1. A contingent contract is

(a) Void 
(b) Voidable 
(c) Valid 
(d) Illegal 

2. A contract is said to be discharged or terminated

(a) When the rights and obligation are completed 
(b) When the contract becomes voidable 
(c) Both (a) & (b) 
(d) None of the above 

3. Which is not the mode of discharge of contract

(a) Performance of contract 
(b) Lapse of time 
(c) Breach of contract 
(d) Injunction 

4. A person finds certain goods belonging to some other persons. In such a case, the finder

(a) Becomes the owner of that good 
(b) Is under a duty to trace the real owner 
(c) Can sell that good if true owner is not found 
(d) Both (b) & (c) 

5. If in a contract, the time lapses and if the party fails to perform the contract within specified time the contract becomes 

(a) Voidable 
(b) Void 
(c) Illegal 
(d) Enforceable in the court 

6. Change in one or more of the important terms in a contract, it is the case of

(a) Novation 
(b) Rescission 
(c) Remission 
(d) Alternation 

7. In both the cases, devolution of joint liabilities and devolution of joint rights, if a promisor dies, who will perform on behalf of him

(a) Other promiser  
(b) His legal representation 
(c) Both (a) & (b) 
(d) None of the above 

8. A contract which is impossible to perform is

(a) Voidable 
(b) Void 
(c) Illegal 
(d) Enforceable 

9. A party entitled to rescind the contract, loses the remedy where

(a) He has ratified the contract 
(b) Third party has acquired right in good faith 
(c) Contract is not separable 
(d) All of the above 

10. The special damages i.e. the damages which arises due to some special or unusual circumstances

(a) Are not recoverable altogether 
(b) Are illegal being positive in nature 
(c) Cannot be claimed as a matter of right 
(d) Can be claimed as a matter of right 

MCQs on Indian Contract Act 1872