Model Papers: Indian Contract Act Preliminary Model Paper 21

Q.1. Damages allowed under Section 73 of the Indian Contract Act, are

  1. liquidated damages
  2. compensatory damages
  3. penal damages
  4. none of the above
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Q.2. Section 124 of Indian Contract Act, includes under Contract of Indemnity the

  1. losses caused by human conduct
  2. losses caused by accident
  3. losses caused by natural calamity
  4. none of the above
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Q.3. A' contract to sing for 'B' at 8 concert and gets Rs. 1,000 as advance. 'A’ is too ill to sing, here:

  1. 'A' is bound losing.
  2. 'A' is bound to compensate 'B' for toss.
  3. 'A' is bound to return the amount of advance.
  4. None of the above
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Q.4. A' owes 'B' Rs. 5,000. 'A' pays to 'B' Rs. 2,000 and 'B' accepts it in satisfaction of whole claim on 'A', here

  1. whole debt is discharged
  2. no debt is discharged
  3. a part of debt is discharged
  4. none of the above
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Q.5. A contingent contract dependent on the happening of future uncertain event can be enforced when the event

  1. happens
  2. becomes impossible
  3. does not happen
  4. none of the above
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