Chapter : 1. Meaning and Nature of contract, 2. Offer & Acceptance, 3. Legal Object & Consideration, 4. Capacity to contract, 5. Free Consent, 6. Void Agreements, Quasi Contracts and Contingent Contracts, 7. Performance of Contract, 8. Discharge of Contract, 9. Remedies for Breach of Contract, 10. Indian Partnership Act, 1932, 11. Sale of Goods Act, 1930.
Important Question: A void agreement is a agreement without any legal effect and cannot be enforced in a court of law. The following are instances of void agreements: (a) Agreements entered under mistake of fact, (b) Agreements by way of wager, (c) Agreements made without consideration, (d) All of the above.
Important Question : Ajay invited Bunty to a Birthday party. Bunty promised to attend and give A Rs. 500 as a present on his birthday. Bunty failed to attend. What are remedies for Ajay : (a) Ajay cannot recover any damages from Bunty, (b) Ajay can file suit for recovery of Rs.500, (c) Ajay can file a suit for breaking the promise, (d) Ajay cannot file a suit for breaking the promise.
Important Question: Arun, Banu, and Chaman jointly promised to pay Rs. 50,000 to D on the performance of the contract. Caman dies. Here the contract: (a) Becomes void on Caman’s death, (b) Should be performed by Arun and Banu along with Caman’s legal representatives, (c) Should be performed by Arun and Banu alone, (d) Should be renewed between Arun, Banu, and Dinesh.
Question : Which is true statement regarding the including of the minor in partnership firm? (a) A minor may be admitted to the benefits of partnership with the consent of all other partners, (b) A minor may be admitted to the benefits of partnership with no consent of other partners, (c) A minor may be admitted to the benefits of the consent of his partners, (d) A minor may be admitted to the benefits of partnership with the guarantee of his parents
Important Question: Ajay entered into a contract with Bunty for the supply of certain things manufactured by ‘Chaman’. ‘Chaman’ did not manufacture those goods what is your advise: (a) Ajay is discharged from his obligation, (b) Ajay is not discharged from his obligation and is liable to ‘Bunty’ for damages, (c) Bunty can say to Ajay to get manufactured the goods from other party, (d) Contract becomes void.
Important Question : Ajay sells to Banty a horse which Aknows to be unsound. Banty is Ajay’s daughter. Choose the best alternative: (a) The relation between A and B would make it Ajay’s duty to tell Banty if the horse is unsound, (b) If Ajay is silent, silence will not be equivalent to speech, (c) Here it is not duty of Ajay to tell the horse’s defect, (d) Ajay is not bound to tell the defect as the rule of caveat emptor applies
Question : A person may be admitted as a new partner: (a) In accordance with a contract between the existing partners. (b) In accordance with a contract between the existing partners or with the consent of all the existing partners subject to the provisions of Section 30 of the Indian Partnership Act, 1932, (c) After obtaining specific approval of the Registrar of Firms & Societies, to this effect, (d) By simply taking the consent of the new partner.