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Consider the following statements:<br>Consent obtained by mistake renders an agreement void if it is:<br>1. regarding value of the subject matter of the contract.<br>2. a mistake of fact by both the parties to the contract.<br>3. a mistake of law in force in India.<br>4. a mistake of foreign law by one party to the contract.<br>Which of the statements given above is/are correct?

Correct Answer: 2 only

Consider the following statements:
1. When consent to an agreement is caused by undue influence, the agreement is a contract voidable at the option of the party whose consent was so caused.
2. Where both the parties to an agreement are under a mistake as to a matter of fact essential to the agreement, the agreement is void.
Which of the statements given above is/are correct?

Consider the following statements:
1. A contract formed by coercion and undue influence is vitiated and voidable at the option of the party whose consent is so obtained.
2. A contract formed, where both the parties are under mistaken notion about the existence of the subject matter, is void.
Which of the statements given above is/are correct?

Read Assertion (A) and Reason (R) and answer by using given below:
Assertion (A): An agreement would be void if both the parties to the agreement were under a mistake as to a matter of fact not essential to the agreement.
Reason (R): Because Section 20 of the Indian Contract Act so provides.

Which among the following are covered within 'Arbitration Agreement' as per Section 7 of the Arbitration and Conciliation Act 1996?
1. Oral agreement.
2. It may be in the form of a separate agreement.
3. Agreement by parties to submit the disputes which have arisen.
4. Agreement by parties to submit the disputes which may arise.
Select the correct answer using the given below.

Consider the following :
1. The perpetual struggle of Ins and Outs for political power turns the legislature into a battlefield and in this struggle the interests of the country are forgotten.
2. Parties encourage hollowness and insincerity. They divide not only the legislature but the nation into hostile camps. During national emergencies, parties can hardly transcend their petty differences and present a united front.
3. Parties often over-reach themselves and indulge in unwholesome and immoral activities live bribing the legislators
4. Parties tend to become antonomous and to regard organisations as important for their own sake. Principles are thus subordinated to success at polls and issues are not considered on merit.
Which of the above statements make a valid criticism of political parties?
Select the correct answer from the following:

Indian Contract Act: Where both parties to an agreement are under a mistake as to a matter of fact essential to the agreement, then the agreement is

Where both the parties to an agreement are under a mistake as to a matter of fact essential to the agreement, the agreement is

Consider the following statements:
Contract can be avoided if the consent is obtained under:
1. Mistake of law
2. Mistake of fact
3. Coercion.
4. Undue influence
Which of the statements given above are correct?

In a suit for specific performance of an Agreement of Sale of immovable property the defendant along with his written statement files an application under Section 8 of the Arbitration & Conciliation Act for referring the parties to arbitration in accordance with arbitration clause contained in the Agreement to Sell. The plaintiff admits the existence of the arbitration clause as well as that the subject matter of suit is subject matter of such arbitration clause. The Court shall:

Consider the following statements about the residuary powers of the legislations:
1. The Parliament has exclusive power to make any law with respect to any matter not enumerated in List II or List III.
2. State Legislatures have exclusive power to make any law with respect to any matter enumerated in List-II.
3. The Parliament as well as State Legislatures have exclusive power to make any law with respect to any matter not enumerated in List II or List III.
Which of the statements given above is/are correct?