MULTIPLE CHOICE QUESTIONS ON CONTRACT LAW
1. According to the Indian Contract Act of 1872, a minor’s agreement is:
A) Always valid
B) Voidable at the option of the minor
C) Void
D) Enforceable by the minor’s legal guardian
2. Consideration is defined under Section _____ of the Indian Contract Act.
A) Section 10
B) Section 23
C) Section 25
D) Section 37
3. Which of the following contracts must be in writing according to the Indian Contract Act?
A) Contract of indemnity
B) Contract of agency
C) Contract of partnership
D) Contract for the sale of immovable property
4. A contract becomes void if it is:
A) Enforceable by law
B) Valid in the eyes of the law
C) Enforceable by the consent of the parties
D) Impossible to perform
5. An agreement without consideration is:
A) Valid
B) Void
C) Voidable
D) Enforceable by law
6. The period within which a suit must be filed to enforce a written contract is _____.
A) 1 year
B) 3 years
C) 5 years
D) 7 years
7. Which section of the Indian Contract Act deals with contingent contracts?
A) Section 25
B) Section 32
C) Section 37
D) Section 42
8. An agreement in restraint of trade is:
A) Valid under all circumstances
B) Valid if reasonable
C) Always void
D) Voidable by one party
9. When does a proposal become a promise according to the Indian Contract Act?
A) When it is accepted
B) When consideration is provided
C) When it is made in writing
D) When it is communicated
10. Which of the following is not an essential element of a valid contract?
A) Offer and acceptance
B) Competency of parties
C) Free consent
D) Registration
ANSWERS
- c
- b
- d
- d
- b
- b
- b
- c
- a
- d
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