INDIAN CONTRACT ACT MCQ FOR CSEET - 2023 PART 2

1. In an executed contract, the obligation of ________:
(a) both the parties have been fulfilled
(b) both the parties are outstanding
(c) obligation of one party is outstanding
(d) none of these
Answer: (a)
2. A contract with or by a minor is a:
(a) valid contract
(b) void contract
(c) voidable contract
(d) voidable at the option of either party
Answer: (b)
3. The term consideration is defined in __ section of the Indian Contract
Act, 1872.
(a) 2(a)
(b) 2(d)
(c) 3(a)
(d) 2(h)
Answer: (b)
4. An agreement by way of wager under section 30 is:
(a) void
(b) voidable
(c) valid
(d) unenforceable
Answer: (a)
5. A contingent contract:
(a) is void
(b) never becomes void
(c) becomes void when the event becomes impossible
(d) is voidable
Answer: (c)
6. A quasi contract lacks:
(a) agreement
(b) consent
(c) both
(d) none of these
Answer: (c)
7. An agreement & contract are one and same thing:
(a) True
(b) False
Laws of Contracts 37
(c) Depends on the situation
(d) None of these
Answer: (b)
8. Two persons have the capacity to contract:
(a) If both are not of unsound mind
(b) If none is disqualified from contracting by any law to which he is subject
(c) If both have attained the age of maturity
(d) All of the above
Answer: (d)
9. A minor is a person who has not attained the age of:
(a) 15 years
(b) 18 years
(c) 21years
(d) 25 years
Answer: (b)
10. A contract can be performed by:
(a) promisor himself
(b) agent of the promisor
(c) legal representative of the promisor
(d) either of these three
Answer: (d)
11. The term “Quid Pro Quo” is applied in connection with:
(a) capacity of the parties
(b) consideration
(c) free consent
(d) legality of object
Answer: (b)
12. In a contract not specifying the time for performance, the promisor can
perform the contract:
(a) immediately
(b) within the shortest time
(c) within a reasonable time
(d) within next 21days
Answer: (c)
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