Fundamentals of Law MCQs and Notes

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📊 Fundamentals of Law
Q. Quasi-Contracts are
  • (A) not contracts in the real sense of the world.
  • (B) relations which create certain obligations resembling those created by a contract
  • (C) implied contracts
  • (D) unenforceable contracts
💬 Discuss
✅ Correct Answer: (B) relations which create certain obligations resembling those created by a contract
📊 Fundamentals of Law
Q. Which of the following statements is true in connection with the contingent contract?
  • (A) The collateral event is contingent
  • (B) The collateral event may be certain or uncertain
  • (C) The contingency even may be the mere will of the promisor.
  • (D) The main event should be contingent.
💬 Discuss
✅ Correct Answer: (A) The collateral event is contingent
📊 Fundamentals of Law
Q. A borrows from B 500 to bet with C. Can B recover the amount of his loan?
  • (A) Yes, the agreement between them is collateral to a wagering agreement and hence enforceable.
  • (B) Yes, the agreement is not opposed to public policy.
  • (C) No, the agreement is a voidable agreement and can be avoided by A.
  • (D) No, the a greement is wagering agreement and falls under Section 23 and hence void.
💬 Discuss
✅ Correct Answer: (D) No, the a greement is wagering agreement and falls under Section 23 and hence void.
📊 Fundamentals of Law
Q. A promises B to pay 100 if it rains on Monday and B promises A to pay 100 if it does not rain on Monday. This agreement is
  • (A) a valid agreement
  • (B) a voidable agreement
  • (C) a wagering agreement
  • (D) an illegal agreement
💬 Discuss
✅ Correct Answer: (C) a wagering agreement
📊 Fundamentals of Law
Q. The validity of contract is not affected by
  • (A) Mistake of fact
  • (B) Mistake of Indian Law
  • (C) Misrepresentation
  • (D) Fraud
💬 Discuss
✅ Correct Answer: (B) Mistake of Indian Law
📊 Fundamentals of Law
Q. ‘Active Concealment of fact’ is associated with which one of the following?
  • (A) Misrepresentation
  • (B) Undue Influence
  • (C) Fraud
  • (D) Mistake
💬 Discuss
✅ Correct Answer: (C) Fraud
📊 Fundamentals of Law
Q. Which of the following is not competent to contract?
  • (A) a minor
  • (B) a person of unsound mind
  • (C) a person who has been disqualified from contracting by some law
  • (D) all of the above
💬 Discuss
✅ Correct Answer: (D) all of the above
📊 Fundamentals of Law
Q. An agreement without consideration is void except in case of compensation for
  • (A) voluntary services rendered
  • (B) voluntary services rendered at the request of the other party to the agreement.
  • (C) voluntary services rendered at the request of third person.
  • (D) reimbursement of expenses incurred.
💬 Discuss
✅ Correct Answer: (A) voluntary services rendered
📊 Fundamentals of Law
Q. An agreement without consideration is void under
  • (A) Sec. 25(1) of the Contract Act
  • (B) Sec. 25 (3) of the Contract Act
  • (C) Sec. 25 (2) of the Contract Act
  • (D) None of the above clauses in Sec. 25
💬 Discuss
✅ Correct Answer: (D) None of the above clauses in Sec. 25
📊 Fundamentals of Law
Q. An offer does not lapse if the
  • (A) offeror dies before acceptance.
  • (B) offeree dies before acceptance
  • (C) acceptance is made by the offeree in ignorance of the death of the offeror.
  • (D) acceptance is made by the offeree with knowledge of the death of the offeror.
💬 Discuss
✅ Correct Answer: (C) acceptance is made by the offeree in ignorance of the death of the offeror.

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