Business Law 121. The Law of Contract in India is contained in
Indian Contract Act 1862 Indian Contract Act 1962 Indian Contract Act 1872 Indian Contract Act 1972 View answer Correct answer: (C)
122. In case of illegal agreements the collateral agreements are
Valid Contract Void Contract Voidable Contract None of these View answer Correct answer: (B)
123. Consideration must move at the desire of:
Promisor Promisee Any other person Any of these View answer Correct answer: (A)
124. A minor's liability for 'necessaries' supplied to him
Arises after he attains majority age Is against only minor's property Does not arise at all Arises if minor gives a promise for it View answer Correct answer: (B)
125. When the consent of a party is obtained by fraud, the contract is
Void Voidable Valid Illegal View answer Correct answer: (B)
126. An agreement is void if it is opposed to public policy. Which of the following is not covered by heads of public policy.
Trading with an enemy Trafficking in public offices Marriage brokerage contracts Contracts to do impossible acts View answer Correct answer: (D)
127. A, B and C jointly promised to pay Rs.6000 to D. Before the performance of the contract, C dies. Here the contract;
Becomes void on C's death Should be performed by A and B along with C's legal representatives Should be performed by A and B alone Should be renewed between A, B and D View answer Correct answer: (B)
128. In case of breach of contract, which of the following remedy is available to the aggrieved party?
Suit for recission Suit for damages Suit for specific performance All of these View answer Correct answer: (D)
129. A agrees to pay Rs.1,00,000 to B if he brings a star from the sky. This is a contingent contract and
Illegal Valid Voidable Void View answer Correct answer: (D)
130. In the above question, the communication of acceptance is complete against A on 28th Dec.1998 and against B on;
25th Dec.1998 27th Dec.1998 28th Dec.1998 30th Dec.1998 View answer Correct answer: (D)