Contract Law (AILET Legal-Aptitude): Questions 11 - 12 of 18

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Question number: 11

» Contract Law

Appeared in Year: 2014

MCQ▾

Question

LEGAL PRINCIPLES:

Consideration must be of value in the eyes of law.

Consideration is not real if it is illusory.

FACTUAL SITUATION: Arjun received summons to appear at a trial as a witness on behalf of Bitu, the accused. Bitu promised to pay him a sum of Rs. 1, 000 for his trouble. On default by Bitu, Arjun filed a suit to recover the said sum. Will he succeed?

Choices

Choice (4) Response

a.

No, as there is no consideration for the promise.

b.

No, as the consideration is of no value in the eyes of law.

c.

Yes, as the contract is supported by consideration.

d.

Yes, as he appeared before court only after Bitu agreed to pay him the amount of Rs. 1, 000.

Question number: 12

» Contract Law

Appeared in Year: 2014

MCQ▾

Question

LEGAL PRINCIPLES:

  1. Once a person accepts another offer, and signifies such acceptance to the former, a contract comes into existence between them.
  2. Uncertain agreements are void agreements.
  3. Rejected offers can be accepted only if renewed.

FACTUAL SITUATION: Bakshi wanted to purchase a particular land. He sent a letter to his cousin, Dutt, offering him Rs. 4 lakhs for it. Dutt replied that he would not sell it below 5 lakhs. Bakshi communicated his willingness to pay this amount. Dutt did not sell the land to Bakshi. Bakshi sued him for breach of contract.

Choices

Choice (4) Response

a.

Dutt is not liable as there is no legally enforceable contract.

b.

Dutt is liable as he has misled Bakshi by his actions

c.

Dutt is not liable because he has rejected the offer by giving a counter offer which is also not specific.

d.

Dutt is liable because once he communicates an offer to Bakshi and Bakshi accepts it, a contract comes into existence.

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