MCQs on Indian Contract Act 1872 (13)

1. An offer by post may be accepted by

(a) Post 
(b) Over telephones 
(c) Both (a) & (b) 
(d) None of the above 


2. An offer is made only when

(a) The letter is posted 
(b) Letter reaches the offeree 
(c) Offeree post his acceptance 
(d) None of the above 



3. Which of the following is true? 

(a) Consideration must result in benefit to both party 
(b) Past consideration is no consideration in India 
(c) Consideration is adequate 
(d) Consideration must be something, which a promisor is not bound to do 


4. Which of the following statement is false in respect of  'Consideration'? 

(a) Must move at desire of the promiser 
(b) May move from any person 
(c) Must be illusionary 
(d) Must be of some value 


5. Which of the following is true? 

(a) There can be a stranger to a contract 
(b) There can be a stranger to a consideration 
(c) There can be a stranger to contract & consideration 
(d) None of above 


6. Consideration in simple term means

(a) Anything in Return 
(b) Something in Return 
(c) Everything in Return 
(d) Nothing in Return 



7. Which of the following statement is false

(a) Generally, a stranger to a contract cannot sue 
(b) A verbal promise to pay a time barred debt is valid 
(c) Completed gifts need no consideration 
(d) No consideration is necessary to create an agency. 



8. A Gratuitous Promise can

(a) Be enforced 
(b) Not be enforced 
(c) Be enforced in court of law 
(d) None of above 



9. Ordinarily, a minor’s agreement is 

(a) Void ab initio 
(b) Voidable 
(c) Valid 
(d) Unlawful 


10. A minor’s liability for ‘necessaries’ supplied to him

(a) Arises after he attains majority age 
(b) Is against only minor’s property 
(c) Does not arises at all 
(d) Arises if a minor promises for it. 


MCQs on Indian Contract Act 1872
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