Q.1. Which of the following is Correct in India?
(1) Past consideration is no consideration;
(2) Consideration can be past' present or future;
(3) Consideration has to be present;
(4) Consideration may present or future;
(5) Other than these options
Q.2. lf the letter of acceptance sent by post is lost in transit;
(1) It is a concluded contract
(2) It is not a concluded contract as acceptance has not come to the knowledge of the offeror:
(3) It is not a concluded contract as acceptance has not been communicated to the offeror:
(4) (2) and (3) are Correct
(5) Other than these options
Q.3. An agreement in restraint of trade is valid u/s 27 of the contract Act if it is for-
(1) Sale of Goodwill
(2) Mutual adjustment;
(3) Business Contingency
(4) All of the above
(5) Other than these options
Q.4. An agreement shall be void if there is-
(1) Mistake of fact by one party only;
(2) Mistake of fact by both the parties;
(3) Agreement is not witnessed by third person
(4) Agreement has not been concluded before a court of law
(5) Other than these options
Q.5. A Standard form Contract-
(1) Is a valid contract
(2) One party has no choice but to accept and sign
(3) Both (1) and (2)
(4) Consent in it is not freel
(5) Other than these options
Q.6. Consideration must move-
(1) From the Promise only
(2) From any other Person;
(3) Either (1) or (2)
(4) From an authority
(5) From a goernment
Q.7. Restitution stops where repayment begins; the principle is applicable against-
(1) Minor only
(2) person of unsound mind;
(3) An alien enemy
(4) All of the above
(5) Other than these options
Q.8. If A agrees to sell to B, all the grain in my granary at Shivangar; agreement ts-
(1) Void for uncertainty
(2) Valid as no uncertainty there
(3) Unenforceable;
(4) Voidable
(5) Other than these options
Q.9. Frustration of contract implies-
(1) Commercial hardship
(2) Physical impossibility for disappearance of subject-matter or object has failed
(3) Both (1) and (2)
(4) There is a possibility of losing an object
(5) There is a possibility of losing an evidence
Q.10. A party to a contract can be discharged, if it has become-
(1) Expensive
(2) Onerous;
(3) Commercially inviable
(4) Impossible
(5) Commercially powerfull
Answers
Q.1. (2)
Q.2. (1)
Q.3.(1)
Q.4.(2)
Q.5.(1)
Q.6.(3)
Q.7.(1)
Q.8.(2)
Q.9.(2)
Q.10.(4)
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