1872 Contract Act MCQs

1.According to Article 214 of the Contract Act, to whom must an agent report when facing difficulties?

2.According to Section 201 of the Contract Act, an agency relationship may be ended by which of the following actions?

The principal withdrawing the agent's authorityThe agent abandoning the agency dutiesThe fulfillment of the agency's purposeAny of the above actionsNone of the above

3.According to Section 189 of the Contract Act, what extent of authority does an agent have during an emergency?

Restricted and requires approval from the principalUnrestricted; the agent may perform all essential actions without the principal's consentBoth restricted and unrestricted depending on the situationNone of the aboveNot applicable

4.In an agency relationship, what is the term for a person who works under the authority of the original agent within the agency business?

5.Which of the following roles cannot be held by an individual who is legally unsound?

6.Under Section 183, who is legally permitted to appoint an agent?

7.Which topic is addressed under Section 178 of the Contract Act, 1872?

8.What is the term used for the bailment of goods given as security to ensure payment of a debt or fulfillment of a promise?

9.Under which section of the Contract Act is the bailor obligated to inform the bailee about any defects in the goods delivered for bailment?

10.What does the term 'Bailment' refer to?

The transfer of possession of an item for a specific purpose under a contractual agreementThe handing over of goods without any charge involvedThe free delivery of items intended for public benefitNone of the aboveNot applicable

11.According to Section 143 of the Contract Act, what is the status of a guarantee obtained by a creditor through concealment?

20.A agrees to pay B a certain amount if a specific ship returns within one year. The agreement is enforceable if the ship arrives within that time frame, but what is its status if the ship is destroyed within the year?

1872 Contract Act MCQs

About this subject

1.According to Article 214 of the Contract Act, to whom must an agent report when facing difficulties?

2.According to Section 201 of the Contract Act, an agency relationship may be ended by which of the following actions?

3.According to Section 189 of the Contract Act, what extent of authority does an agent have during an emergency?

4.In an agency relationship, what is the term for a person who works under the authority of the original agent within the agency business?

5.Which of the following roles cannot be held by an individual who is legally unsound?

6.Under Section 183, who is legally permitted to appoint an agent?

7.Which topic is addressed under Section 178 of the Contract Act, 1872?

8.What is the term used for the bailment of goods given as security to ensure payment of a debt or fulfillment of a promise?

9.Under which section of the Contract Act is the bailor obligated to inform the bailee about any defects in the goods delivered for bailment?

10.What does the term 'Bailment' refer to?

11.According to Section 143 of the Contract Act, what is the status of a guarantee obtained by a creditor through concealment?

12.Who must the surety notify to revoke a continuing guarantee for all future transactions?

13.What does the term "Guarantee" primarily signify?

14.What is the subject matter of Section 142 in the Contract Act of 1872?

15.What is the term for a guarantee that covers multiple related transactions over time?

16.An insurance agreement is essentially a contract of which nature?

17.What type of contract is defined under Section 124 of the Contract Act?

18.If a contract is broken, what remedy is the injured party entitled to receive?

19.How should reciprocal promises be executed?

20.A agrees to pay B a certain amount if a specific ship returns within one year. The agreement is enforceable if the ship arrives within that time frame, but what is its status if the ship is destroyed within the year?

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