Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
Q. A makes a contract with B to buy his house for ` 50,000 if he is able to secure to bank loan for that amount. The contract is
a. Void for vagueness
b. Wagering contract
c. Contingent contract
d. Voidable contract
Q. Contingent contracts to do or not to do anything if a specified uncertain event does not happen within afixed time become
a. Void, if before the time fixed, such event becomes impossible
b. Valid, if before the time fixed, such event becomes impossible
c. Voidable, if before the time fixed, the promisor becomes lunatic
d. Illegal, if before the time fixed, the promisor dies
Q. Which of the following statements is true in connection with the contingent contract:
a. The collateral event is contingent
b. The collateral event may be certain or uncertain
c. The contingency event may be the mere will of the promisor
d. The main event should be contingent
Q. Which of the following statement is false in connection with the contingent contract:
a. The event must be collateral
b. The event must be uncertain
c. The event should not be mere will of the promisor
d. None of the above
Q. The contingent contract dependent on the happening of the future uncertain event can be enforced when such event:
a. Happens
b. Does not happen
c. Does not become a impossible
d. Both (a)&(c)
Q. Contract contingent upon the happening of a future uncertain event becomes void.
a. If the event becomes impossible
b. If the event happens
c. If the event does not happen
d. None of the above
Q. Contracts contingent upon the non-happening of the future uncertain event becomes void when suchevent:-
a. Happen
b. Does not happen
c. The event becomes impossible
d. None of the above
Q. Contract contingent upon the non-happening of the future uncertain event becomes enforce able
a. When the happening of that event becomes impossible and not before
b. When the happening of that event becomes possible and not before
c. When the event happens
d. None of the above
Q. A promises to pay B a sum of money if a certain ship does not return within a year. The ship is sunk within a year. The contract is
a. Enforceable
b. Void
c. Voidable
d. Illegal
Q. Contingent contract to do or not to do anything, if an impossible event happens are:-
a. Valid
b. Void
c. Voidable
d. Illegal
Q. Contingent contract dependent on the non-happening of the event within a fixed time can be enforced,if the event:-
a. Does not happen within the fixed time
b. Before the time fixed such event becomes impossible
c. Both (a) & (b)
d. None of the above
Q. In a contingent contract which event is contingent
a. Main event
b. Collateral event
c. Both(a)&(b)
d. None of the above
Q. The obligation of a finder of lost goods is laid down in:
a. Sec. 71 of the Contract Act
b. Sec. 65 of the Contract Act
c. Se 68 of the Contract Act
d. Sec. 66 of the Contract Act
Q. Secs. 68 to 72 of the Indian Contract Act deal with:
a. The performance of contract
b. The discharge of contract
c. Certain relations resembling those created by contract
d. Contingent contract
Q. Under section 70 of the Indian Contract Act, 1872, if a person who enjoys the benefit of any other person's work, the beneficiary must pay to the benefactor for the services rendered, pro vided the intention of the benefactor was :
a. Gratuitous
b. Non-gratuitous
c. To create legal relations
d. None of these