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Under section 41 of contract act, when a promisee accepts performance from a third person, he afterwards:

 

Select correct option: 

 Can enforce it against promisor

 Can not enforce it against promisor

 Can not enforce it against third person

 Can enforce it against both promisor and third person

 

A pledge can also be called a/an __________.

 

Select correct option: 

 Bailment

 Guarantee

 Indemnity

 Pawn

 Which of the following is NOT a duty of principal in contract of agency?

 

Select correct option: 

 To indemnify the lawful acts

 To pay remunerations

 To render accounts

 To indemnify the acts done in good faith

 In which of the following conditions, the contract is voidable?

 

Select correct option: 

  If one party is minor

 In absence of free consent

 If it is not enforceable at all

 If it cannot become void under any condition

 

 

 Which of the following is not true about Lease?

 Select correct option: 

  It is the right of enjoyment of property

 It is the transfer of ownership of the property

 The transfer of right must be for a stipulated period

 The consideration must be in the form of rent or premium

 Consideration must be moved at the desire of:

 

Select correct option: 

 Promisor

 Promisee

 A third party

 Both promisor and promisee

 

A minor’s agreement is always:

 Select correct option: 

  Void

 Void ab initio

 Voidable

 Valid

 

 

   Which of the following is true about “ordinance”?

 

Select correct option: 

  The ordinance shall originate in the National Assembly 

 The ordinance shall be presented to the senate

 The President can promulgate an ordinance

 A bill when passed by the parliament is called an ordinance

 

An order of court restraining a person from doing a particular act is called _________.

 

Select correct option: 

  Specific performance

 Quantum meruit

 Rescission

 Injunction

 

 

If the condition in a contingent contract is not fulfilled, the contract remains ________.

 Select correct option: 

 Unenforceable

 Not valid

 Void

 Illegal

 

 

 

Mr. A contracts to pay Mr. C Rs. 10000 if Mr. C’s house is burnt. Which type of contract is it? 

 

Select correct option: 

 Absolute contract

 Bilateral contract

 Quasi contract

 Contingent contract

 Question of contractual capacity of parties may arise due to:

 

Select correct option: 

 Unsoundness of mind

 Uncertainty of object

 Worth of consideration

 Oral contract

 

 

  

 

 

A setup established by a Stock Exchange for the registration of dealing in securities or settlement of trading in futures contracts is called:

 

Select correct option: 

  Clearing house

 Stock broker

 Securities and exchange policy board

 Stock commission

 

Which of the following contracts may not be performed personally?

 

Select correct option: 

  To sing a song

 To act in a picture

 To paint a house

 To marry

Any person appointed as chief executive condition of a Non Banking Finance Company by the Securities and Exchange Commission can hold office for a period not exceeding ________.

Select correct option:

One year

Two years

 Three years

Five years not sure

 

 

 

 

According to section 39 of contract act, if promisor refused to perform the contract or disabled himself from performing the contract, what the promisee can do?

 

Select correct option: 

  He must put an end to contract

 He may terminate the contract

 He can not claim compensation

 The contract become void and nothing can be done by promisee

 

 

  

Sale of goods on cash is an example of _____________.

 Select correct option: 

Mutual and independent promises not sure

 Mutual and concurrent promises

 Conditional and independent promises

 None of the given options 

 

 

 

 

 

  

 

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