Contract Law (CLAT Legal-Aptitude): Questions 10 - 11 of 97

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Question number: 10

» Contract Law

MCQ▾

Question

Which of the following is incorrect as far as a contract of guarantee is concerned?

Choices

Choice (4) Response

a.

The surety is discharged by any contract between the creditor and the principal debtor, by which the principal debtor is released, or by any act or omission of the creditor, the legal consequence of which is the discharge of the principal debtor.

b.

The liability of the surety is co-extensive with that of the principal debtor, unless it is otherwise provided by the contract.

c.

It is a contract to perform the promise, or discharge the liability, of a third person in case of his default.

d.

None of the above

Question number: 11

» Contract Law

Appeared in Year: 2014

MCQ▾

Question

PRINCIPLE: Minor’s agreement is void from the very beginning. It can never be validated. It cannot be enforced in the court of law.

FACTS: `1’, a boy of 16 years of age, agrees to buy a camera from `2’, who is a girl of 21 years of age.

Which of the following derivations is CORRECT?

Choices

Choice (4) Response

a.

There arises a contract between `1’ and `2’ to sell/buy the camera in question

b.

There arises an enforceable agreement between `1’ and `2’ to sell/buy the camera in question

c.

There does not arise any contract between `1’ and ‘2’ to sell/buy the camera in question

d.

There arises a voidable contract between `1’ and `2’, to sell/buy the camera in question

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