1. If there is error in cause, the contract I
a) void
b) voidable
c) valid
d) illegal
2. A contingent contract is
a) void
b) voidable
c) valid
d) illegal
3. A lends Rs. 500 to B. He later tells B that he need not repay the amount, the contract is discharged by
a) breach
b) waiver
c) novation
d) performance
4. The measure of damages in case of breach of a contract is the difference between the
a) contract price and the market price at the date of breach
b) contract price and the maximum market price during the term of the contract
c) contract price and the price at which the plaintiff might have sold the goods,
d) contract price and the price fixed by court.
5. A minor has been supplied necessaries on credit
a) he is not liable
b) he is personally liable
c) his estate is liable
d) he is not personally liable
6. Any variance made without surety's consent in the terms of the contract between the principal
debtor and thecreditor discharges the surety
a) as to transactions prior to variance
Coffee
b) as to transactions subsequent to variance
c) as to all transactions
d) fromhis liability under the guarantee.
7. The doctrine of caveat emptor applies
a) incase of implied conditions and warranties
Coffee
b) when the buyer does not intimate the purpose to the seller and depends upon his own skill and
judgment
c) when goods are sold by sample
d) when goods are sold by description
8. A condition is a stipulation which is a
a) essential to the main purpose of contract of sale
b) not essential to the main purpose of contract of sale
c) collateral to the main purpose of contract of sale
d) none of the above.
9. A contract
a) may be void as originally entered into
b) may become void subsequent to its formation
c) cannot become void under any circumstances
d) may become void at the will of party
10. A letter of acceptance sufficiently stamped and duly addressed is put into course of transmission.
There is
a) a contract voidable at the option of acceptor
b) a contract voidable at the option of offerer,
c) no contract at all,
d) a valid