Contract Law (CLAT Legal-Aptitude): Questions 23 - 24 of 97

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Question number: 23

» Contract Law

Appeared in Year: 2015

MCQ▾

Question

PRINCIPLE: Agreement, the meaning of which is not certain, or capable of being made certain, is void.

FACTS: A horse was bought for a certain price coupled with a promise to give Rs. 500 more if the horse proved lucky.

Choices

Choice (4) Response
a.

This is a valid agreement.

b.

The agreement is partially valid and partially void.

c.

This agreement is void for uncertainty because it is very difficult to determine what luck, good or bad, the horse had brought to the buyer.

d. Question does not provide sufficient data or is vague

Question number: 24

» Contract Law

MCQ▾

Question

PRINCIPLE: A person needs to be of sound mind to make his participation in contract valid. A person is said to be of sound mind for the propose of making a contract, if, at the time when he makes it, he is capable of understanding it and of forming a rational judgement as to its effect upon his interest. A person who is usually of unsound mind, but occasionally of sound mind, may make a contract when he is of sound mind. A person who is usually of sound mind, but occasionally of unsound mind, may not make a contract when he is of unsound mind.

FACTS: Jay is a patient of epilepsy and gets epileptic attacks for 5 minutes in every 3 hours. Akash is another patient of a psychological disorder which renders him of unsound mind occasionally. Jay and Akash had to contract for sale of bicycle on Monday. On the same day, they met at a restaurant with their guardians. While they were sitting, Akash saw a dog touching his meal and jumped upon him biting the dog on top while inserting his finger in its eyes. Jay started laughing at this which highlighted that he was fine. If they contract at this time, will the contract be valid?

Choices

Choice (4) Response
a.

No, the contract will not be valid.

b.

The contract may or may not be valid. It depends upon how controlled the two are.

c.

Yes, the contract will be valid.

d. Question does not provide sufficient data or is vague

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