Indian Contract Act 1872 Quiz
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Questions and Answers

What is the age of majority for entering into a contract as per the Indian Contract Act 1872?

  • 16 years
  • 21 years
  • 18 years (correct)
  • 20 years
  • Which of the following is not a type of contract as per the Indian Contract Act 1872?

  • Voidable contract
  • Informal contract (correct)
  • Quasi-contract
  • Unilateral contract
  • In which section of the Indian Contract Act 1872, is the concept of 'Free Consent' defined?

  • Section 14
  • Section 17 (correct)
  • Section 22
  • Section 10
  • What is the maximum number of persons that can be parties to a contract as per the Indian Contract Act 1872?

    <p>Unlimited</p> Signup and view all the answers

    Under the Indian Contract Act 1872, what is the general limitation period for filing a suit for breach of contract?

    <p>3 years</p> Signup and view all the answers

    In which section of the Indian Contract Act 1872, is the concept of 'Coercion' defined?

    <p>Section 15</p> Signup and view all the answers

    Study Notes

    Indian Contract Act 1872

    • The age of majority for entering into a contract is 18 years.
    • A "Wagering Agreement" is not a type of contract as per the Indian Contract Act 1872.
    • The concept of 'Free Consent' is defined in Section 14 of the Indian Contract Act 1872.
    • There is no maximum number of persons that can be parties to a contract as per the Indian Contract Act 1872.
    • The general limitation period for filing a suit for breach of contract is 3 years from the date of breach, as per the Indian Contract Act 1872.
    • The concept of 'Coercion' is defined in Section 15 of the Indian Contract Act 1872.

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    Description

    Test your knowledge of the Indian Contract Act 1872 with this quiz that covers topics such as age of majority for entering into a contract, types of contracts, concepts of free consent and coercion, maximum number of parties to a contract, and limitation period for filing suit for breach of contract.

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