Q. In the context of property transfer, what is 'performance'?
-
A.
The act of fulfilling contractual obligations
-
B.
The act of breaching a contract
-
C.
The act of negotiating terms
-
D.
The act of drafting a contract
Solution
Performance refers to the act of fulfilling the obligations set out in a contract.
Correct Answer:
A
— The act of fulfilling contractual obligations
Learn More →
Q. Under the Transfer of Property Act, what is required for a valid contract concerning the sale of property?
-
A.
Written agreement
-
B.
Registration of the contract
-
C.
Payment of consideration
-
D.
All of the above
Solution
A valid contract for the sale of property requires a written agreement, registration, and payment of consideration.
Correct Answer:
D
— All of the above
Learn More →
Q. What constitutes consideration in a contract under the Transfer of Property Act?
-
A.
A promise to do something
-
B.
A promise to refrain from doing something
-
C.
A benefit to one party or a detriment to another
-
D.
All of the above
Solution
Consideration can be a promise to do something, a promise to refrain from doing something, or a benefit/detriment to the parties involved.
Correct Answer:
D
— All of the above
Learn More →
Q. What is a breach of contract?
-
A.
Failure to perform any term of a contract
-
B.
Performing a contract partially
-
C.
Performing a contract late
-
D.
All of the above
Solution
A breach of contract can occur through failure to perform, partial performance, or late performance.
Correct Answer:
D
— All of the above
Learn More →
Q. What is required for a valid offer under the Transfer of Property Act?
-
A.
Intention to create legal relations
-
B.
Communication of the offer
-
C.
Certainty of terms
-
D.
All of the above
Solution
A valid offer must have the intention to create legal relations, be communicated to the offeree, and have certainty of terms.
Correct Answer:
D
— All of the above
Learn More →
Q. What is the 'doctrine of part performance'?
-
A.
A principle allowing enforcement of an unregistered contract
-
B.
A principle allowing for specific performance of a contract
-
C.
A principle that requires all contracts to be in writing
-
D.
A principle that voids oral contracts
Solution
The doctrine of part performance allows for the enforcement of an unregistered contract if one party has partially performed their obligations.
Correct Answer:
A
— A principle allowing enforcement of an unregistered contract
Learn More →
Q. What is the effect of a counter-offer on the original offer?
-
A.
It accepts the original offer
-
B.
It rejects the original offer
-
C.
It modifies the original offer
-
D.
It has no effect on the original offer
Solution
A counter-offer effectively rejects the original offer and presents new terms.
Correct Answer:
B
— It rejects the original offer
Learn More →
Q. Which of the following is NOT a valid form of consideration?
-
A.
Past consideration
-
B.
Present consideration
-
C.
Future consideration
-
D.
Moral obligation
Solution
Moral obligation is not considered valid consideration under contract law.
Correct Answer:
D
— Moral obligation
Learn More →
Q. Which remedy is typically available for breach of contract under the Transfer of Property Act?
-
A.
Specific performance
-
B.
Injunction
-
C.
Damages
-
D.
All of the above
Solution
All of these remedies can be available for breach of contract, depending on the circumstances.
Correct Answer:
D
— All of the above
Learn More →
Showing 1 to 9 of 9 (1 Pages)
