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Indian Contract Act, 1872 Practice Test
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The Indian Contract Act of 1872 is a legal framework that regulates contracts in India and is applicable to all states except Jammu & Kashmir. It was first published on April 25, 1872, and has 266 sections. The act is based on English Common Law and has been amended several times to keep up with changing economic conditions.  The act defines a contract as an agreement that is enforceable by law. It also defines an agreement as every promise and every set of promises that form the consideration for each other. A valid contract is formed when certain essential elements are present,... Show more
Indian Contract Act, 1872 Practice Test
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25 Questions

1. A contracts to let his ship to B for a year, from the first of January, for a certain price. Freights rise, and, on the first of January, the hire obtainable for the ship is higher than the contract price. A breaks his promise. He must pay to B, by way of compensation, a sum equal to the difference between the contract price and the price for which B could hire a similar ship for a year on and form the first January.
2. Where the law is codified, it is of little avail enquire what is the law apart from such codification. The code itself must be looked to as the guide in the matter. This refers to which of the following cases:
3. A contract between a debtor and a creditor that the debtor should sell and the creditor should accept any property in satisfaction of the debt, may operate, in which of the following ways?
4. The liability of the surety:
5. Which of the following deals with agreement in restraint of marriage void in the Indian Contract Act, 1872?
6. A and B contract that B shall execute some work for A for a thousand rupees. B is ready and willing to execute the work accordingly, but A prevents him from doing so.
7. The principle of unjust enrichment could not give a right to the state to recover or realise vend fee after the statue has been struck down. In which of the following cases it was upheld?
8. A employs B to beat C, and agrees to indemnify him against all consequence of the act. B thereupon beats C, and to pay damages to C for so doing.
9. Which of the following deals with agreement to do impossible act in the Indian Contract Act, 1872?
10. Section 41 of the Indian Contract Act applies to cases of:
11. Section 74 of the Indian Contract Act, 1872 requires proofs of:
12. A is employed by B, residing in London, to recover at Bombay a debt due to B.
13. A guarantee caused but the misrepresentation may be in­valid if the misrepresentation has been effected by a third party with the creditor’s knowledge or assent. The guar­antee may, therefore be affected by the misrepresentation by the principal-debtor, or a third party on the grounds of:
14. An agreement by way of wager under section 30 is:
15. According to UN Draft Convention on Independent Guarantees and Stand-by Letters of Credit, the guarantor may refuse payment under the guarantee if the demand is improper. A demand may be improper if:
16. A contract is not frustrated:
17. Although there may be apparent consent to the terms between the parties, real consent may not be found, hence agreement is negative in which of the following situations?
18. A sum fixed before hand as amount of compensation payable in the event of breach of contract is called:
19. Which of the following Amendment Acts inserted Section 19A into the Indian Contract Act?
20. A promises to pay B 1,000 rupees at the end of the six months. If C, who owes that sum to B, fails to pay it. B promises to grant time to C accordingly. Here, the promise of each party is the consideration for the promise of the other party.
21. The subject-matter of Section 8 of the Indian Contract Act, 1872 is divided in to:
22. What are the conditions for the application of the S. 235 of the Indian Contract Act?
I. The agent has made an untrue representation that he is authorised agent of another (which may also be a representation as to the extent of authority of the agent)
II. The representation relates to fact
III. The third party has been misled or induced to deal with the agent on the faith of such representation
IV. The principal has repudiated or refused to ratify the transaction
V. The third party has suffered a loss in consequence
23. A is employed by B by buy from C certain goods, of which C is the apparent owner, and buys them accordingly. In the course of the treaty for the sale. A learns that the goods really belonged to D, but B is ignorant of that fact.
24. Which of the following deals with liability of co-sureties bound in different sums in the Indian Contract Act, 1872?
25. Section 135 of the Indian Contract Act, 1872 deals with:

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