Objective Questions with Answers on Law Of Contracts - 29

1) A agrees with B to discover treasure by magic. The agreement is :

A) Void under section 30 because it is a wagering agreement.

B) Void being opposed to public policy.

C) Unenforceable because the object is illegal .

D) Void under section 56 because it is to do an impossible act .

Answer : D

2)  Which of the following agreement is not void ?

A) Agreement without consideration.

B) Agreement in restraint marriage.

C) Wagering Agreement.

D) Agreement with handicapped person.

Answer : D

3) A promises  B to drop a prosecution which he has instituted against B for robbery and B promises to restore the value of things robbed . In this case :

A)  The agreement is valid .

B)  Agreement is voidable.

C) The agreement can be made valid with prior permission of the court .

D) Being illegal agreement. It is void .

Answer : D

4) A wagering agreement is :

A) Void but not illegal

B) Illegal

C) Void and illegal

D) Valid

Answer : C

5) A clause in an agreement that all disputes shall be referred to arbitration of two competent London brokers and their decision shall be final is :

A) Void

B) Voidable

C) Valid

D) Illegal

Answer : C