Question: “Indemnity” means__________________?

• 1. Security from damage or loss
• 2. Security for more profit
• 3. An act for protection
• 4. Both A and B

Question: Chapter__________, of the Contract Act, deals with consequences of breach of contracts ?

• 1. VI
• 2. VII
• 3. VIII
• 4. None of above

Question: Section 51, of the Contract Act, 1872 deals with performance of_______________?

• 1. Reciprocal promisor
• 2. Reciprocal Promisee
• 3. Both A and B
• 4. None of above

Question: Section __________, of the Contract Act deals with enforcement of contracts contingent on an event not happening ?

• 1. 32
• 2. 33
• 3. 34
• 4. None of above

Question: A makes a contract with B to buy B’s horse if A survives C. This contract cannot be enforceed by law ?

• 1. Unless and until C dies in A’s life time
• 2. Unless and until A dies in C’s life time
• 3. Both A and C dies
• 4. None of above

Question: Agreement contingent on impossible events are________________?

• 1. Void
• 2. Voidable
• 3. Both A and B
• 4. None of above

Question: The term “Contingent” means ?

• 1. Possible but not assured
• 2. Doubtful or uncertain
• 3. Both A and B
• 4. None of above

Question: A contract to do or not to do something if some event collateral to such contract does or does not happen is called___________________?

• 1. Simple contract
• 2. Complex contract
• 3. Contingent contract
• 4. None of above

Question: Agreement without consideration is___________________?

• 1. Void
• 2. Voidable
• 3. Valid
• 4. None of above

Question: Where both the parties are under mistake as to matter of fact the agreement is_________________?

• 1. Void
• 2. Voidable
• 3. Valid
• 4. None of above