The mode of communicating or revoking recession of voidable contract will be according to which Section of the Indian Contract Act, 1872?
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A.Section 64
B.Section 65
C.Section 66
D.Section 67
Judiciary and Law MCQ's
The surety stands discharged
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A.By revocation
B.By death
C.By variance in terms of the contract without his consent
D.In A, B & C above
S, a singer, enters into a contract with W, the owner of a theatre to sing at his theatre on Mondays and Tuesdays every weak. Before S could begin her performance the theatre was completely destroyed in an earthquake. The contract
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A.Must be performed
B.Must be performed at any other place of W
C.Is discharged by impossibility of performance
D.Must be performed in future when the hall is renovated
Novation of a contract under Indian Contract Act, means:
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A.Cancellation of contract
B.Alteration of the contract
C.The renewal of original contract
D.Substitution of a new contract in place of original contract
Read Assertion (A) and Reason (R) and give the correct answer with the help of given below: Assertion (A): Acceptance is to offer what a lighted match is to a train of gunpowder. Reason (R): Acceptance cannot be separated from offer.
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A.(A) is true but (R) is false
B.(A) is false but (R) is true
C.Both (A) and (R) are true, and (R) is the correct explanation of (A)
D.Both (A) and (R) are true but (R) is not the correct explanation of (A)
Satyabrat Ghose v. Mangneeram Bangur (1954 SC) is a case on
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A.Minor’s contract
B.Consideration
C.Frustration
D.Contingent contract
Consider the following statements: 1. A contract formed by coercion and undue influence is vitiated and voidable at the option of the party whose consent is so obtained. 2. A contract formed, where both the parties are under mistaken notion about the existence of the subject matter, is void. Which of the statements given above is/are correct?
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A.1 only
B.2 only
C.Both 1 and 2
D.Neither 1 nor 2
Every promise and every set of promises forming the consideration for each other is
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A.An agreement
B.An acceptance
C.An offer
D.A contract
Contract Act- A contract of life insurance is a
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A.Contingent contract
B.Wagering contract
C.Contract of indemnity
D.Contract of guarantee
A partnership firm consists of three partners 'A', 'B' & 'C', and owes 'R' sum of Rs. 15,000. 'A' wants to retire and it is agreed amongst all the three partners and 'R' that after retirement of 'A', 'B' & 'C' as continuing partners shall be liable for the dues of 'R'. After the retirement of 'A', 'R' sues 'A' for recovery of Rs. 15,000.
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A.R’ has an option to sue the firm consisting of ‘B’ & ‘C’ or the retired partner ‘A’
B.R’ has a right to sue ‘A’ to the extent of Rs. 5000 being the portion attributable to ‘A’
C.R’ has no right to sue ‘A’ as after the retirement of ‘A’ a new agreement came into being between ‘R’ & the firm and ‘A’ stood discharged of his liability towards ‘R’
D.’R’ can sue the firm consisting of ‘B’ & ‘C’ alongwith ‘A’ as liability of all the partners is joint & several