1872 Contract Act – MCQs

84 questions. Click to practice.

Correct options are highlighted when revealed.

1.What is the term for the individual who receives a proposal in a contract?

2.What is the term used for the individual who presents a proposal?

3.What term describes the act when an individual expresses to another their readiness to perform or refrain from an action in order to gain that person's agreement?

4.Which topic is covered by Section 226 up to the final section of the Contract Act?

5.To whom is an agent obligated to provide a detailed account upon request?

6.What term describes the responsibility of a principal for the actions performed by their agent?

7.Which section of the Contract Act provides the definition for a sub-agent?

8.According to Section 185 of the Contract Act, 1872, is consideration required to establish an agency?

9.What do you call an individual who is hired to perform tasks or represent someone else in interactions with third parties?

10.In the context of a pledge, what term is used to refer to the bailor?

11.A rents a carriage from B. Although B is unaware that the carriage is dangerous, A sustains an injury while using it. Who holds liability for A's injury?

12.In a bailment arrangement, what is the term used for the individual who receives the goods?

13.What is the term for a contract where one party delivers goods to another for a specific purpose, under the condition that the goods will be returned or otherwise handled as directed by the person who delivered them once the purpose is fulfilled?

14.Under Section 146 of the Contract Act, which party's responsibilities are addressed?

15.Which sections of the Contract Act address the discharge of a surety?

16.In a contract of guarantee, the guarantor agrees to fulfill the obligation or settle the debt of whom?

17.A guarantee that is acquired through false statements made by the creditor, or with the creditor’s awareness and approval, regarding a significant aspect of the agreement is considered __________?

18.A agrees to be liable up to 5000 rupees for the rent collection and payment carried out by C, whom B has appointed to collect rents from B's zamindari. What type of guarantee is this?

19.What type of contract involves one party agreeing to compensate the other for any loss incurred due to the actions of the promisor or a third party?

20.Which chapter of the Contract Act addresses the outcomes resulting from a breach of contract?