A. Valid
B. Voidable
C. Void
D. Contingent
✅ The correct answer is option C.
Business Laws
82. A agrees to pay Rs.50000 to B if he kills C. the agreement is
A. Void
B. Valid
C. Voidable
D. Contingent
✅ The correct answer is option A.
83. A agrees to pay Rs.5 lakhs to B procures an employment for A in Income Tax Department. This agreement is
A. Void
B. Valid
C. Voidable
D. Contingent
✅ The correct answer is option A.
84. The consideration or object of agreement is considered unlawful, if is
A. Forbidden by law
B. Fraudulent
C. Immoral
D. All of these
✅ The correct answer is option D.
85. A mistake as to law not in force in India has the same effect as;
A. Mistake of fact
B. Mistake of Indian Law
C. Fraud
D. Misrepresentation
✅ The correct answer is option A.
86. A contract made by mistake about some foreign law, is;
A. Void
B. Valid
C. Voidable
D. Illegal
✅ The correct answer is option A.
87. A contract made by mistake about Indian Law, is;
A. Void
B. Valid
C. Voidable
D. Illegal
✅ The correct answer is option B.
88. A agrees to pay Rs.1000 to B if a certain ship returns within a year. However, the ship sinks within the year. In this case, the contract becomes
A. Valid
B. Void
C. Voidable
D. Illegal
✅ The correct answer is option B.
89. As per Section 20, the contract is void, on account of bilateral mistake of fact. But as per Section 22, if there is mistake of only one party, then the contract is;
A. Void
B. Valid
C. Voidable
D. Illegal
✅ The correct answer is option B.
90. A contingent contract dependent on the non happening of a future uncertain event becomes void when such event
A. Happens
B. Does not become impossible
C. Does not happen
D. Both (a) and (b)
✅ The correct answer is option D.