Lawful object & void agreements 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?

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.

'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:

A person cannot be relieved from a contract which he knows to be unlawful under the:

A, a cultivator of green tea, agrees with B that he would not grow tea for a period of five years in consideration of which B agrees to pay him Rs. 25,000/-

agreement not enforceable by law is :

An agreement not enforceable by law is :

Principle : If any person enters into wagering or betting agreements, such agreements would be illegal and cannot be given effect for enforcing obligations. Fact : Akbar enters into an agreement with Birbal that if he pays Akbar a premium of Rs.500 per annum and Birbal's house is devastated by fire within one year of entering into the agreement, Akbar shall make good the loss suffered by Birbal.