1872 contract act Mcqs
51. A continuing guarantee may at any time be revoked by the surety as to future transaction by giving notice to ________________?
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A. The creditor

B. Without giving any notice to any person

C. Principal debtor

D. None of above

52. A guaranfee which extend to a series of transactions is called ____________________?
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A. Continuing guarantee

B. Specific guarantee

C. Special guarantee

D. None of above

53. An agent is bound to render proper account to _______________ on demand?
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A. His principal

B. Sub-agent

C. None of the above

D. Creditor

54. The definition of Bailment is provided in section ________________, of the Contract Act?
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A. 147

B. 146

C. 148

D. All of above

55. The suggestion as a fact of that which is not true by one who does not believe it to be true and the active concealment of a fact by one having knowledge or believe of the fact is called ?
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A. Fraud

B. None of above

C. Cheating

D. Misrepresentation

56. The Contract Act 1872 was enforced on_______________?
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A. First August, 1872

B. None of these

C. 1st September, 1872

D. First day of July, 1872

57. A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself or by the conduct of any other person is called______________?
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A. Contract of indemnity

B. None of above

C. Surety contract

D. Simple contract

58. When there is breach of contract the party which aggrieved by breach is entitled for__________________?
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A. Nothing

B. Compensation against the breacher

C. None of above

D. Registration of criminal Case against the breacher

59. The contract of guarantee is a contract in which a person perform the promise or discharge the liability of__________________?
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A. The contractor

B. Stranger

C. Third person

D. None of above

60. A contract made by lunatic is________________ in the eye of Law?
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A. Void

B. Absolute

C. Valid

D. None of above

61. The contract of insurance is infact contract of________________?
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A. Urgency

B. Indemnity

C. Both (a) and (b)

D. None of above

62. Contingent Contract is defined is section______________ of The Contract Act?
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A. None of above

B. 25

C. 27

D. 26

63. Coercion, Fraud and misrepresentation makes contract_________________?
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A. Void of the option of the party whose consent was caused

B. Voidable on the option of the party whose consent so caused

C. Valid for both sides

D. None of above

64. A proposal may be revoked by ways as are provided in section _______________ of the Contract Act 1872?
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A. 6

B. None of above

C. 7

D. 5

65. In pledge contract bailee is called________________?
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A. None of above

B. Pawnee

C. Pledger

D. Pawnor

66. As per-section 201, of the Contract Act an agency can be terminated by__________________?
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A. All of above

B. The principal revoking his authority

C. The agent renouncing the business of the agency

D. The completion of agency business

67. A agrees to buy from B a certain horse. It turns out that the horse was dead at the time of the bargain though neither party was aware of the fact the agreement is______________?
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A. Valid

B. Void

C. Voidable

D. Both (a) and (b)

68. A principal is responsible for all the acts of his agent which is called___________________?
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A. Vicarious liability

B. Original liability of The Principal

C. Both A and B

D. None of above

69. The committing or threatening to commit any act forbidden by the Pakistan Penal Code, or the unlawful detaining or threatening to detain any property to the prejudice of any person whatever with intention of causing any person to enter into an agreement is called_______________?
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A. Free consent

B. Coercion

C. Both A and B

D. None of above

70. Agreement contingent on impossible events are________________?
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A. Void

B. Voidable

C. Both A and B

D. None of above

71. The term Contingent means ?
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A. Possible but not assured

B. Doubtful or uncertain

C. Both A and B

D. None of above

72. When one person signifies to another his willingness to do or to abstain from doing any thing with a view to obtaining the assent of that other person to such act or abstinence he is said to make a_______________?
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A. Proposal

B. Promise

C. Both A and B

D. None of these

73. In contract of guarantee the person at whose place guarantee given is called __________________?
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A. Surety holder

B. Principal debtor

C. Both (a) and (b)

D. None of above

74. Section 184, of the Contract Act deals with qualification of_________________?
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A. Principal

B. Agent

C. Both A and B

D. None of above

75. The person to whom goods are delivered according Bailment is called ___________________?
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A. Bailor

B. Bailee

C. Both A and B

D. None

76. An agreement enforceable by law is called________________?
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A. An agreement

B. Contract

C. Both A and B

D. None of above

77. A intending to deceive B, falsely represents that five hundred munds of indigo are made annually at As factory and their by induces B to buy the factory ?
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A. The contract is voidable on the part of A

B. The contract is voidable on the part of B

C. The contract is voidable on both A and B part

D. None of above

78. A makes a contract with B to buy Bs horse if A survives C. This contract cannot be enforceed by law ?
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A. Unless and until C dies in As life time

B. Unless and until A dies in Cs life time

C. Both A and C dies

D. None of above

79. As provided in section 183, any person who is of the age of majority according to the law to which he is subject and who is of sound mind may employ______________?
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A. A Labour

B. An agent

C. None of above

D. Servant

80. The age limit for making a contract is_______________?
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A. Majority

B. None of above

C. 16 years

D. 17 years

81. A contract to pay B Rs. 10,000 if Bs house is burnt the contract is________________?
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A. Contingent Contract

B. Conditional Contract

C. Simple contract

D. None of above

82. Section 146 of the Contract Act, deals with liabilities of_______________?
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A. Surety

B. Co-sureties

C. Both A and B

D. None of above

83. There are __________ essential ingredients of a contract?
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A. 2

B. 3

C. 4

D. None of above

84. Section 18 of the Contract Act, deals with_______________?
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A. Coericon

B. None of above

C. Misrepresentation

D. Fraud

85. As per section 185 of the Contract Act, 1872 consideration is_________________?
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A. Not necessary to create agency

B. Necessary to create agency

C. Depends upon type of agency

D. None of above

86. Chapter__________, of the Contract Act, deals with consequences of breach of contracts ?
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A. VII

B. VIII

C. VI

D. None of above

87. A proposes by letter to sell a house to B The Communication of the proposal is complete________________?
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A. When A make such proposal

B. When B accepts the proposal

C. Both A and B

D. None of above

88. A promises to superintend on behalf of B, a legal manufacture of indigo and an illegal traffic in other articles, B promises to pay A salary of 10,000/- rupees year. The agreement is void the object of As promise, and consideration for Bs promise being in part________________?
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A. Lawful

B. Unlawful

C. Both (a) and (b)

D. None of above

89. The term Pledge means________________?
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A. A thing which is given as security

B. A thing which is saled out

C. Both A and B

D. None of above

90. The term Coercion means__________________?
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A. Compulsion

B. Committing or threatening to commit any act forbidden by the Pakistan Penal Code

C. All of the above

D. A unlawful pressure

91. A contract which ceases to be enforceable by law becomes void when it ceases to be enforceable is called________________?
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A. Valid contract

B. None of above

C. Voidable contract

D. Void contract
92. The person making the proposal is called_________________?
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A. Promiser

B. Promisee

C. Both of above

D. None of above

93. A promises to pay B a sum of money if a certain ship return within a year. The Contract may be enforced if the ship returns with the year, and becomes __________________ if the ship is burnt within the year?
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A. Void

C. dable

D. Both A and B

E. None of above

94. Section 124 to 147, of the Contract Act, deals with _________________?
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A. Contracts of indemnity

B. Contracts of guarantee

C. Both A and B

D. None of above

95. Definition of agent is provided in section _________________ of the Contract Act, 1872?
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A. 185

B. 180

C. None of above

D. 175

96. The person for whom agents do any act or to represents whom is called______________?
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A. Principal

B. None of above

C. Managing director

D. Employer

97. The person who during the contract of bailment deliver goods is called ?
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A. Bailor

B. Bailee

C. Both A and B

D. None of above

98. Every promise and every set of promises forming the consideration for each other____________?
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A. An offer

B. An agreement

C. A proposal

D. None of above

99. A contract to do or not to do something if some event collateral to such contract does or does not happen is called___________________?
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A. Complex contract

B. Contingent contract

C. None of above

D. Simple contract

100. In order to convert a proposal into a promise the acceptance must be______________?
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A. Unconditional

B. Absolute

C. Conditional

D. None of above