CA Foundation : Law - Contingent Contracts and Quasi Contracts Quiz 3 Created on August 12, 2023 By admin Contingent Contracts and Quasi Contracts Quiz 1 / 18 Which one of the following is not an essential feature of a wagering agreement? Insurable interest Uncertain event Mutual chances of gain or loss Neither party to have control over the event 2 / 18 A contract of life insurance, the performance of which depends upon a future event falls under the category of _________. Contract of Indemnity Contract of Guarantee Contingent Contract Special type of Contract 3 / 18 If the contingent depends on the mere will of the promisor it would be _________. Valid Void Illegal Depends on the circumstances 4 / 18 An insurance contract is _________. Contingent contract Wagering agreement Unenforceable contract Void contract 5 / 18 A makes a contract with B to buy B’s horse if A survives C. This is _________. a Quasi-contract a Void contract a Contingent contract a Conditional contract 6 / 18 A promises to pay B a sum of money if a certain ship does not return within a year. The ship is sunk within a year. The contract is _________. Enforceable Void Voidable Illegal 7 / 18 Contract contingent upon the non-happening of the future uncertain event becomes enforceable _________. When the happening of that event becomes impossible and not before When the happening of that event becomes possible and not before When the event happens None of the above 8 / 18 Contracts contingent upon the non-happening of the future uncertain event becomes void when such event: Happens Does not happen The event becomes impossible None of the above 9 / 18 Contract contingent upon the happening of a future uncertain event becomes void. If the event becomes impossible If the event happens If the event does not happen None of the above 10 / 18 The contingent contract dependent on the happening of the future uncertain event can be enforced when such event: Happens Does not happen Does not become a impossible Both (a) & (c) 11 / 18 A finder of goods can: file a suit to recover his expenses sell the goods if he likes can sue for a reward, if any None of the above 12 / 18 Under section 70 of the Indian Contract Act, 1872, if a person who enjoys the benefit of any other person’s work, the beneficiary must pay to the benefactor for the services rendered, provided the intention of the benefactor was: Gratuitous Non-gratuitous To create legal relations None of these 13 / 18 In a contingent contract which event is contingent _________. Main event Collateral event Both (a) & (b) None of the above 14 / 18 Contingent contract dependent on the non-happening of the event within a fixed time can be enforced, if the event: Does not happen within the fixed time Before the time fixed such event becomes impossible Both(a)&(b) None of the above 15 / 18 Contingent contract to do or not to do anything, if an impossible event happens are: Valid Void Voidable Illegal 16 / 18 A finder can sell the goods if: the goods are ascertained the goods are un-ascertained the goods are valuable the goods are perishable 17 / 18 The contract uberrimae fidei means a contract _________. Of goodwill Guaranteed by a surety Of utmost good faith Of good faith 18 / 18 A finder of goods can sell the goods if the cost of finding the true owner exceeds: 1/4 of the value of the goods 1 /3 of the value of the goods 1 / 2 of the value of the goods 2/3 of the value of the goods Your score isThe average score is 44% LinkedIn Facebook Twitter VKontakte 0% Restart quiz 0 Created on August 12, 2023 By admin Contingent Contracts and Quasi Contracts T/F 1 / 12 The event in a contingent contract may be certain or uncertain. True False 2 / 12 A contract of insurance is not a contingent contract. True False 3 / 12 Any person making payment for another can get reimbursement from the person for whom he has paid. True False 4 / 12 A finder of goods can sue the true owner for recovery of expenses incurred for the safety of the goods. True False 5 / 12 Contracts contingent upon the happening of an uncertain specified event within a fixed time can become void only after the expiry of the fixed time. True False 6 / 12 Contracts of indemnity are contingent contracts. True False 7 / 12 A wagering agreement is a contingent contract. True False 8 / 12 In Quasi-contract the promise to pay is always an implication of law and not of facts. True False 9 / 12 A finder of lost goods is a bailee. True False 10 / 12 A person who enjoys the benefit of a non-gratuitous act is bound to make compensation. True False 11 / 12 A person cannot recover from another an amount paid under a mistake of law. True False 12 / 12 A person supplying articles of the necessities to the wife of a lunatic is entitled for reimbursement from the property of the lunatic. True False Your score isThe average score is 0% LinkedIn Facebook Twitter VKontakte 0% Restart quiz
