Indian Contract-Nature of Contract
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
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
An offer made to group of persons is known as
Standing Offer
Specific offer
Special offer
Separate Offer
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