1872 Contract Act – MCQs

84 questions. Click to practice.

Correct options are highlighted when revealed.

1.Which section of the Contract Act addresses the enforcement of contracts that depend on the non-occurrence of a specific event?

2.A enters into an agreement with B to purchase B's horse on the condition that A survives C. Under which circumstance is this contract not legally enforceable?

3.What is the legal status of agreements that depend on impossible conditions?

4.What is the term for an agreement that requires performance or non-performance based on the occurrence or non-occurrence of an external event related to the contract?

5.What is the legal status of an agreement made without any consideration?

6.If both parties involved in a contract are mistaken about a factual matter, the contract is considered to be ______________?

7.What is the legal effect of a mistake of fact on a contract?

8.A’s son has fraudulently signed B’s name on a promissory note. Under the threat of legal action against A’s son, B obtains a bond from A for the amount stated in the forged note. If B initiates a lawsuit based on this bond, what is the likely outcome?

9.What term describes the act of presenting false information knowingly without belief in its truth, or deliberately hiding a fact by someone aware of its existence?

10.What effect does undue influence have on the validity of a contract?

11.What does the term “Coercion” signify?

12.What is the meaning of the term "Consent"?

13.How does the law regard a contract entered into by a person declared insane?

14.Which type of consideration and object must agreements have, along with free consent and competent parties, to be considered valid contracts?

15.At what point can an offer be withdrawn by the offeror?

16.Under which section of the Contract Act 1872 can a proposal be withdrawn?

17.A sends a letter to B offering to sell a house. At what point is the communication of this offer considered complete?

18.What do we call a contract that can be legally enforced at the discretion of one or more parties involved, but not necessarily by all parties?

19.What is the term for an agreement that has no legal enforceability?

20.What is meant by the term 'Reciprocal Contracts'?