VVI MCQ of contract act 1872 | Some multiple-choice questions based on the Contract Act 1872

Some multiple-choice questions based on the Contract Act 1872:-

1. Which of the following is not an essential element of a valid contract under the Contract Act 1872? a) Offer and acceptance b) Lawful consideration c) Intention to create legal relations d) Written agreement

2. According to the Contract Act 1872, a contract made by a person who is of unsound mind is: a) Valid b) Voidable c) Void d) Enforceable

3. A contract to do an act impossible in itself is: a) Void b) Voidable c) Valid d) Unenforceable

4. Which of the following is not a valid mode of discharge of a contract under the Contract Act 1872? a) Performance b) Breach c) Novation d) Execution

5. According to the Contract Act 1872, an agreement enforceable by law is known as: a) Offer b) Contract c) Proposal d) Acceptance

6. Consideration under the Contract Act 1872 must be: a) Adequate b) Sufficient c) Valuable d) All of the above

7. Which of the following contracts is not explicitly declared void under the Contract Act 1872? a) Contracts entered into by minors b) Contracts based on fraud c) Contracts that restrain trade d) Contracts for the sale of immovable property

8. A contract made by a minor is: a) Void b) Valid c) Voidable at the option of the minor d) Enforceable only with parental consent

9. According to the Contract Act 1872, a contract with a minor for necessaries: a) Is voidable at the minor's option b) Is void c) Is valid and enforceable d) Is enforceable only with parental consent

10. Which section of the Contract Act 1872 deals with the performance of reciprocal promises? a) Section 56 b) Section 64 c) Section 73 d) Section 122

Answers:

1. d) Written agreement

2. c) Void

3. a) Void

4. d) Execution

5. b) Contract

6. d) All of the above

7. d) Contracts for the sale of immovable property

8. c) Voidable at the option of the minor

9. c) Is valid and enforceable

10. c) Section 73