Important MCQs of Contract Act 1872 Fully Solved

We are providing Important MCQs of Contract Act 1872 Fully Solved. Contract Act 1872 is a subject of LL.B Part 1. The basic objective behind these Important MCQs of Contract Act 1872 is to prepare the students for the different examinations like LAW GAT, LAW Entry Tests, ADPP, Civil Judge and Additional Judge examinations. These Important MCQs of Contract Act 1872 are available in a fully solved format and these are very often required when someone is preparing for Judiciary examination or similar other papers.

These MCQs of Contract Act 1872 are based on the different basic concept of Contract Law, Relationship between Saler and Buyer, many theoretical concepts. MCQs of Contract Act 1872 also includes the various concepts of valid and void agreements, essential of a valid and legal contract, and various mistakes that happened during a contract. Also, you will find many definitions, meanings and other related material in these MCQs of Contract Act 1872.

You can also learn more about the MCQs of other Subjects like PPC, Sales of Good Act, Criminal Law, English Jurisprudence and other related subjects.

So let’s have a look at the Important MCQs of Contract Act 1872.

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In the formation of a contract, the essential requirement is that

A. there should be a consensus between the contracting parties
B. there must be a definite proposal by one party to other
C. unqualified acceptance by the other party
D. all of the above

Types of proposal/offer are

A. specific
B. general
C. both A & B
D. none of above

Modes for communication of proposal are

A. by words
B. by conduct
C. both A & B
D. none of above

Revocation of proposal is

A. withdrawal by the offeree of an offer
B. actor instance of annulling by recalling or taking back
C. any time before the communication of its acceptance is complete
D. all of the above

What are the Modes of revocation?

A. notice of revocation
B. by lapse of time
C. failure to fulfill the conditions
D. all of the above

What are the Essentials of consideration under common law?

A. it must be real/genuine
B. it need not be adequate
C. both A & B
D. none of above

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Section 10 of the Contract Act 1872, lays down the essentials of a valid agreement

A. True
B. False

Consent is said to be an unfree consent when it is caused by

A. Coercion
B. undue influence
C. fraud
D. all of the above

Coercion means compulsion, constraint, compelling by force of arms or threat.

A. True
B. False

What are the different kinds of mistake?

A. mistake of law
B. mistake of fact
C. both A & B
D. none of above

Effects of unilateral mistake are?

A. valid contract
B. voidable contract
C. void agreements
D. all of the above

Effects of mistake of law are?

A. mistake of Pakistani law
B. mistake of foreign law
C. mistake of private rights
D. all of the above

Kinds of wagers are?

A. speculative transactions
B. collateral transactions
C. lottery
D. all of the above

The term “Novation” is derived from “novatio” coming from 32. the Roman law.

A. True
B. False

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A continuing guarantee is termed as?

A. open guarantee
B. guarantee that governs a course
C. both A & B
D. none of above

Indemnity means a promise to save another harmless form loss caused as a result of a transaction entered into the instance of the promisor.

A. True
B. False

Raza invites his friend Kamran to a dinner at his house. Kamran accepts the invitation. It is a

A. legal agreement
B. void agreement
C. social agreement
D. none of above

A father promises his son to pay him Rs. 2,000/- as pocket money

A. social Agreement
B. domestic agreement
C. legal agreement
D. none of the above

I want to purchase this car. This is a?

A. offer
B. promise
C. statement
D. none of above

Consideration is the price of which a promise is bought

A. True
B. False

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