Details of this Paper

PAPER 3: FUNDAMENTALS OF LAWS AND ETHICS 50_MCQ part 4

Description

solution


Question

Question;1.;TheexceptionstotheruleA;strangertoa con;tractcannotsueare;(a) Beneficiariesinthecaseoftrust;(b) Familysettlement;(c) Assignmentofcontract;(d) All theabove;2.;Astrangertoa;consideration;(a) Canfilea suit;(b) Cannotfileasuit;(c) Canfile,onlywithconsentofcourt;(d) Issimilartostrangertoacontract;3.;Astrangertoacontract;(a) Canfilea suit;(b);Canfileasuitonlywithpermissionofcourt;(c);Canfileasuit,ifcontract;isinwriting;(d);Cannotfileasuit;4.;Theinadequacy of considerationmaybetakenintoaccountby the;court;(a) Indeterminingthequestion;whethertheconsentofthepromisorwasfreely;given;(b) Alwaysinallthecases;(c) Whenthepartiescomplain;(d) Whenthepromisorhasnotperformed;hispromise;5.;Considerationinacontract;(a) Maybepresent;only;(b) Maybepastandpresentonly;(c) Maybefuturisticonly;(d) Maybepast,present;andfuture;6.;Anagreementnotsupported by considerationiscalled;(a) Consensusadidem;(b) Ignoratiajurisnonexecuset;(c) Abimits;(d) NudumPactum;7.;Whichoneofthefollowing is;thecorrectstatement;(a) Strangertoconsiderationcontractsue;(b) Strangertoconsiderationcanfileasuit;(c) Strangertoconsiderationisstrangertocontract;(d) Strangertoconsiderationcannotbepartytothecontract;8.;Considerthefollowingstatements:Considerationis;1.;Amotiveforanypromise;2.;Apriceforanypromise;3.;Onlyamoralobligation;4.;Something ofvalueintheeyeoflaw;Ofthesestatements;(a) 1,2and3arecorrect;(b) 1and4arecorrect;(c);2and4arecorrect;(d);3aloneiscorrect;9.;Pastconsiderationmeans;(a) Moneyreceived;inthepastwithout;makingevenaproposal;(b) Thepricewhichismorethanthepromisee'sexpectation;(c) Apastactdonebeforethepromise;ismade;(d) Noneoftheabove;10.;Anagreementwithoutconsiderationisvoid except;incaseof compensationfor;(a) Voluntaryservicesrendered;(b) Voluntaryservicesrenderedattherequestoftheotherpartytotheagreement;(c) Voluntaryservicesrenderedattherequestofthirdperson;(d) Reimbursementofexpensesincurred;11. Acontractwithoutconsiderationisvoid.Thereareexceptions.Whichoneofthefollowing;ex-ceptionsiscorrect?;(a) Promisetopaydisputeddebt;(b) Promisetopaytime-barred;(c) Promisetopaytime-barreddebtwhichisinwritingandsigned;(d) Promisetopayanydebt;12.;Whichoneofthefollowingstatementsisincorrectwithregardtonatureofa validconsideration?;(a) Considerationmustbe adequate;(b) Considerationmustbereal;(c) Considerationmaybepast,presentorfuture;(d) Considerationmustmoveatthedesireofpromisor;13.;Whichoneofthefollowingstatementsaboutthedoctrine;of privityiscorrect?;(a) Onlyapartytothecontractcansue;(b) Strangertoacontract;cannotsue;(c) Acontractisenforceablebyastranger;(d) Both(a)&(b);14. 'Considerationistheprice forwhichthepromiseofthe;otherisbought,andthepromisethusgivenforthevalueisenforceable.'Thisdefinitionofconsiderationis;(a) ByPollock;(b) ByJusticePatterson;(c) ByCheshireandFifoot;(d) Insection2(d)oftheContract;Act;15. When'atthedesireofthepromisor;thepromiseeoranyotherpersonhasdoneorabstainedfromdoing or;doesorabstain;from doing something'-;suchactorabstinenceorpromiseiscalled;(a) Agreement;(b) Contract;(c) Consideration;(d) Proposal;16.;Anagreementwithoutconsiderationis;(a) Void;(b) Illegal;(c) Voidable;(d) Enforceable;17.;InIndia,a personwhoisstranger tothe consideration;(a) Cansueonthecontract,ifheisaparty;(b) Cannotsuethecontract;(c) Dependsontheparties;(d) Dependsonthecircumstances;18. Whenoneof theparties;tothecontracthas performeditspartofthe promisewhich constitutestheconsiderationforthepromise;by theotherside,itisknownas;(a) Pastconsideration;(b) Executedconsideration;(c) Executoryconsideration;(d) Futureconsideration;19.;Whichofthefollowingstatementregardingpastconsiderationisincorrect;(a) Itisdonebeforemakingtheagreement;(b) Apastconsiderationisvalid;(c) Itisdonewiththe makingofthecontract;(d) Noneoftheabove;20.;Pastconsiderationmeans;(a) Considerationandpromiseshouldmovetogether;(b) Executedconsideration;(c) Considerationisprovidedpriortothemakingofthecontract;(d) Invalidconsideration;21.;Anexecuted considerationis;(a) Anactofmutualexchange;ofpromises;(b) Anactdoneintheexpectationofaproposal;(c) Anactdonebyonepartyaspartofhispromise;(d) Pastconsideration;22.;Anexecutory considerationis;(a) Aconsiderationpromisedbytheexecutiveofacompany;(b) Apromiseyettobeperformedbyboththeparties;(c) Liabilityisoutstandingonboththesides;(d) Both(b)&(c);23.;InIndianLawconsiderationmusthavebeendoneatthedesireofthepromisor;ifitisdoneattheinstanceofa;thirdparty orwithout;thedesireofthepromisor;itis;(a) Consideration;(b) Notconsideration;(c) Offer;(d) Promise;24.;PrenderssomeservicetoDatD'sdesire.;AfteramonthDpromises;tocompensatePfortheservice;rendered tohim,itisa;(a) Presentconsideration;(b) Pastconsideration;(c) Futureconsideration;(d) Noneofthese;25.;Whereconsiderationisillegal;orphysically impossible,uncertainorambiguous,itshallnotbe;(a) Transferablebylaw;(b) Unenforceablebylaw;(c) Enforceablebylaw;(d) Noneofthese;26. WhichsectionofIndianContractActdeclaresthatanagreementmadewithoutconsiderationisvoid?;(a) Section23;(b) Section24;(c) Section25;(d) Section26;27.;Apromisenotsupported;byconsiderationiscalled;a;(a);Proposal;(b);Acceptance;(c);Agreement;(d);Nudumpactum;28.;Apromisetopayatime-barreddebtmustbe;(a) Oral;(b) Writtenandsigned;(c) Registered;(d) Writtenandregistered;29.;Whichofthefollowingstatementisincorrect;(a) Considerationmustbereal;(b) Performanceofexistingobligationisnoconsideration;(c) Forbearancetosueisgoodaconsideration;(d) Agreementswithoutconsiderationarealwaysvoid;30.;Apromisetopayatimebarreddebtisenforceable,ifsomeconditionsarefulfilled.Whichofthefollowingconditionsisnotrequired?;(a) Itmustbesignedbythepromisor;(b) Itmustbedefiniteandexpress;(c) Itmustbeinwriting;(d) Itmustberegistered;31.;Amancannotacquire;rightsunderacontracttowhichheisnotaparty.Whichoneofthefollowingisnotanexception;tothisrule;(a) Beneficiariesundertrust;(b) Familysettlement;(c) Gift;(d) Assignmentofrights;32.;Apersoniscompetent;tocontractif;(a) HehasaPANCardnumber;(b) HehasaRationCardnumber;(c) Hefulfillstheconditionsofsec.11;(d) Heisagraduate;33.;Capacity;tocontracthasbeendefined;in;(a) Section10;(b);Section11;(c);Section12;(d);Section25;34.;Whichofthefollowingisnotcompetenttocontract?;(a) Aminor;(b) Apersonofunsoundmind;(c) Apersonwhohasbeendisqualifiedfromcontractingbysomelaw;(d) Allofthese;35.;Twopersonshave;thecapacity tocontract;(a) Ifbotharenotofunsoundmind;(b) Ifnoneisdisqualifiedfromcontractingbyanylawtowhichheissubject;(c) Ifbothhaveattainedtheageof;maturity;(d) Alloftheabove;36.;Fornecessariessupplied toaminor;(a) heispersonallyliable;(b) hisparents;areliable;(c) hisestateisliable;(d) thecontractisvalidunderIndianlaw;37.;Aminorisa person;whohasnotattained;theageof;(a) 15 years;(b) 18 years;(c) 21 years;(d) 25years;38.;Anagreementwithaminoris;(a) Void;(b) Voidable;(c) Valid;(d) Illegal;39.;Acontractforthebenefit;of theminoris;(a) Valid;(b) Void;(c) Voidable;(d) Illegal;40.;Amarriedwomanisundernodisability;asregardscapacity;tocontract;(a);underEnglishlawonly;(b);underIndianlawonly;(c);underbothEnglishandIndianlaws;(d) forluxury;only;41.;Anagreemententered;intoby aminoris;(a) Validandbinding;(b);Voidableattheoptionoftheminor;(c);Voidabinitio;(d);Voidableattheoptionofeither;party;42.;A minor enters into;agreement;representing himself to;be;a;major consider;the followingstatement;1.;Minorcommits;fraud iftheotherparty;doesnothave personal;knowledgeof hisage;2.;Suchagreement;isnotenforceable;3.;Thedoctrineofestoppel;doesnotapply in;minor'scase;4.;Otherparty isentitled;togetback thebenefitpassed tominor;ifinnocentabout;hisageWhichofthe statementsgivenabovearecorrect?;(a) 1,3and4;(b) 2and3;(c) 1,2and4;(d) 2 and4;43. Misaminor,B,theborrower;approachesMforaloanonthebasisofamortgage;ofthehouseownedbyB.Hence,Madvances;themoneyandBexecutedamortgageinfavourofM,aminor.;Inthesecircumstances;(a) ThemortgageisnotenforceablebyM,because;heisaminor;(b) Themortgageisenforceablebutonlywhenheattainsmajority;(c) ThemortgageisenforceablebyMeventhoughheisminor;(d) Noneofthese;44.;Whenaminor;hasbeensupplied;withnecessariesincredit;(a);The minorisnotliable;(b);Theminor'sproperty'isliable;(c);The minorispersonallyliable;(d);The minorisliableathisoption;45.;AsuppliesB,a;lunatic,withnecessariessuitable;tohisconditioninlife.Ais;(a) NotentitledtobereimbursedfromB'sproperty;(b) EntitledtobereimbursedfromB'sproperty;(c) Personallyliable;(d) Noneofthese;46.;Whenapersonincurredexpensesof`5000forthenecessariessuppliedtotheminor;hecanrecover;thesaid amountfrom;the;(a) Minorpersonally;(b) Propertyoftheminor;(c) Propertyofhisguardian;(d) Noneofthese;47.;TheprincipleofEstoppelcannotbeappliedagainst;aminorsince;(a) Hehasnosoundmind;(b) Hehasnoprivilegetocheatpersonsbymakinganyrepresentation;(c);Hemaybeinducedbydishonesttraderstodeclareinwritingthatheisamajoratthetimeofenteringintoacontract;(d) Hehasnotattained;theageofmaturity;48.;Aconvictwhenundergoing imprisonment;(a) Iscapableofentering;intoacontract;(b) Isincapableofenteringintoacontract;(c) Iscapableofenteringintoacontract;ifitispermittedbythecourt;(d) Noneofthese;49.;ApersonwhoisnotanIndiancitizenisanAlien.Contractswithanalienfriend;subjecttocertainrestrictionsare;(a) Void;(b) Unenforceable;(c) Valid;(d) Invalid;50.;Aminor'sagreement;isvoid. Thiswasheldincaseof;(a) MohoriBibeev.DharmodasGhosh;(b) NihalChandv.Mr.JanMohornedKhan;(c) SurajNarainv.SukhuAheer;(d) Noneofthese

 

Paper#59032 | Written in 18-Jul-2015

Price : $22
SiteLock