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Free MCQ on Types of Contract

CA Foundation Business Law November 2020

Types of contract is one of the most important concepts of the first chapter “Nature of Contract” of The Indian Contract Act 1872. Here you will find Free MCQ on Types of Contract related to various types of contract, their meaning, case studies related to them and so more.

Multiple Choice Question

  1. When the consent is cause by undue influence, the becomes
    1. Voidable
    2. Void
    3. Valid
    4. Illegal
  2. Agreements, the meaning of which is not certain or not capable of being made certain under section 29 is
    1. Void
    2. Voidable
    3. Illegal
    4. Valid
  3. A contract which is valid initially however, ceases to be enforceable subsequently,
    1. Remains valid
    2. Becomes voidable when it ceases to be enforceable
    3. Becomes void when it ceases to be enforceable
    4. Becomes void since beginning
  4. Consideration and Objects are unlawful where it is
    1. Forbidden by law or defeat the provisions of any law
    2. Which is fraudulent
    3. Which is immoral and against the public policy
    4. All the above
  5. Ram son forged Shyam’s name to a promissory note. Shyam under threat of prosecuting Ram’s son obtains a bond from Ram for the amount of the forged note. If Shyam sues on this bond the court
    1. No remedy available under law
    2. Must not set aside the bond
    3. May set aside the bond
    4. None of the above
  6. A contingent contract becomes void
    1. From the beginning as being contingent
    2. When the event on which contract was based, becomes impossible
    3. When party of contract want to make it void
    4. None of the above
  7. An illegal contract means a contract
    1. Forbidden by Law
    2. The performance of which is impossible
    3. the parties of contract are unsound mind
    4. All of the above
  8. Quasi contract is not a contract but
    1. An alternate of original contract
    2. Made by court in some special circumstances to resemble a contract
    3. Substitution of original contract made by parties
    4. All of the above
  9. An expressed contract is a contract
    1. Expressed in oral words
    2. Expressed in written words
    3. Where terms of contract are clear and expressed
    4. All of the above
  10. When a contract becomes illegal
    1. It becomes void
    2. All agreements or contract related with it becomes void
    3. Performance of main contract as well as ancillary or related contracts become forbidden by law
    4. All of the above
  11. Tacit contract falls under category of
    1. Expressed Contract
    2. Implied contract
    3. Quasi contract
    4. None of the above
  12. Meaning of void-ab-initio
    1. A void contract
    2. A contract void from beginning
    3. A voidable contract
    4. None of the above
  13. When the parties have no intention to make contract but a contract is imposed by law for the performance of obligation by the parties. This kind of contract is called
    1. Implied Contract
    2. Contract by law
    3. Quasi contract
    4. Tacit Contract

Free MCQ on Types of Contract

Answer Key

  1. (a)  2. (a)  3.  (c)  4. (d)  5. (c)  6. (b)  7. (a)  8. (b)  9. (d)  10. (d)  11. (b)  12. (b)  13. (c)

Practice More:

Free MCQ on Introduction of Law

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