The manner of revocation of a proposal has been provided under the Indian Contract Act, 1872 in

. . . . . . . . of the Indian Contract Act, 1872 prescribes that the acceptance must be made in a reasonable manner. If the proposer has prescribed a manner of acceptance, the acceptance must be made in that manner, if not so made, there is a contract only if the proposer 'accepts the acceptance'

A

Section 7(2)

B

Section 7(3)

C

Section 7(4)

D

None of these

A revokes his proposal made to B by telegram. Under Section 4 of the Indian Contract Act, 1872, the revocation is complete as against A when the telegram is . . . . . . . .

A

Received by B

B

Despatched by A

C

Both A and B

D

None of the above

Following is/are essentialt(s) of valid contract as per Indian Contract Act, 1872.
(1) Parties to contract should have capacity to contract.
(2) Parties to contract should have legal mind.
(3) Parties to contract should be intelligent.
(4) Invitation to offer should be accepted.
Find correct answer:

A

Only (1) and (4) are correct

B

Only (1) is correct

C

All of above are correct

D

Only (2) is correct

E

None of these

Read Assertion (A) and Reason (R) and give the correct answer by using the given below:
Assertion (A): A proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, But not afterwards.
Reason (R): Section 5 of the Indian contract Act 1872, deals with the revocation of proposals and acceptances.

A

Both (A) and (R) are correct, but (R) is not related to (A)

B

(A) is correct, but (R) is wrong

C

(A) is wrong, but (R) is correct

D

Both (A) and (R) are correct, and (R) is the correct explanation of (A)

Consider the following statements:
1. There may be situations where only one party is bound to the terms of the contract.
2. In order to convert a proposal into a promise, the acceptance must be absolute and may be unqualified.
3. Death or insanity of the proposer is considered as good ground for revocation of proposal in all circumstances.
Choose the correct option from below:

A

Only 1 is correct

B

Only 2 is correct

C

1 and 2 are correct

D

1 and 3 are correct

Which of the following statements are true?
(1) Minor's contract can be ratified on attaining majority.
(2) Minor's contract cannot be ratified on attaining majority.
(3) Minor's contract can be ratified jointly by both the parties to the contract.
(4) Minor is not liable under minor's contract.
(5) Minor's contract is an enforceable contract.

A

1 and 3

B

5 and 2

C

2 and 4

D

2 and 3

E

3 and 4

Under Indian Contract Act, 1872, if the time is essence of a contract and the promisor fails to perform the contract by the specified time, the contract:

A

Becomes void

B

Remains valid

C

Becomes voidable at the instance of the promisee

D

Becomes unenforceable

E

None of these

Which one of the following does not amount to revocation under Section 6 of the Indian Contract Act, 1872?

A

By communication of notice of revocation

B

By failure of the acceptor to fulfil a condition precedent to acceptance

C

By lapse of time prescribed in such proposal for acceptance without communication of acceptance

D

By the death of the acceptor

Tender of performance of contract' has been provided under which of the following Sections of the Indian Contract Act, 1872?

A

Section 36

B

Section 37

C

Section 39

D

Section 38

Nothing in section 23 of the Indian Evidence Act, 1872 shall be taken to exempt any barrister, pleader attorney or vakil from giving evidence of any matter of which he may be compelled to give evidence is provided by the Indian Evidence Act, 1872, under:

A

Section 127

B

Section 128

C

Section 129

D

Section 126