CA Foundation · Accounting & Mercantile Law
Indian Contract Act 1872: Essentials and Contingent Contracts
6 practice questions, each with the answer and an explanation.
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Random questions from this topic, one at a time. You see the answer and the explanation straight after each one.
All 6 questions
- Under Section 2(h) of the Indian Contract Act, 1872, a contract is legally defined as:
- A contract to pay ₹1,00,000 if a merchant vessel does not return within one year is an example of:
- Which of the following agreements is expressly declared to be void under the Indian Contract Act, 1872?
- What is the legal effect of a contract entered into under coercion (Section 15)?
- Under the Doctrine of Quantum Meruit (meaning 'as much as earned'), a party is entitled to reasonable compensation when:
- A owes B ₹10,000. C, a third party, pays B ₹8,000 in full satisfaction of A's debt, which B accepts. B later sues A for the remaining balance of ₹2,000. Will B succeed?
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