Deck 4: Contract Law and Restitution: Understanding Consideration, Offers, and Obligations

Question 1

A minor's guardian is not liable to the creditor for breach of contract by the minor, if the contract is for __________

A)supply of necessaries
B)supply of non-necessaries
C)supply of services
D)all of the above

Answer 1

all of the above

Question 2

The doctrine of restitution refers to the restoration of property or goods, obtained by false representation. This doctrine is

A)beneficial to minors
B)not applicable to minors
C)applicable to minors
D)none of the above

Answer 2

applicable to minors

Question 3

A consideration in a contract

A)may be any thing
B)nothing in return
C)something in return
D)may be illusory

Answer 3

something in return

Question 4

A consideration may be

A)past
B)present
C)future
D)either (a) or (b) or (c)

Question 5

An agreement not supported by the consideration is called

A)nudum pactum
B)an invalid consideration
C)ab initio
D)namo dat quod non habet

Question 6

The consideration is to be moved sometime after the formation of a contract, it is known as

A)present consideration
B)executory consideration
C)past consideration
D)executed consideration

Question 7

The term privity of contract means

A)stranger to contract
B)contract is private
C)first party to contract
D)second party to contract

Question 8

A proposal may consist of a promise for

A)doing an act
B)abstaining from doing an act
C)either (a) or (b)
D)returning the consideration

Question 9

A offers to sell his car on internet, it is

A)an express offer
B)an implied offer
C)a particular offer
D)no offer

Question 10

The offer which is allowed to remain open for the acceptance over a period of time is known as a/an

A)standing offer
B)specific offer
C)special offer
D)implied offer

Question 11

The offer made to a specific person or group of persons is known as a

A)standing offer
B)specific offer
C)special offer
D)separate offer

Question 12

Terms of the offer must be

A)ambiguous
B)uncertain
C)definite
D)vague

Question 13

When a person invites the other party to make an offer, he is said to make a/an

A)proposal
B)offer
C)invitation to offer
D)acceptance

Question 14

Price lists, catalogues, advertisements in newspapers and enquiries from customers are

A)offers
B)invitations to offer
C)acceptances
D)cross offers

Question 15

Goods displayed in a shop with a price label is

A)an offer
B)an invitation to offer
C)a counter-offer
D)a contra-offer

Question 16

When the offers made by two persons to each other containing similar terms of bargain cross each other in post, they are known as

A)cross offers
B)implied offers
C)direct offers
D)express offers

Question 17

Which of the following is not the mode of the lapse of an offer?

A)lapse of time
B)case against the offeror
C)insanity of the offeror
D)failure to accept condition precedent

Question 18

Contract is defined as an agreement enforceable by law, vide section . . . . . of the Indian Contract Act

A)2 (e)
B)2 (f)
C)2 (h)
D)2 (i)

Question 19

When the contract is perfectly valid but cannot be enforced because of certain technical defects. This is called

A)unilateral contract
B)bilateral contract
C)unenforceable contract
D)void contract

Question 20

Where a contract has to be inferred from the conduct of parties, it is called

A)express contract
B)implied contract
C)tacit contract
D)unlawful contract

Question 21

Where the obligation in a contract is outstanding on the part of both parties, it is called

A)void contract
B)illegal agreement
C)valid contract
D)bilateral contract

Question 22

A contract in which, under the terms of a contract, nothing remains to be done by either party is known as

A)executed contract
B)executory contract
C)unilateral contract
D)none of the above

Question 23

A contract in which, under the terms of a contract, one or both the parties have still to perform their obligations in future is known as

A)executed contract
B)executory contract
C)unilateral contract
D)none of the above

Question 24

The unpaid seller can exercise his right of lien over the goods for

A)price of goods
B)storage charges
C)any lawful charges
D)all of these

Question 25

An auction sale is complete on the

A)fall of hammer
B)delivery of goods
C)payment of price
D)both (b) and (c)