The Indian Contract Act 1872-General – IMPORTANT QUESTIONS – Business Law – B.Com – Dibrugarh University – As per CBCS System

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Important Questions

Law of Contract

Unit-I

Definition and nature of contract

Short Questions

  1. What is an agreement?
  2. Are all agreement contracts?
  3. Define contracts?
  4.  What is a voidable contracts?
  5. Distinguish between a void agreement and a void contract?
  6. Implied contract.
  7. Quasi-contact.

Long questions

  1. Define the term ‘contract.’ what are the essentials of a valid contract?
  2. A contract is defined as “an agreement enforceable by law.” Discuss.
  3. All contract are agreements but all agreements are not contacts.” Explain.
  4. Distinguish between
    1. Void agreement and voidable contact.
    2. Void and illegal contracts.
    3. Express and implied contracts.
  5. Discuss fully the essentials of a valid contract.
  6. “All agreements are not contracts but all contract are agreements.” Discuss.

Consideration

Short Questions

  1. What is Consideration?
  2. Is past Consideration valid in Indian law?
  3. Should Consideration be adequate?

Long questions

  1. ‘Consideration may be executed,  executor or past.’ Discuss.
  2. ‘No consideration, no contract’. Explain.
  3. ‘Consideration is a necessary element of a binding contract’. Discuss.
  4. ‘The law will not enforce a promise given for nothing’? Comment.
  5. Define consideration ? What are legal rules to considerate.
  6. “Agreement without consideration is void.” Comment.

Capacity of Parties

Short Questions

  1. What is a person competent to contract?
  2. When does a minor attain the age of majority?
  3. Can a minor be adjudged insolvent?
  4. Can a minor act as an agent?

Long questions

  1. “Parties to a contract must be competent to contract”. Explain.
  2. Discuss the law relating to contracts by persons of unsound mind.
  3. Name some types of persons, other than minors, who are not competent to contract.
  4. Comment on, “An Agreement entered into by minor cannot be enforced at law.”

Free  Consent

Short Questions

  1. When is consent said to be free?
  2. What happens if free consent in a contract is missing?
  3. What is misrepresentation?
  4. What is fraud?

Long questions

  1. Explain when consent is not said to be free. What is the effect of such consent on the formation of the contract?
  2. When is consent said to be induced by coercion? What is its effect?
  3. Distinguish between fraud and misrepresentation.

Discharge of contact

Short Questions

  1. In how many ways a contract may be terminated?
  2. What is novation?
  3. What is meant by alteration?

Long questions

  1. State the various ways in which a contract may be said to be discharged.
  2. Discuss the effect of supervening impossibility on the performance of a contract.

 Remedies for breach of contract

Short Questions

  1. Define Restitution.
  2. When may a court refuse to grant rescission in case of breach of contract?
  3. What is specific performance?
  4. What is meant by injunction?
  5. What are ordinary damages?

 Long questions

  1. What are the various remedies available to a party in case of breach of contract?
  2. Explain fully the principles on which the court would award damages for a breach of contract.
  3. Write notes on:
  4. General damages.
  5. Special damages.
  6. Nominal damages.
  7. Exemplary damages.
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