T.Y B.COM
SEMESTER - 5
BUSINESS LAW
MCQs - CONTINGENT CONTRACT
1. A contingent contract is:
(a) void
(b) valid
(c) voidable
(d) illegal
2. A contingent contract dependent on the happening of future uncertain event can be enforced when the even
(a) happens
(b) does not happen
(c) become impossible
(d) all of these
3. An agreement to do an impossible act is:
(a) void
(b) voidable
(c) illegal
(d) enforceable
4. Contracts of insurance are:
(a) Uncertain agreements
(b) contingent agreements
(c) wagering agreements
(d) none of these
5. X contracts to pay Y Rs. 100000 of Y's house is burnt. This is a:
(a) wagering agreement
(b) voidable
(c) void agreement
(d) contingent contract
6. An uncertain agreement is:
(a) illegal
(b) valid
(c) void
(d) voidable
7. A contingent contract may be:
(a) void from begining
(b) void subsequently when event becomes impossible to happen
(c) voidable
(d) unlawful
8. A contract contingent upon non-happening of an event within fixed time, the contract may be enforced
(a) if it becomes certain that the event will not happen
(b) when a third party decides
(c) when the parties decide
(d) if the event happens within the time fixed
9. A agrees to pay rs. 1000 to B if a certain ship returns within a year. However, the ship sinks within the year so contract becomes:
(a) valid
(b) void
(c) voidable
(d) illegal
10. The following contracts are contingent contracts:
(a) Contract of insurance
(b) contract of guarantee
(c) contract to deliver goods on receipt from the factory
(d) both (a) and (b)
11. A contract to do or to abstain from doin a certain thing on the happening of an event:
(a) can not be enforced
(b) can be enforced when the event has happened
(c) can be enforced at any time
(d) cannot be lawful
12. A contract is not contingent contract:
(a) if the event is bound to happen
(b) if the promisor has control over the event
(c) if the event is a part of the promise of the contract
(d) in all of the above cases
13. If the performance of contingent contract depends upon happening of some event and if the happening of that event becomes impossible, if the contract becomes:
(a) voidable
(b) void
(c) illegal
(d) both (a) and (c)
14. A contract based on happening or non-happening of some event which is collateral to contract is called
(a) wagering contract
(b) contingent contract
(c) uncertaain contract
(d) illegal contract
15. A contingent contract based upon the happening of future event within a fixed time, the contract can be
(a) enforced even if the event does not take place within the fixed time
(b) enforced if the even happens within the fixed time
(c) enforced even if the event happens after the expiry of fixed time
(d) enforced at any time
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