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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?

Section 17 Signup and view all the answers

On what legal basis is the Indian Contract Law founded?

English law 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?

Promise 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?

Voidable Signup and view all the answers

Which section defines joint rights in a contract?

Section 42 Signup and view all the answers

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

Are enforceable by law if they are not avoided Signup and view all the answers

In which section is a contingent contract defined?

Section 33 Signup and view all the answers

Under which section is an agreement void for uncertainty defined?

Section 26 Signup and view all the answers

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

Section 29 Signup and view all the answers

What is the status of all illegal agreements?

Are void Signup and view all the answers

What characterizes a void agreement?

Is not void ab-initio Signup and view all the answers

In which section is free consent defined?

Section 14 Signup and view all the answers

In which section are promises, express and implied defined?

Section7 Signup and view all the answers