India Mcqs

Judiciary and Law MCQ's

What is pledge:

A.The bailment of goods as security for payment of a debt or performance of a promise

B.The delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the direction of the person delivering them

C.A contract by which one party promises to save the other from loss caused to him by the contract of the promisor himself, or by the conduct of any other person

D.A contract to do or not to do something, if some event, collateral to such contract, does or does not happen

The mother owes Rs. 10,000 to her daughter. But the Limitation Act has barred this debt. The mother signs a written promise to pay Rs. 3,000 on account of the debt. In this case which one of the following is correct?

A.There is no contract as the debt is already barred by limitation and so it cannot be revived by a subsequent promise

B.There is no contract because the mother has promised to give only a part of the debt

C.This is a contract because there is a natural love and affection relation and the promise is in writing and signed

D.This is enforceable against the mother because such a promise is valid and binding under the Indian Contract Act

One of the basic principles of the common law of contract is:

A.“That the parties to a contract are free to determine for themselves what primary obligations they will accept

B.”That the parties can claim damages for breach of contract”

C.”That the parties can decide for themselves what restitutionary relief they can give to the other”

D.None of the above