“Commercial impossibility is no impossibility at all.” This rule of law was laid down by the Supreme Court in the case of

Ghanshyam and Afzal are good friends. They are traders and together keep on doing business transaction very often. In April 2016, they enter in a contract. Afzal has certain confidential information from his private sources about some change in prices that would affect Ghanshyam’s willingness to proceed with the contract. As per Indian Contract Act, 1872, identify which of the following is applicable.

Which of the following is correct under the Indian Contract Act, 1872?

The acceptance must be

Assertion (A): All illegal agreements are void, but all void agreements are not illegal.
Reason (R): Only those agreements, of which the object or consideration is unlawful, are known as illegal agreements. Select the correct answer using the given below-

A, B and C jointly promise to pay ‘D’ a sum of Rs. 3,000. A & B are untraceable. Is ‘C’ is liable to pay?:

Exceptions to the doctrine of ‘privity of contract’ do not include . . . . . . . .

A’ promises to maintain ‘B’s child. ‘B’ promises to pay ‘A’ Rs. 1,000 yearly for the purpose. The consideration is:

Match List-I with List-II and select the correct answer under the given below the lists:

List I
List-II

a. Mohiri Bibi Case
1. Remoteness of damage

b. Satyabrata Chose Case
2. Frustration of Contract

c. Hadley v. Baxendale
3. Invitation to treat

d. Carlill v. Carbolic
4. Minor’s contract

In which one among the following cases, a surety is not discharged?

Damages allowed under Section 73 of the Indian Contract Act, are

Which of the following deals with alternative promise, one branch being illegal in the Indian Contract Act, 1872?

The Contract Act of 1872 was enacted on

No contract can arise

When goods are displayed in a shop window with price tags attached to them, the offer comes from the:-

A, B and C jointly promise to pay D 3,000 rupees. D may compel:

A “consideration” may be:-

An action for breach of contract, at the option of the plaintiff, can be brought at the place:

Section 25 of the Indian Contract Act lays down a few exceptions, when agreement made without consideration is not void. Which of the following is such an exception:

A’ sells a field to ‘B’. There is a right of way over the field of which A has direct personal knowledge but which he conceals from B:

The Indian Contract Act, 1872, the term ‘voidable contract’ has been defined under:

Minor entering into a contract misrepresenting his age

In India, the express provisions of the Contract Act applies to

Consider the following statements with regard to law of contract:
1. Presence of consideration is essential but the same should be adequate.
2. Inadequacy of consideration may be considered as evidence for the presence of undue influence.
Which of the statements given above is/are correct?

A contract which is vitiated by undue influenceis declared as which one of the following by the Indian Contact Act?

In a valid contract, what comes first

Liability of a guarantor is:

When consent to an agreement is caused by misrepresentation under Indian Contract Act, 1872 the agreement is:

A contract to sing for B at a concert for 1,000 rupees, which are paid in advance. A is too ill to sing.

Which one of the following statements about general offer is correct?

Money paid under mistake or coercion is recoverable if there is

A person is deemed to be in a position to dominate the will of another

A for natural love and affection promises to give his son B Rs. 1,00,000. A puts his promise to ‘B’ in to writing and register it. This is a . . . . . . . . ?

For the purpose of pledge, delivery of possession of goods

The doctrine of privity of contract means that:

Whether a contract in which time for performance of an obligation is not specified is a valid contract?

As a general principle of Law of Contract, which one of the following is not an essential of a valid contract?

If the sum fixed represents a genuine pre-estimate of the probable damages that are likely to result, from a breach of contract, it is considered as:

A promisee can

A’, the shopkeeper, has displayed his goods in glass showcase with the price tag prominently visible. ‘B’ identifies an item form the showcase for purchase and tells ‘A’ that he is ready to give the price displayed. ‘A’ realizes that the item did not have the correct price tag and refuses to sell it at the displayed price. Give the most appropriate answer.

A contract between a financier and a purchaser of vehicle involving advance of money by the financier for purchase of a vehicle is governed by which principle under the Indian Contract Act, 1872

A loan given to the son at the instance of his father who executed all the essential documents is enforceable against the father because
(1) it has sufficient consideration
(2) consideration was provided by the father
(3) it was done at the desire of the promisor
(4) it was done at the request of the promisor

A promise to pay wholly or in part a debt of which the creditor might have enforced payment, but for the law for the limitation of suits is a contract:

Mistake as to law in force in India makes the contract:

Under the Indian Contract Act, a proposal when accepted becomes:

A’ promises to provide maintenance allowance to her maternal uncle in consideration of certain properties gifted to her by her mother. ‘A’ refuses to pay maintenance amount and maternal uncle institutes suit against ‘A’ to enforce the promise. Which one of the following is the correct statement? Maternal uncle:

Privity of Contract is that the

A letter of acceptance sent by post is lost in transit

Which among the following elements is not required in case of undue influence

A change of nature of obligation of a contract is known as

Which one of the following is a contract?

Uncle telegrams to his nephew: If I hear no more about that black horse, I will consider the horse mine @ Rs. 3,00,000.
Nephew to his Manager: Do not put that Black horse on auction as it has already been sold to my uncle.
The manager diligently obeys the orders.
The uncle never comes forward to pay Rs. 3,00,000 and take the black horse.
The nephew

Principle: If any person enters into wagering or betting agreements, such agreements would be illegal and cannot be given effect for enforcing obligations.
Fact: Akbar enters into an agreement with Birbal that if he pays Akbar a premium of Rs. 500 per annum and Birbal’s house is devastated by fire within one year of entering into the agreement, Akbar shall make good the loss suffered by Birbal.

Contractual liability arises where:

Assertion (A): Collateral transactions to wagering are void.
Reason (R): Only wagering agreements are declared void under section 30 of the Indian Contract Act.

A pawnee, in the event of default in payment of debt by the pawner, has a right

An acceptance may be revoked at any time before the communication of its acceptance is complete:

Which of the following rights is/are not available to the agent

Past consideration is valid in

Which one of the following relationship does not come within the category of undue influence affecting a transfer of property namely the relationship of?

Any act is done, without the authority or knowledge of a person on behalf of that person, that person

A’ agrees to sell to ‘B’ a hundred tons of oil. There is nothing whatever to show what kind of oil was intended. The agreement is:

When offer is accepted with a condition it is

A clause in a loan agreement permitting the financier to seize the financed vehicle in the event of default in payment would amount to

Breach of contract may be

State of West Bengal v. B. K. Mondal & Sons, AIR 1962 SC 779 is an interpretation of which section of Indian Contract Act:

An acceptance on telephone should be

What is the meaning of ‘ab initio’?

When is the inadequacy of consideration taken into account by a court of law?

Which provision of Indian Contract Act provides definition of free consent

Considerations & objects are unlawful where it is

Which of the following is not a ground of frustration?

An agreement not enforceable by law is said to be:

Who is competent to contract?

Which one of the following make an agreement void?

A’ enters into a contract with ‘B’ to sing at his theatre two nights in every week during the next two months and ‘B’ engages to pay her at rate of Rs. 1,000 for each night. ‘A’ willfully absents herself on the sixth night but with the assent of ‘A’ sings on the seventh night ‘B’:

A and B agree that A shall pay B Rs. 500 for which B shall afterwards deliver to A one quintal wheat or a smuggled pistol. Decide:

An agreement shall be void on account of

Which one of the following statements is correct?
When a contract is caused by fraud, the contract is

No consideration is necessary to create

B accepts A’s proposal by a letter sent by post. The communication of the acceptance is complete.

A having advanced money to his son, B, during his minority, upon B’s coming of age obtains, by misuse of parental influence, a bond from B for a greater influence, a bond from B for a greater amount than the sum due in respect of the advance. A employs

In case of joint promise, generally the performance must be by:

Who among the following has no right to enforce a contract?

Which of the following statements are true?
(1) Minor’s contract can be ratified on attaining majority.
(2) Minor’s contract cannot be ratified on attaining majority.
(3) Minor’s contract can be ratified jointly by both the parties to the contract.
(4) Minor is not liable under minor’s contract.
(5) Minor’s contract is an enforceable contract.

Mark the correct answer in respect of Contract of Guarantee.

The effect of novation, rescission and alteration of contract is provided under-

Which Section of the Indian Contract Act, 1872, deals with agreements in restraint of legal proceedings?

A’s son forged B’s name to a promissory note. B under threat of prosecuting A’s son obtains a bond from A for the amount of the forged note. If B sues on this bond the court

Which of the following is not an essential element of a contract

An executory consideration is:

A and B agree to fence with each other for amusement. This agreement implies the consent of each to suffer any harm which in the course of fencing, may be caused without foul play and if A, while playing fairly, hurts B. A commits no offence. The provision are given under:

X, a rich person residing at Kochi, sends Rs. 50,000 to his agent at Chennai with a direction that the jnoney be given equal to two poor students A and B who are studying in the Engineering College over there. Instead of doing so, the agent gives the money equally to two other very poor deserving students. The agent has committed

The doctrine of supervening impossibility will not apply in the following cases
1. Difficulty in performance
2. Outbreak of war
3. Commercial impossibility
4. Strikes, Lock-outs and civil disturbances

An agreement without consideration is void unless:

If a proposal has been accepted subject to certain conditions, then:

Mohit lends Rs. One Lakh to Som where Narain was the surety. The contract in this transaction provided that the liability of Narain is limited to Rs. 50,000. The contract is:

X’ and ‘Y’ have jointly taken a loan from ‘Z’ with promise to repay the same with interest within two years. The loan is not repaid. ‘Z’ releases ‘X’ from liability and institutes a suit for recovery of the entire amount due from ‘Y’ alone. ‘Z’ in law is entitled to recover:

An agreement made without free consent is-

If only a part of the consideration or object is unlawful, the contract under Section 24 of the Indian Contract Act, 1872 shall be: