A promises to paint a picture for B at acertain price. Which of the following is not correct ?

A is not bound to perform the promise himself
A can appoint some other painter to paint the picture on his behalf
A dies before painting the picture, the contract can be enforced either by representatives of A or by B
All of the above are incorrect

Which one of the offers is a valid offer?

A garment store gave the following advertisement in a newspaper – “Special sale for tomorrow only. Men’s night suits reduced from Rs.200 to Rs.100”
P says to Q, “I will sell you a digital camera.” P owns three different types of digital cameras of various prices
An auctioneer displays a refrigerator before a gathering in an auction sale
A advertises in a leading daily newspaper that he would pay Rs. 2000 to anyone who finds and returns his lost dog

A person to whom money has been paid, or anything delivered by mistake

Following conditions are implied in a contract of sale of goods unless the circumstances of the contract show a different intention:

Damages that constitutes the direct loss suffered by the aggrieved party:

A person who has been induced to enter into a contract by misrepresentation has the following remedies:

Affirm the contract and insist on the misrepresentation being made good, if possible
Rescind the contract
Rely upon the misrepresentation as a defence to an action on the contract
All of the above

A collateral event is an event

The performance for which is neither directly promised nor it is the entire consideration for the promise
The performance for which is directly promised
It is the entire consideration for the promise
The performance which is agreed upon by the parties in a Court of Law

Champerty means

An agreement to trade with the enemy owing allegiance to a government at war with India.
An agreement whereby a person promises to maintain a suit, by money or otherwise, in which he has no interest.
An agreement whereby a person agrees to help another in a litigation in exchange of a share of the result of the litigation.
An agreement to stifle criminal prosecutions tend to be a perversion or an abuse of justice

In case of a firm carrying on the business of banking

There should be at least seven members and maximum number of members should not exceed fifty.
There should be at least two members and maximum number of members should not exceed ten.
There should be at least ten members and maximum number of members should not exceed twenty.
There should be at least two members and maximum number of members should not exceed fifty.

The following conditions must exist so that a promise to pay for the past voluntary services is binding:

The services should have been rendered voluntarily
The services must have been rendered for the promisor
They must be in existence at the time when the services were rendered and must have intended to compensate the promise
All of the above

UnAttempted

0

Attempted

Correct

Wrong