Questions:
1. Saqib promises to deliver supplies at Waheed’s store on the 1st January. On
that day Saqib brings the goods to Waheed’s store but after the usual hour for
closing it, so supplies are not received by Waheed. What happens in this
situation?
a. Saqib has performed his promise
b. Saqib has not performed his promise
c. Waheed is responsible for not receiving supplies
d. Both Saqib and Waheed are responsible for the situation
2. Contract between the client and his lawyer regarding payment of agreed
professional fee if the suit turns out to be successful is called __________.
a. Contingent contract
b. Professional contract
c. Business contract
d. Legal contract
3. If an agreement is made by the free consent of parties competent to contract, for
a lawful consideration and with a lawful object, and is not hereby expressly
declared to be void, it will be called as ___________.
a. A void agreement
b. An acceptable agreement
c. A contract
d. A promise
4. which of the following includes the active concealment of a fact by one having
knowledge or belief of the fact
a. Fraud
b. Free Consent
c. Promise
d. Misrepresentation
5. Mr. A (a service provider) enters into a Personal Contract with Mr. B (client) to
perform a specific task. In case of A’s death before performing the task,
_______.
a. Mr. B must perform it
b. Representative of Mr. A must perform this task
c. Representative of Mr. A must hire another person to perform the task
d. The contract is void in this case
6. A businessman applies to a banker for a loan at a time when there is stringency
in the money market. The banker declines to make the loan except at an
unusual y high rate of interest. The businessman accepts the loan on these
terms. Which of the following is true about the situation?
a. The contract is not induced by undue influence
b. The contract is induced by undue influence
c. The contract is voidable at the option of businessman
d. Bankers have ability to dominate the clients
7. A seller, intending to deceive buyer, falsely represents that a hundred thousand
units of product are made annually at his factory, and thereby induces buyer to
buy the factory.
a. The contract is voidable at the option of sel er
b. The contract is voidable at the option of buyer
c. The contract is not voidable at the option of buyer
d. The contract is void
8. Aslam agrees to sell to Saleem “two tons of flour” but there is nothing whatever
to show what kind of flour was intended. The agreement is void for uncertainty
under ________.
a. Section 26
b. Section 27
c. Section 28
d. Section 29
9. A contingent contract – to do or not to do anything if an uncertain future event
happens – cannot be enforced by law unless and until that event has happened.
This condition is covered under which section of contract act?
a. Section 31
b. Section 32
c. Section 36
d. Section 38
10.Mr. A enters into a contract with Mr. B to construct a building according to the
sight plan against the payment of the certain agreed amount. As per practice in
such type of contracts, __________.
a. Mr. A shall first construct the building and then demand payment from Mr.
B
b. Mr. B shall first pay the amount and then Mr. A construct the building
c. Payment shall be made on monthly installments basis
d. Payment shall be done as the construction is completed in various stages
