1872 contract act MCQs – Page 3

Practise focused 1872 contract act questions with marked answers for exam preparation and subject revision.

1872 contract act Mcqs

41. Mistake of fact________________?
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A. None of above

B. Makes a contract void

C. Does not make a contract voidable

D. Makes a contract voidable

42. Guarantee means_______________?
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A. Surety

B. All the above

C. None of above

D. The word is also used as a name, to denote the contract of guarantee or the obligation of grantor

43. Section_________ of the Contract Act defined sub-agent?
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A. 191

B. 193

C. None of above

D. 192

44. Section 226, to last one of the Contract Act, deals with __________________?
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A. Effect of the agency upon the principal

B. Effects of agency on contracts with third person

C. Effects of the agency upon the agent

D. None of above

45. Indemnity means__________________?
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A. Security from damage or loss

B. Security for more profit

C. An act for protection

D. Both A and B

46. When the person to whom the proposal is made signifies his assent thereto the proposal is said to be accepted than its called _________________?
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A. Promise

B. Proposal

C. Agreement

D. None of these

47. Agreement without consideration is___________________?
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A. Valid

B. Voidable

C. None of above

D. Void

48. Section 124, of the Contract Act, define_________________?
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A. Contracts of indemnity

B. Contracts of minor

C. Contracts of conditions

D. None of above

49. In contract of guarantee the person who gives guarantee is called __________________?
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A. Surety

B. Principal debtor

C. Both (a) and (b)

D. None of above

50. A in consideration that B will employ C in collecting the rent of Bs zamindari, promises B to be responsible, to the amount of 5000 rupees for the due collection and payment by C of those rents. This is a________________?
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A. None of above

B. Continuing guarantee

C. Limited guarantee

D. Restricted guarantee

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

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