Upload
anil-kumar-k-morabad
View
242
Download
0
Embed Size (px)
Citation preview
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 1/66
Contingent Contracts And Quasi Contracts
Mercantile Law
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 2/66
Mercantile Law : Contingent & QuasiContracts
2
CONTINGENT CONTRACTS
Section 31of the Indian Contract Act defines
contingent contract as “ A contract to do
or not to do something if some event,collateral to such contract, does or does
not happen”
So in simple words, it may be defined as aconditional contract.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 3/66
Mercantile Law : Contingent & QuasiContracts
3
Essential Elements of Valid
Contingent Contract
• There must be a valid contract.
• The performance of the contract must be
conditional.
• The event must be future uncertain.
• The event must be collateral to the contract.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 4/66
Mercantile Law : Contingent & QuasiContracts
4
Rules regarding the
enforcement of the Contingent
Contract• It depends on the happening of the future
uncertain event. So the contract will be enforced
only if that uncertain event has happened. (Section32)
• It depends on the Non-Happening of the future
uncertain event. So the contract will be enforced
only if the happening of that uncertain event becomes impossible as that event cannot happen.
(Section 33)
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 5/66
Mercantile Law : Contingent & QuasiContracts
5
Rules regarding the
enforcement of the Contingent
Contract Cont..• It depends on the happening of the specified
uncertain event within the fixed time. So thecontract will be enforced only if that uncertainevent happens within the fixed time. (Section 35)
• It depends on the Non-Happening of the specified uncertain event within the fixed time. So thecontract will be enforced only if the happening of that uncertain event becomes impossible withinthe fixed time as that event cannot happen.(Section 35, second para)
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 6/66
Mercantile Law : Contingent & QuasiContracts
6
Rules regarding the enforcement
of the Contingent Contract Cont..• Contingent Contract dependent on the
impossible event is void and cannot be
enforced by law as the impossible event willnever happen. This will be void whether the
impossibility of the event is known or not to
the parties at the time of making thecontract.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 7/66
Mercantile Law : Contingent & QuasiContracts
7
Multiple Choice Questions
(MCQ’S)1. A agrees to pay Rs 5000 to B if B’s car is
burnt. It is
a. Void
b. Voidable
c. Illegal
d. Valid
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 8/66
Mercantile Law : Contingent & QuasiContracts
8
Multiple Choice Questions
(MCQ’S)1. A agrees to pay Rs 5000 to B if B’s car is
burnt. It is
a. Void
b. Voidable contract
c. Wagering Agreement
d. Valid Contract
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 9/66
Mercantile Law : Contingent & QuasiContracts
9
Multiple Choice Questions
(MCQ’S)2. Which of the following is not an essential
requirement of a valid contingent requirement:
a. The performance must be conditional.
b. The event must be uncertain.
c. The event must form the part of the contract.d. The event must be independent or ancillary
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 10/66
Mercantile Law : Contingent & QuasiContracts
10
Multiple Choice Questions
(MCQ’S)2. Which of the following is not an essential
requirement of a valid contingent requirement:
a. The performance must be conditional.
b. The event must be uncertain.
c. The event must form the part of the contract.d. The event must be independent or ancillary
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 11/66
Mercantile Law : Contingent & QuasiContracts
11
Multiple Choice Questions
(MCQ’S)3. An uncertain event on the happening or non
happening of which the performance of a
contingent contract depends:a. Must be an act of the party.
b. Must not be an act of the parties.
c. Must be some other independent event.d. May be an act of the parties or someother independent event.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 12/66
Mercantile Law : Contingent & QuasiContracts
12
Multiple Choice Questions
(MCQ’S)3. An uncertain event on the happening or non
happening of which the performance of a
contingent contract depends:a. Must be an act of the party.
b. Must not be an act of the parties.
c. Must be some other independent event.d. May be an act of the parties or some
other independent event.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 13/66
Mercantile Law : Contingent & QuasiContracts
13
Multiple Choice Questions
(MCQ’S)4. A contingent contract depending on the
happening of the impossible event is:
a. Void
b. Voidable
c. Valid
d. Illegal
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 14/66
Mercantile Law : Contingent & QuasiContracts
14
Multiple Choice Questions
(MCQ’S)4. A contingent contract depending on the
happening of the impossible event is:
a. Void
b. Voidable
c. Valid
d. Illegal
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 15/66
Mercantile Law : Contingent & QuasiContracts
15
Multiple Choice Questions
(MCQ’S)5. A contract of life insurance is a:
a. Contract of indemnity
b. Contingent contract
c. Wagering agreementd. Uncertain agreement
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 16/66
Mercantile Law : Contingent & QuasiContracts
16
Multiple Choice Questions
(MCQ’S)5. A contract of life insurance is a:
a. Contract of indemnity
b.Contingent contract
c.Wagering agreementd.Uncertain agreement
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 17/66
Mercantile Law : Contingent & QuasiContracts
17
Multiple Choice Questions
(MCQ’S)6. A contingent contract dependent on the
Non-Happening of the future uncertain
event can be enforced when that event:a. Happens
b. Becomes impossible
c. Does not becomes impossible
d. Both a and c.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 18/66
Mercantile Law : Contingent & QuasiContracts
18
Multiple Choice Questions
(MCQ’S)6. A contingent contract dependent on the
Non-Happening of the future uncertain
event can be enforced when that event:a. Happens
b. Becomes impossible
c. Does not becomes impossible
d. Both a and c.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 19/66
Mercantile Law : Contingent & QuasiContracts
19
Multiple Choice Questions
(MCQ’S)7. A contingent contract dependent on the
Non-Happening of the future uncertain
event becomes void when such event:a. Happens
b. Becomes impossible
c. Does not becomes impossible
d. Both a and c.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 20/66
Mercantile Law : Contingent & QuasiContracts
20
Multiple Choice Questions
(MCQ’S)7. A contingent contract dependent on the
Non-Happening of the future uncertain
event becomes void when such event:a. Happens
b. Becomes impossible
c. Does not becomes impossible
d. Both a and c.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 21/66
Mercantile Law : Contingent & QuasiContracts
21
Multiple Choice Questions
(MCQ’S)8. A contracts to pay Rs 50,000 to B if B
marries C. But C dies before marriage. The
contract between A and B:a. cannot be enforced.
b. can be enforced at the option of A.
c. can be enforced if B marries C’s sister.d. can be enforced at the option of B.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 22/66
Mercantile Law : Contingent & QuasiContracts
22
Multiple Choice Questions
(MCQ’S)8. A contracts to pay Rs 50,000 to B if B
marries C. But C dies before marriage. The
contract between A and B:a. cannot be enforced.
b. can be enforced at the option of A.
c. can be enforced if B marries C’s sister.
d. can be enforced at the option of B.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 23/66
Mercantile Law : Contingent & QuasiContracts
23
Multiple Choice Questions
(MCQ’S)9. A contract of insurance which does not
provide for the payment of the fixed amount
but according to the loss suffered by theinjured person, is a:
a. Contract of indemnity.
b. contract of guarantee.
c. wagering agreement
d. contingency contract
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 24/66
Mercantile Law : Contingent & QuasiContracts
24
Multiple Choice Questions
(MCQ’S)9. A contract of insurance which does not
provide for the payment of the fixed amount
but according to the loss suffered by theinjured person, is a:
a. Contract of indemnity.
b. contract of guarantee.
c. wagering agreement
d. contingency contract
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 25/66
Mercantile Law : Contingent & QuasiContracts
25
Multiple Choice Questions
(MCQ’S)10. Legally the term contingency contract is
defined in:
a. Section 30
b. Section 31
c. Section 56
d. Section 68
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 26/66
Mercantile Law : Contingent & QuasiContracts
26
Multiple Choice Questions
(MCQ’S)10. Legally the term contingency contract is
defined in:
a. Section 30
b. Section 31
c. Section 56
d. Section 68
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 27/66
Mercantile Law : Contingent & QuasiContracts
27
QUASI CONTRACT
It an obligation, which the law creates inthe absence of the agreement. It is not acontract in the strict sense of the term because there is no real contract in
existence. A contract is intentionally entered into. A quasi contract is , on the other hand,is created by law. Moreover there is nointension of the parties to enter into the
contract. The Indian Contract Act does notuse the term “Quasi Contract” for suchobligation.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 28/66
Mercantile Law : Contingent & QuasiContracts 28
QUASI CONTRACT
It describes quasi contracts as “ certaincontracts resembling those created by
the contract.” These have been named
as quasi contract because althoughthere is no contract or agreement
between the parties, they are put in the
position as if the there was a contract between them.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 29/66
Mercantile Law : Contingent & QuasiContracts 29
BASIS OF QUASI
CONTRACTIt is based on the maxim of “nomo
debet locuplatari ex liena justua” i.e.
no man must grow rich out of another
person’s costs. In other words ,a person
shall not be allowed to enrich himself
at the expense of another.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 30/66
Mercantile Law : Contingent & QuasiContracts 30
QUASI CONTRACT
The principle of unjust requires:
a. the defendant has been enriched by the
receipt of the benefit.
b. this enrichment is at the expense of
plaintiff.
c. the retention of the enrichment is unjust.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 31/66
Mercantile Law : Contingent & QuasiContracts 31
Kinds of Quasi Contract
1. Supply of necessaries to persons who are
incompetent to contract (Section68).
2. Payment by the interested person(Sec. 69).
3. Non-gratuitous acts(Section70).
4. Finder of Goods(Section71).
5. Payment of money or deliver of goods by
mistake or under coercion(Section72).
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 32/66
Mercantile Law : Contingent & QuasiContracts 32
Section 68
Claim for necessaries supplied to personincapable of contracting: Sometimes a person supplies the necessaries to the person incompetent to enter into the
contract( i.e. minor, persons of unsound mind etc.). In such cases, the personsupplying the necessaries is entitled torecover the cost of necessaries from the property of such incompetent person even if there is no valid contract between them.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 33/66
Mercantile Law : Contingent & QuasiContracts 33
Section 69
Right to recover money paid for another person:
Sometimes the person makes the payment which
is the legal duty of another person. In such a casethe person who has made the payment can recover
such a money from the person who is legally
bound to pay. Such type of cases generally arise
when the payment is made by the interested partyto protect the property from going in the hands of
another person.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 34/66
Mercantile Law : Contingent & QuasiContracts 34
Section 69 Cont…
The essential requirement of section 69 are
as follows:
1. The payment made should be bonafide for the protection of one’s interest.
2. The payment should be a voluntary one.
3. The payment must be such as the other
party was bound by law to pay.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 35/66
Mercantile Law : Contingent & QuasiContracts 35
Section 70
Obligation of the person enjoying thebenefits of non-gratuitous acts:“Where a
person lawfully does anything for another
person, or delivers anything to him not
intending to do so gratuitously and such
other person enjoys the benefit thereof , the
later is bound to make compensation to the
former in respect of , or to restore , thethinks so done or delivered.”
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 36/66
Mercantile Law : Contingent & QuasiContracts 36
Section 70 Cont…
The following conditions must be satisfied forthe recovery of the compensation for non
gratuitous acts:
1. The person must lawfully do something for
another person or deliver some thing to him.
2. The person doing some act or delivering
something must not intend to act gratuitously.
3. The other person must voluntarily accept the actsor goods and he must have enjoyed the benefits.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 37/66
Mercantile Law : Contingent & QuasiContracts 37
Section 71
Responsibility of the finder of thegoods:
“A person who finds the goods belonging
to another person and takes them intohis custody subject to the sameresponsibility as that of bailee”. He isnot to appropriate the goods use and when the owner is traced, to restore it tothe owner.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 38/66
Mercantile Law : Contingent & QuasiContracts 38
Section 71Cont…
He is therefore required to take as much
care of the goods found as a man of
ordinary prudence would under the similar circumstances take care of his own goods of
the same bulk, quantity and value as those
of the goods found.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 39/66
Mercantile Law : Contingent & QuasiContracts 39
Section 72
Liability for money paid or thing
delivered by mistake or under coercion:
“A person to whom the money has been paid, or anything delivered, by mistake or
under coercion must repay or return it.”
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 40/66
Mercantile Law : Contingent & QuasiContracts 40
Multiple Choice Questions
(MCQ’S)1. About Quasi obligation, which of the
following is correct:
a. There is no real contract in existence
b. There is no offer and acceptance.
c. There is no intension to make contract.
d. All of these.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 41/66
Mercantile Law : Contingent & QuasiContracts 41
Multiple Choice Questions
(MCQ’S)1. About Quasi obligation, which of the
following is correct:
a. There is no real contract in existence
b. There is no offer and acceptance.
c. There is no intension to make contract.
d. All of these.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 42/66
Mercantile Law : Contingent & QuasiContracts 42
Multiple Choice Questions
(MCQ’S)2. Quasi contracts are enforceable even if
the essential elements of the contract are not
present:a. True, as quasi contractual obligation have
been made specifically made enforceable.
b. False, as an agreement which lacksessential elements is void and unforceable.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 43/66
Mercantile Law : Contingent & QuasiContracts 43
Multiple Choice Questions
(MCQ’S)2. Quasi contracts are enforceable even if the
essential elements of the contract are not
present:a. True, as quasi contractual obligationhave been made specifically madeenforceable.
b. False, as an agreement which lacksessential elements is void and unforceable.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 44/66
Mercantile Law : Contingent & Quasi
Contracts
44
Multiple Choice Questions
(MCQ’S)3. The basis of quasi contractual obligation is the:
a. Existence of a valid contract between the parties.
b. Existence of a voidable contract between the parties.
c. Prevention of unjust enrichment at the expense
of others.d. Provision contained in section 10 of thecontract.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 45/66
Mercantile Law : Contingent & Quasi
Contracts
45
Multiple Choice Questions
(MCQ’S)3. The basis of quasi contractual obligation is the:
a. Existence of a valid contract between the parties.
b. Existence of a voidable contract between the parties.
c. Prevention of unjust enrichment at the
expense of others.d. Provision contained in section 10 of thecontract.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 46/66
Mercantile Law : Contingent & Quasi
Contracts
46
Multiple Choice Questions
(MCQ’S)4. Quasi contractual relations are based upon
the intensions of the parties:
a. True, an intensions is the basis of everyenforceable contract.
b. False, as this relation is imposed upon the
parties by the law.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 47/66
Mercantile Law : Contingent & Quasi
Contracts
47
Multiple Choice Questions
(MCQ’S)4. Quasi contractual relations are based upon
the intensions of the parties:
a. True, an intensions is the basis of everyenforceable contract.
b. False, as this relation is imposed upon
the parties by the law.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 48/66
Mercantile Law : Contingent & Quasi
Contracts
48
Multiple Choice Questions
(MCQ’S)5. A paid some money to B by mistake which was in
fact due to C. in this case:
a. A is not entitled to recover money as there is nocontract between A & B
b. A is not entitled to recover money as mistakemakes the agreement, if any void.
c. A is not entitled to recover money under
section72 0f Indian contract act.d. B is not liable to pay as he did not ask for such
payment.
M lti l Ch i Q ti
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 49/66
Mercantile Law : Contingent & Quasi
Contracts
49
Multiple Choice Questions
(MCQ’S)5. A paid some money to B by mistake which was in
fact due to C. in this case:
a. A is not entitled to recover money as there is nocontract between A & B
b. A is not entitled to recover money as mistakemakes the agreement, if any void.
c. A is entitled to recover money under section72 of Indian contract act.
d. B is not liable to pay as he did not ask for such payment.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 50/66
Mercantile Law : Contingent & Quasi
Contracts
50
Multiple Choice Questions
(MCQ’S)6. If the obligation created by the quasi contract has
not been discharged, then the injured party
becomes entitled to receive compensation from the
party in default:
a. True, as section 73 makes a provision in this
regard.
b. True, as section 73 simply makes the quasicontract enforceable without consideration.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 51/66
Mercantile Law : Contingent & Quasi
Contracts
51
Multiple Choice Questions
(MCQ’S)6. If the obligation created by the quasi contract has
not been discharged, then the injured party
becomes entitled to receive compensation from the
party in default:
a. True, as section 73 makes a provision in this
regard.
b. True, as section 73 simply makes the quasicontract enforceable without consideration.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 52/66
Mercantile Law : Contingent & Quasi
Contracts
52
Multiple Choice Questions
(MCQ’S)7. A’s property was wrongly advertise for
sale for recovery of government revenue
due from B. In order to save his property,
A paid the government dues.In this case,
A is entitled to recover the amount of dues
paid by him from B on the basis of:
a. Government contract b. Valid contract
c. Quasi contract d. None of these
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 53/66
Mercantile Law : Contingent & Quasi
Contracts
53
Multiple Choice Questions
(MCQ’S)7. A’s property was wrongly advertise for
sale for recovery of government revenue
due from B. In order to save B’s property, A
paid the government dues.In this case, A is
entitled to recover the amount of dues paid
by him from B on the basis of:
a. Government contract b. Valid contract
c. Quasi contract d. None of these
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 54/66
Mercantile Law : Contingent & Quasi
Contracts
54
Multiple Choice Questions
(MCQ’S)8.A, a tradesman left certain goods at B’s house by
mistake, who treats the goods as his own. In thiscase:
a. B is not bound to pay the goods as there is no
binding contract. b. B is bound to pay as A’s act is non gratuitousand quasi contract arises between them under section 70.
c. A is not entitled to recover as no such relationsarise under section 70 due to one’s own mistake.
d. The contract is voidable at the option of either party.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 55/66
Mercantile Law : Contingent & Quasi
Contracts
55
Multiple Choice Questions
(MCQ’S)8.A, a tradesman left certain goods at B’s house by
mistake, who treats the goods as his own. In thiscase:
a. B is not bound to pay the goods as there is no binding contract.
b. B is bound to pay as A’s act is non gratuitousand quasi contract arises between them undersection 70.
c. A is not entitled to recover as no such relationsarise under section 70 due to one’s own mistake.
d. The contract is voidable at the option of either
party.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 56/66
Mercantile Law : Contingent & Quasi
Contracts
56
Multiple Choice Questions
(MCQ’S)9. A supplies to B, a lunatic, the necessaries
suitable to his conditions in life.In this case:
a. B is personally liable to pay.
b. B’s property is liable.
c. B’s parents are personally liable.
d. If B’s property is not sufficient to
reimburse, then he is personally liable.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 57/66
Mercantile Law : Contingent & Quasi
Contracts
57
Multiple Choice Questions
(MCQ’S)9. A supplies to B, a lunatic, the necessaries
suitable to his conditions in life.In this case:
a. B is personally liable to pay.
b. B’s property is liable.
c. B’s parents are personally liable.
d. If B’s property is not sufficient to
reimburse, then he is personally liable.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 58/66
Mercantile Law : Contingent & Quasi
Contracts
58
Multiple Choice Questions
(MCQ’S)10. Which of the following expression is used in the
Indian Contract Act in the part dealing withquasi contract?
a. Quasi contractual obligations.
b. Certain relations of Quasi contractualobligations.
c. Certain relations resembling those created bycontract.
d. Obligation in absence of actual contract.
M lti l Ch i Q ti
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 59/66
Mercantile Law : Contingent & Quasi
Contracts
59
Multiple Choice Questions
(MCQ’S)10. Which of the following expression is used
in the Indian Contract Act in the partdealing with quasi contract?
a. Quasi contractual obligations. b. Certain relations of Quasi contractual
obligations.
c. Certain relations resembling thosecreated by contract.
d. Obligation in absence of actual contract.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 60/66
Mercantile Law : Contingent & Quasi
Contracts
60
Multiple Choice Questions
(MCQ’S)11. A quasi contract is a:
a. A contract
b. A legal obligation
c. An agreement
d. A contingent contract
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 61/66
Mercantile Law : Contingent & Quasi
Contracts
61
Multiple Choice Questions
(MCQ’S)11. A quasi contract is a:
a. A contract
b. A legal obligation
c. An agreement
d. A contingent contract
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 62/66
Mercantile Law : Contingent & Quasi
Contracts
62
Multiple Choice Questions
(MCQ’S)12. A quasi contract is not enforceable
contract:
a. True b. False
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 63/66
Mercantile Law : Contingent & Quasi
Contracts
63
Multiple Choice Questions
(MCQ’S)12. A quasi contract is not enforceable
contract:
a. Trueb. False
Reason:A quasi contract is enforceable as per
the rules contained in sections 68 to 72.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 64/66
Mercantile Law : Contingent & Quasi
Contracts
64
Multiple Choice Questions
(MCQ’S)13.
The Indian contract Act expressly uses the
words quasi contracts to give legalrecognition to these contracts.
a. Correct b. Incorrect
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 65/66
Mercantile Law : Contingent & Quasi
Contracts
65
Multiple Choice Questions
(MCQ’S)13. The Indian contract Act expressly uses
the words quasi contracts to give legalrecognition to these contracts.
a. Correct b. incorrect
Reason: The Indian contract Act expresslyuses the words “Certain relations
resembling those created by contract” for quasi contractual obligation.
7/27/2019 16815 Contingent
http://slidepdf.com/reader/full/16815-contingent 66/66
THE END
Contingent & Quasi Contracts