A. Valid
B. Void
C. Voidable
D. Illegal
✅ The correct answer is option A.
70. A sells the goodwill of his business to B and agrees with him to refrain from carrying on a similar business within specified local limits. This contract is
A. Valid
B. Void
C. Voidable
D. Illegal
✅ The correct answer is option A.
68. A contract is made where:
A. X agrees with Y to discover a treasure by magic.
B. X bids at a public auction
C. A sees a sea
D. A sit in a public Omni bus.
✅ The correct answer is option D.
66. In case of void agreements, collateral transactions are
A. Also void
B. Unenforceable
C. Not affected
D. Illegal
✅ The correct answer is option C.
64. The delivery of goods by one person to another for some purpose, upon a contract and that they shall, when the purpose is accomplished, be returned or otherwise disposed of by accounting to the directions of the person delivering them, then it is called:
A. Contingent contract
B. Bailment
C. Pledge
D. Contract of indemnity
✅ The correct answer is option B.
47. A, a minor bought 11 expensive coasts from B. he was, at that time, adequately provided with clothes, but B did not know this fact. In such a case
A. Minor is personally liable to pay for the coast
B. Minor’s property can be attached for payment
C. Minor is liable since he has Misled into supply of coats
D. Minor is not liable at all
✅ The correct answer is option C.
45. A husband, by a registered agreement promised to pay wife Rs 5,000 p.m. there was no consideration moving from the wife to the husband. This contract is
A. Void
B. Illegal
C. Valid
D. Unenforceable
✅ The correct answer is option C.
43. In Indian Contract Act, the term consensus ad idem means
A. Parties under a mistake
B. Parties under the free consent
C. Parties agreeing upon the same thing in same sense
D. None of these
✅ The correct answer is option C.
41. Sonia contracts with Anshul to buy a necklace, believing it is made of pearls whereas in fact it is made of imitation pearls of no value. Anshul knows that Sonia is mistaken and takes no steps to correct the error. Now Sonia wants to cancel the contract based on fraud. Which of the following statement is correct?
A. Sonia can cancel the contract alleging fraud
B. Sonia cannot cancel the contract
C. Sonia can cancel the contract alleging undue influence
D. Sonia can claim damages
✅ The correct answer is option D.
39. Which of the following is false with respect to minor entering a contract?
A. An agreement with or by a minor is void ab initio
B. A minor can be a beneficiary of a contract
C. The guardian of a minor is responsible for his acts
D. A minor cannot ratify a contract on attaining majority
✅ The correct answer is option C.