section $$25$$ of the Indian Partnership Act, $$1932$$, the liability of a partner is ________.

A
jJoint

B
sSeveral

C
jJoint and several

D
nNone of the above
Question 8
1 / -0

In which of the following situation original contract need not be performed?

A
When parties substitute a new contract for the old one

B
When the parties to a contract agree to rescind it

C
When the parties to a contract agree to alter it

D
All of the above.

Solution

The general rule is that contract must be performed but there are some situations when original contract need not be performed :
-On novation of a contact.
-On rescission of a contract.
-On alteration of a contract
Question 9
1 / -0

If a new contract is substituted in place of an existing contract, it is called _________.

A
alteration

B
rescission

C
novation

D
waiver
Question 10
1 / -0

A contract is __________.

A
a promise to do something or abstain from doing something

B
a communication of intention to do something or abstain from doing something

C
a set of promises

D
an agreement enforceable by law

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Re-Attempt Weekly Quiz Competition

Topics of Law Test 20

Result

Topics of Law Test 20

Score

-

Rank

-

SHARING IS CARING

Question 1

promisor

promisee

offere

donor

Question 2

Void

Voidable

Valid

Illegal

Question 3

Ordinary damages

Special damages

Nominal damage

None of the above

Solution

Question 4

parties are incompetent to contract

free consent of the parties is missing

consideration is inadequate

the object of contract is expressly declared void by the act itself.

Solution

Question 5

void

voidable

valid

contingent

Question 6

Consideration

Agreement

Promise

Contract

Question 7

jJoint

sSeveral

jJoint and several

nNone of the above

Question 8

When parties substitute a new contract for the old one

When the parties to a contract agree to rescind it

When the parties to a contract agree to alter it

All of the above.

Solution

Question 9

alteration

rescission

novation

waiver

Question 10

a promise to do something or abstain from doing something

a communication of intention to do something or abstain from doing something

a set of promises

an agreement enforceable by law

User

Question Analysis

My Perfomance

Score

-

Rank

-

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