Test Preparation on IBPS SO Mains Law Officer Mock Test-5

1.

An agreement not enforceable by law is stated to be void under which section of the Indian Contract Act, 1872?

According to Section –2 (g) in the Indian Contract Act, 1872, “void agreement”– An agreement not enforceable by law is said to be void.

2.

A proposal when accepted becomes

1Promise under section 2 (b)
2Agreement under section 2 (e)
3Contract under section 2 (h)
4Promise under section 2 (c)
5None of the above

According to Section 2(b) in the Indian Contract Act,1872, when the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted. A proposal, when accepted, becomes a
promise.

3.

An agreement in restraint of trade under Section 27 is

According to Section 27 in the Indian Contract Act, 1872, Every agreement by which anyone is restrained from exercising a lawful profession, trade, or business of any kind, is to that extent void.

4.

A contingent contract

According to Section 35 – contingent contracts to do or not to do anything if a specified uncertain event happens within a fixed time become void if, at the expiration of the time fixed, such event has not
happened, or if, before the time fixed, such event becomes impossible.

5.

Bailment means

1the goods are delivered by one person to another for some purpose to be specifically returned or otherwise disposed of as per the order of bailor
2the goods delivered to be returned by way of an equivalent in money
3 the goods delivered to be returned by way of an equivalent in other commodities
4All of the above
5None of the above

A “bailment” is the delivery of goods by one person to another for some purpose, upon a contract, that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the directions of the persons delivering them.

6.

A ‘warranty’, under Section 12 of The Sale of Goods Act, 1930 has been defined as a

1stipulation essential to the main purpose of the contract
2stipulation collateral to the main purpose of the contract
3a stipulation with regard to time
4either of A., B. or C.
5None of these

According to Section 12C. in the Sale of Goods Act, A warranty is a stipulation collateral to the main purpose of the contract, the breach of which gives rise to a claim for damages but not to a right to reject the goods and treat the contract as repudiated.