Contract Law (CLAT Legal-Aptitude): Questions 46 - 48 of 97

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Question number: 46

» Contract Law

MCQ▾

Question

Which of the following does not work to terminate the agency of an agent?

Choices

Choice (4) Response

a.

The becoming of unsound mind of the principal

b.

The commission of fraudulent act on the part of agent

c.

The completion of the business of the agency

d.

The adjudication of the principal as an insolvent under any Act

Question number: 47

» Contract Law

Assertion-Reason▾

Assertion (Ꭺ)

If A offers to sell a horse which is of unsound mind but which he knows to be of sound mind to B and B accepts the contracting being under the impression that he is being sold a donkey, the agreement is voidable.

Reason (Ꭱ)

A contract is not voidable merely because it was caused by one of the parties to it being under a mistake as to a matter of fact.

Choices

Choice (4) Response

a.

Ꭺ is true but Ꭱ is false

b.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

c.

Both Ꭺ and Ꭱ are false

d.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

Question number: 48

» Contract Law

Assertion-Reason▾

Assertion (Ꭺ)

Mihir contracted with his friend saying that his friend would give him ten thousand dollars if it rained on Monday. On Monday, it actually rained. This contingent contract is enforceable.

Reason (Ꭱ)

Contingent contracts are contracts to do or not to do something, if some event,

collateral to such contracts, does or does not happen.

Choices

Choice (4) Response

a.

Ꭺ is false but Ꭱ is true

b.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

c.

Ꭺ is true but Ꭱ is false

d.

Both Ꭺ and Ꭱ are false

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