Contract Law Quiz
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Questions and Answers

What is the definition of a contract?

  • An agreement which is enforceable by law (correct)
  • An agreement which is in writing
  • An agreement which is not enforceable by law
  • An agreement which creates social obligation

In which section of the Indian Contract Law is 'undue influence' defined?

  • Section 15 (correct)
  • Section 14
  • Section 16
  • Section 13

What forms reciprocal promises according to the Indian Contract Law?

  • Promises which form the consideration for each other are reciprocal promises (correct)
  • Both (a) and (b)
  • An agreement enforceable by law is a reciprocal promise
  • None of them

Where is the definition of 'fraud' found in the Indian Contract Law?

<p>Section 17 (D)</p> Signup and view all the answers

On what legal basis is the Indian Contract Law founded?

<p>English law (B)</p> Signup and view all the answers

What is the definition of acceptance of a proposal according to Section 2(b) of the Indian Contract Law?

<p>Promise (C)</p> Signup and view all the answers

When the consent of a party to a contract has been obtained by undue influence, fraud, or Misrepresentation, what is the status of the contract?

<p>Voidable (B)</p> Signup and view all the answers

Which section defines joint rights in a contract?

<p>Section 42 (B)</p> Signup and view all the answers

What is the status of a voidable contract if it is not avoided?

<p>Are enforceable by law if they are not avoided (C)</p> Signup and view all the answers

In which section is a contingent contract defined?

<p>Section 33 (B)</p> Signup and view all the answers

Under which section is an agreement void for uncertainty defined?

<p>Section 26 (B)</p> Signup and view all the answers

Where is an agreement in restraint of marriage, void defined?

<p>Section 29 (A)</p> Signup and view all the answers

What is the status of all illegal agreements?

<p>Are void (C)</p> Signup and view all the answers

What characterizes a void agreement?

<p>Is not void ab-initio (B)</p> Signup and view all the answers

In which section is free consent defined?

<p>Section 14 (C)</p> Signup and view all the answers

In which section are promises, express and implied defined?

<p>Section7 (A)</p> Signup and view all the answers

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