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Question 1
MOST EXPECTED
A owes B Rs10,000. A enters into an arrangement with B and gives B a mortgage of his (A's) estate for 5.000 rupees in place of the debt of Rs10,000. This is a -
  1. new contract and extinguishes the old
  2. not a new contract
  3. does not extinguishes the old
  4. None of the above
Question 2
MOST EXPECTED
If minor is supplied with necessaries then-
  1. minor is personally liable
  2. minor is not liable
  3. minor's estate or property is liable
  4. minor's is liable on becoming major
Question 3
MOST EXPECTED
A contingent contract dependent on the happening of uncertain event in the future can be enforced when the event-
  1. Happens
  2. Becomes impossible
  3. does not happen
  4. none of the above is correct
Question 4
MOST EXPECTED
The juridical basis of quasi-contractual obligation can be explained through the theory of -
  1. indebitatus assumpsit
  2. unjust enrichment
  3. just and reasonable solution
  4. voluntary benefits
Question 5
MOST EXPECTED
A contracts to pay B Rs.1000/-if B's house is burnt.
  1. The contract is void
  2. It is contingent contract
  3. It is voidable contract
  4. None of the above.