HomeCSEETCSEET Mock Test Online Free – Legal Aptitude – Contract Act CSEET Mock Test Online Free – Legal Aptitude – Contract Act Leave a Comment / CSEET, CSEET Mock Test / By Deep Gyan Welcome to your CSEET Legal Aptitude MCQ – Contract Act CSEET Legal Aptitude MCQ – Contract Act These Multiple Choice Questions are based on reference material of Legal Aptitude issued by ICSI. To practice more CSEET Mock Test with answers, visit here https://deepgyan.com/cseet-mock-test-cseet-mcq-pdf-multiple-choice-questions/. On Deep Gyan we provide free CSEET Video Classes, Free CSEET Notes and CSEET Mock Tests. Join our Telegram group for free Notes/Videos/MCQs of CSEET: https://t.me/deepgyancseet Please fill your correct details for attempting this quiz. In case of incorrect information, management may block your IP Address. This is to stop spammers. Please co-operate. Name Email Mobile Competency to Contract means- Age of the parties Soundness of mind of the parties Both (a) and (b) Intelligence of the parties. Which of the following is not Competent to Contract ? A minor A person of unsound mind A person who has been disqualified from contracting by some Law All of these A minor’s agreement is void. This was held in the case of Mohiri Bibee V. Dharmadas Ghosh Nihal Chand V. Jan Mohamed Khan Suraj Narain V. Sukhu Aheer Chinnaiya V. Ramaiya The age of majority for the purpose of the Indian Contract Act is- 16 years for girls and 18 years for boys 18 years for girls and 21 years for boys 18 years 21 years A minor’s agreement can be ratified on attaining majority True Partly True False None of these __________ are goods suitable to the condition in the life of the minor and to his actual requirements at the time of sale and delivery. Necessaries Goods Life Style Products Luxuries “Consensus –ad –idem” means General Consensus Meeting of minds upon the same thing in this same sense Reaching an agreement Reaching of contract A Contract which is formed without the free consent of parties, is Valid Illegal Voidable Void ab-initio Contracts under unilateral mistake are __________ if such mistake is caused by the fraud of misrepresentation of the other party Valid Void Illegal Unenforceable Mistake as to foreign law is treated in the same manner as – Mistake of India Law Mistake of Fact Misrepresentation Fraud If an agreement suffers from any uncertainty. It is – Voidable Void Unenforceable Illegal All illegal agreements are Void-ab-initio Valid Contingent Enforceable A promise to give money or money’s worth upon the determination or ascertainment of an uncertain event is called – Wagering Agreement Unlawful Agreement Illegal Agreement Voidable Agreement In the States of Gujarat and Maharashtra, collateral transactions to a wagering agreement are- Voidable Illegal and Void Valid and Enforceable Contingent A Contingent Contract is a contract to do, or not to do something if some event, collateral to such contract – happens does not happen Neither (a) nor (b) Either (a) or (b) Which of these parties cannot demand performance of promise? Promisee Any of the Joint Promisees On the death of a Promisee, his Legal Representative Stranger to the contract If a new contract is substituted in place of an existing contract it is called – Alteration Rescission Novation Waiver. The phrase “Quantum Meruit” latterly means – As much as is earned The fact in itself A Contract for the sale As much as is gained Damages awarded to compensate the injured party for the actual amount of loss suffered by him for breach of contract are called – General / Ordinary Damages Special Damages Vindictive Damages Nominal Damages A finder of lost goods is a – Bailor Bailee True Owner Thief. Time is Up!