Top 150+ Solved Business Laws and Special Contracts MCQ Questions Answer
Q. The Indian contract act come into force
a. from 1 september 1972
b. before 1 september 1882
c. from 1 september 1872
d. after 1 september 1872
Q. Which of these is a wagering contract?
a. insurance contract
b. teji mandi contract
c. lottery
d. all of these
Q. Consideration must move at the desire of-
a. third party
b. the promisee
c. the promisor
d. none of these
Q. A contract entered into between the parties by words is called-
a. express contract
b. implied contract
c. quasi contract
d. specific contract
Q. When an offer can be accepted only by the person to whom it is made, it is called-
a. express offer
b. general offer
c. specific offer
d. implied offer
Q. A promise to subscribe to a charity is a
a. void agreement
b. void contract
c. voidable contract
d. valid contract
Q. A contract for the benefit of a minor entered into by his manager is
a. illegal
b. voidable
c. void
d. valid
Q. Two or more persons are said to consent when they agree upon
a. the same thing in the same sense
b. the same thing in any sense
c. the same thing in a specific sense
d. none of these
Q. The term “Quid pro quo” means:
a. something in return
b. something important
c. something of value
d. something relevant
Q. Which of the following is not an essential element of a valid contract:
a. adequacy of consideration
b. capacity to contract
c. free consent
d. none of the above
Q. If a contract provides for the payment of a certain amount on breach of a contract, suchpayment is termed as:
a. special damages
b. nominal damages
c. liquidated damages
d. compensatory damages
Q. Which of the following case is not covered by the concept of supervening impossibility?
a. destruction of subject matter
b. death or incapacity of the promisor
c. outbreak of war
d. difficulty of performance
Q. Under the Contract Act, 1872 a person is said to be of sound mind for the purpose of makinga contract if:
a. he is not illiterate and can read and understand the terms of the contract.
b. he is capable of understanding the contract and forming a rational judgement as to its effect upon his interests.
c. he is of the age of majority and is not disqualified from contracting by any law to which he is subject.
d. he is not suffering from any mental disease or distress.