Law of Contract MCQs with Answers

An agreement in connection with horse racing for a prize of five hundred rupees or upwards under Section 30 of the Indian Contract Act, 1872 is

Under the Indian Contract Act, 1872, which of the following is incorrect?

Under the Indian Contract Act, 1872, there may be a contract without consideration if

Under the Indian Contract Act, 1872, which of the following statements is incorrect?

Which of the following is not an agreement in restraint of trade?
I. A sells the goodwill of his business with an agreement not to carry on a similar business within specified local limits, so long as the buyer carries on a similar business.
II. A sells the goodwill of his business with an agreement not to carry on a similar business within India, so long as the buyer carries on a similar business.
III. A sells the goodwill of his business with an agreement not to practice the same trade for 25 years.
IV. A sells the goodwill of his business with an agreement not to engage in any business competing or liable to compete in any way with the business for the time being carried on by the buyer.

'X' agreed to supply 1,000 tons of iron at Rs. 100 per ton to 'Y' to be delivered not later than 31/1/2002. 'X' also entered into a contract with 'A' for purchase of 1,000 tons of iron at Rs. 80 per ton telling 'A' clearly that the iron is needed before 31/1/2002 for supply to 'Y' to fulfil the contract with Y. 'A' fails to supply the iron to 'X' who in turn failed to supply the same to 'Y'. In an action by 'X' against 'A':

'P', an advocate, was engaged by 'Q' for a fee of Rs. 2,000/- to argue his appeal in the High Court. On the day of hearing, 'Q' agreed to pay him an additional sum of Rs. 10,000/- if he argues the case well:

Under the Indian Contract Act, 1872, match List I with List II:

The concept that says unfair or unconscionable contracts or clauses should not be enforced is known as:

A issued a cheque to B towards repayment of a five-year-old demand promissory note, and the cheque was dishonoured. Relying on the cheque as a fresh written promise under Section 25(3) of the Indian Contract Act, 1872, B filed a money suit on the cheque as well as a complaint case under Section 138 of the Negotiable Instruments Act, 1881.