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CA Foundation Other Essential Elements of a Contract — practice questions

Explore 56 free Other Essential Elements of a Contract questions in CA Foundation Businesslaw. Open each question or exercise to read its content, reference answers and available explanation.

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Other Essential Elements of a Contract questions and exercises with answers

Showing questions 1–30 of 56.

In India, the age of majority for the purpose of competence to contract is governed by which statute?Read the answer and worked solution →An agreement entered into with or by a minor is:Read the answer and worked solution →The rule that a minor's agreement is void ab initio and the money lender cannot recover was settled in:Read the answer and worked solution →Why can a minor not ratify, on attaining majority, an agreement made during minority?Read the answer and worked solution →A minor who obtained a loan by falsely representing himself as a major:Read the answer and worked solution →A person who is usually of unsound mind but occasionally of sound mind:Read the answer and worked solution →Under Section 13, two or more persons are said to 'consent' when they:Read the answer and worked solution →Which of the following is NOT a factor that, under Section 14, makes consent 'not free'?Read the answer and worked solution →When consent is caused by bilateral mistake of fact as opposed to coercion, the agreement is respectively:Read the answer and worked solution →Mere silence as to facts amounts to fraud when:Read the answer and worked solution →In misrepresentation under Section 18, the person making the false statement:Read the answer and worked solution →A bilateral mistake of both parties as to a matter of fact essential to the agreement (Section 20) makes the agreement:Read the answer and worked solution →An agreement to stifle the prosecution of a non-compoundable offence is:Read the answer and worked solution →An agreement to assist another in litigation in exchange for a share of the proceeds of the suit is known as:Read the answer and worked solution →A marriage brokerage agreement, i.e. a promise to pay reward for procuring a spouse, is:Read the answer and worked solution →Under Section 24, where one part of a single consideration for an object is unlawful and cannot be severed, the agreement is:Read the answer and worked solution →The statutory definition of consideration sits in which clause of Section 2 of the Contract Act?Read the answer and worked solution →In simple terms, what does consideration mean in contract law?Read the answer and worked solution →An act is valid consideration only if done at whose desire?Read the answer and worked solution →A saves B's goods from fire without B asking. Can A claim payment from B?Read the answer and worked solution →Which view of past consideration does Indian law take?Read the answer and worked solution →Why is a promise to do what one is already legally bound to do not good consideration?Read the answer and worked solution →An agreement must be supported by lawful consideration on how many sides?Read the answer and worked solution →A promises B a government job and B promises Rs 1 lakh for it. What is the agreement's status?Read the answer and worked solution →Selling a public title such as Padma Shri for money is what kind of agreement?Read the answer and worked solution →A compounding agreement to abstain from prosecution for profit was held void under which section?Read the answer and worked solution →Under Section 11, what is the age of majority in the normal case?Read the answer and worked solution →A court appoints a guardian for a minor. At what age does that minor reach majority?Read the answer and worked solution →A person of mostly unsound mind has a lucid interval. May they contract then?Read the answer and worked solution →Which of these is listed among persons with limited capacity to contract?Read the answer and worked solution →

Worked practice questions

In India, the age of majority for the purpose of competence to contract is governed by which statute?

  1. The Indian Penal Code, 1860
  2. The Indian Majority Act, 1875
  3. The Indian Contract Act, 1872
  4. The Indian Partnership Act, 1932
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Correct answer: B. The Indian Majority Act, 1875

Under the Indian Majority Act, 1875 a person domiciled in India attains majority on completing 18 years Section 11 of the Contract Act ties competence to this age.

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An agreement entered into with or by a minor is:

  1. Voidable at the minor's option
  2. Void ab initio
  3. Valid only if for necessaries
  4. Valid and binding
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Correct answer: B. Void ab initio

A minor is not competent to contract, so the agreement is void from the very beginning (void ab initio).

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The rule that a minor's agreement is void ab initio and the money lender cannot recover was settled in:

  1. Balfour v. Balfour
  2. Mohori Bibee v. Dharmodas Ghose
  3. Durga Prasad v. Baldeo
  4. Chinnaya v. Ramayya
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Correct answer: B. Mohori Bibee v. Dharmodas Ghose

In Mohori Bibee v. Dharmodas Ghose the mortgage by a minor was held void and the lender could not recover the advance, establishing that a minor's agreement is void ab initio.

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