Chapter wise MCQ Set-1
Objective Questions of Law of Contract are given below: –
Questions: –
1. The Indian Contract Act came into force on-
(a) 1st October, 1872
(b) 15th October, 1872
(c) 1st September, 1872
(d) 19th April, 1872
2. The starting point of an agreement is:
(a) Offer
(b) Invitation to offer
(c) Advertisement
(d) Acceptance
3. How many total Chapters, Sections and Parts in the
Indian Contract Act?
(a) 11 Chapters, 266 Sections, and no Parts
(b) 12 Chapters, 266 Sections, and 1 Part
(c) 13 Chapters, 269 Sections, and 1 Part
(d) 11 Chapters, 266 Sections, and 2 Parts
4. ‘Offer’ or ‘Proposal’ is defined in Indian Contract Act in:
(a) Section 2(a) (b) Section 2(b)
(c) Section 2(d) (d) Section 2(e)
5. A proposal as defined under Section 2(a) of the Indian Contract Act, 1872, is:
(a) Communication from one person to another
(b) Suggestion by one person to another
(c) Willingness to do something
(d) Willingness to do or abstain from doing an act in order to obtain the assent of other thereto
6. Which one of the following is explicitly stated in Section 2(b) of the Indian Contract Act 1872?
(a) A proposal, when accepted becomes a promise
(b) A proposal, when accepted become a contract
(c) A proposal, when accepted becomes an agreement
(d) A proposal, when accepted becomes assurance
7. The following rules as to consideration is true:
(a) It must be adequate
(b) Must move at the desire of the promisor
(c) It must be present or future
(d) It must move at the desire of the promisee
8. Which of the statements as to consideration is not correct:
(a) It may be past also
(b) It need not be adequate
(c) Stranger to it cannot sue
(d) It must be real
9. Choose the correct statement:
(a) An agreement not enforceable by law is said to be void
(b) An agreement enforceable at the option of one
party and not at the option of the other is said to be voidable
(c) An agreement which is legal may be void
(d) An agreement enforceable at the option of one party is void
10. Which one of the following ingredients is not necessary for a contract?
(a) Proposal
(b) Acceptance
(c) Consideration
(d) Property
11. The law of contract essentially determines the circumstances in which–
(a) A contract is a tort and crime
(b) A promise may not be made
(c) A promise may be made
(d) A promise shall be legally binding on the
promisor
Answer: –
- C
- A
- A
- D
- A
- B
- C
- A
- D
- D
- A
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