CA CPT Mercantile Law Question Papers 2012

11. In a contract where personal consideration is not the foundation of the contract, the contract may be performed by :-

a) Promisor himself
b) Promisor's agent
c) Promisor's legal representative
d) Any of the above

12. Amans, age of 17 yrs enter into a contract for the sale of property but breaches the contract before performance. Can buyer file any claim in this condition?

a) Yes
b) No
c) Can't say
d) None

13. A contingent contract dependent upon non-happening of a future uncertain event becomes vois when such event ______

a) Becomes impossible to occur
b) Happens
c) Does not happen
d) None of these

14. When the goods have been actually identified by the parties at the time of contract of sale, these goods are called _________

a) Specific goods
b) Ascertained goods
c) Uncertain goods
d) None of these

15. _____________ is the stipulation collateral to the main purpose of the contract, the breach of which gives rise to a claim for damages.

a) Warranty
b) Condition
c) Both a and b
d) None of these