HomeQuizzes & SurveysCSEET Chapter wise Multiple Choice Questions – Contract Act MCQs – Part 8 CSEET Chapter wise Multiple Choice Questions – Contract Act MCQs – Part 8 CSEET Chapter wise Multiple Choice Questions - Contract Act MCQs - Part 8 CSEET Mock Test These MCQs are based on reference material of Legal Aptitude issued by ICSI. To practice more CSEET questions 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 Test. Join our Telegram group for free Notes/Videos/MCQs of CSEET: https://t.me/deepgyancseet Please fill the following information. This will help us to avoid spam and recognize genuine CSEET students. Name Email Mobile A contract which is impossible to perform is – Voidable Void Illegal Enforceable A party entitled to rescind the contract, loses the remedy where- He has ratified the contract Third party has acquired right in good faith Contract is not separable All of the above The special damages i.e the damages which arises due to some special or unusual circumstances – Are not recoverable altogether Are illegal being positive in nature Cannot be claimed as a matter of right Can be claimed as a matter of right Which of the following statement is/are correct- Ordinary damages are recoverable Special damages are recoverable only if parties know about them Remote or indirect damages are not recoverable All of these Exemplary damages are not awarded in such case Breach of promise to marry Wrongful dishonor and customers cheque by banker Breach of any business contract None of the above Damages which are the contracting parties fix at the time of contract in case of breach – Unliquidated Damages Liquidated Damages Nominal Damages None of the above A order of court restraining a person from doing particular act, it’s a case of- Specific performance Injuction Both (a) and (b) None of the above Under the Indian Contract Act, the contract of indemnity is restricted to such cases – Where the loss promise to be reimbursed is caused by the conduct of the promisor or any other person The loss caused by the any events or accident which does not depend upon conduct of any person Both (a) and (b) None What is the ratio of parties in contract of indemnity and contract of guarantee – 2 : 3 3 : 2 1 : 3 2 : 1 In contract of indemnity, what is the liability of indemnifier against the indemnified – Primary Secondary No liability Both (a) and (b) In case of contract of guarantee, what is the liability of the surety against the principal debtor – Primary Secondary No liability Fully liable Which is not the case of discharge of surety – By notice of revocation By death of surety if creditor releases the principle debtor None of the above What is the right of the bailee against the goods - Owner Possessor Bailee can sell those goods Both (a) and (b) Which one is not the duties of bailee - The bailee must take care of goods as of his goods The bailee cannot use bailor’s goods in an unauthorized manner. The bailee should return the goods without demand on the expiry of the time period. He can set up adverse title to the goods. A lien which is available only against that property of which the skill and labour have been exercised – General Lien Particular Lien Ordinary Lien Both (a) and (b) Which is not the case of termination of bailment – Where the bailee wrongfully uses of dispose of the goods bailed. When the period of bailment expires When the object of bailment has been achieved None of the above A agency may also arise by – Estoppel Necessity Ratification All of the above A mercantile agent employed to sell goods which have been places in his possession or contract to buy good for his principal – Factors Brokers Del Credere Agent Auctioneers The threat to commit suicide amounts to- Coercion Undue influence Misrepresentation Fraud Time is Up!