Indian Contract-Nature of Contract

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Understanding Indian Contract Law

Test your knowledge of the Indian Contract Act, 1972 with this engaging quiz! Whether you are a law student, a legal professional, or someone interested in contracts, this quiz offers a fun way to gauge your understanding.

Key Features:

10 multiple-choice questions
Covers various aspects of contract law
Score and review your results instantly

10 Questions2 MinutesCreated by AnalyzingLaw12

A promised to pay his son B a sum of Rs 1 lakh if B passed CA exams in the first attempt. B passed the exam in the first attempt, but A failed to pay the amount as promised. B files a sit for recovery of the amount. State whether B can recover the amount under the Indian Contract Act, 1972.

B can sue A

B has to pay Rs 1 Lakh to A

B has no remedy against A

B has to write the exam again, to claim the reward

In agreements of purely domestic nature, the intention of the parties to create legal relationship is

To be proved to the satisfaction of the Court

Presumed to exist

Required to the extent of consideration

Not relevant at all

A void agreement is void ab intio but a void contract is not void ab intio.

True

False

Parlty True

Parlty False

Contract needs to be written, registered and signed by parties and witnessed

If any party wishes so

If the Contract Act directs so

If the law governing the contract requires so

If the consideration is of large amount

�…………. Is forbidden by law. The Court will not enforce such a contract.

Valid Contract

Illegal agreement

Voidable Contract

Unenforceable Contract

Price Lists and Catalogues, Advertisements in news papers, and enquiries from customers are

Offers

Invitations to offer

Acceptances

Cross-offers

Drawing cash form ATM, sale by fall of hammer at an auction sale, etc., are example of

Express Contract

Implied Contract

Tacit Contract

Unlawful Contract

�…………. Is a one-sided contract in which only one party has to perform his promise or obligation

Void Contract

Illegal agreement

Unilateral Contract

Bilateral Contract

A contract in which, under the terms of a contract, nothing remains to be done by either party is known as

Executed contract

Executory contract

Unilateral contract

None of the above

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Indian Contract-Nature of Contract

Understanding Indian Contract Law

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