CAF-4 Chapter-8 CERTAIN RELATIONS RESEMBLING THOSE CREATED BY CONTRACT

CAF-4 | Ch-8 | CERTAIN RELATIONS RESEMBLING THOSE CREATED BY CONTRACT

CAF-4 Chapter-8 Certain relations resembling those created by contract

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Business Law Quiz for the ICAP CA students.

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Question 1 of 12

1. Question
1 points

Category: CAF4
Quasi-contract means
- Obligations imposed by law resembling those created by contract
- Obligation partly created by contract and partly by the law
- Obligation partially-enforceable by the law
- An obligation imposed by contract
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Question 2 of 12

2. Question
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Category: CAF4
Quasi-contract are based on
- Surrounding circumstances
- Naturally created rights and obligation
- Principal of equity and justice
- Principal of reasonableness and fairness
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Question 3 of 12

3. Question
1 points

Category: CAF4
In case, articles of necessaries are supplied to the person having no contractual capacity or to his dependent, the supplier is entitled to be reimbursed
- From the property of that incapable person
- From the property of the dependent
- Personal liability of that capable person
- From none of these
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Question 4 of 12

4. Question
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Category: CAF4
Compensation for non-gratuitous act is valid provided
- Party doing act has an intention to get compensation
- The person for whom the act is done must have got the benefit
- An act done by the party is lawful
- All of the above
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Question 5 of 12

5. Question
1 points

Category: CAF4
In case, necessaries are supplied to the person having no contractual capacity, which of the following is recoverable from his property
- Market price
- Contracted price
- Reasonable price
- Cost-plus price
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Question 6 of 12

6. Question
1 points

Category: CAF4
Finder of goods is under legal obligation for taking
- Reasonable care of the goods
- Required care of the goods
- Little care of the goods
- That much care, which he can take
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Question 7 of 12

7. Question
1 points

Category: CAF4
When one party under a mistake pays money to the other party, which is not due by contract, then
- That other party should refuse to repay it
- That other party must repay it to the party paying it
- That other party may repay it to the party paying it
- That other party may refuse to repay it
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Question 8 of 12

8. Question
1 points

Category: CAF4
Quasi-contract implies the creation of legal rights and obligations between parties without making any formal contract which one of the following is not the type of Quasi-contract
- Supply of necessaries to the person having no contractual capacity
- Supply of necessaries to the person having no contractual capacity or to his dependent
- Obligation to pay for non-gratuitous act or service
- Obligation to pay for gratuitous act or service
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Question 9 of 12

9. Question
1 points

Category: CAF4
Mr. A has lost his pet dog. Not being able to find it out he announces that whosoever finds it and returns it back to him, he will suitably reward him. Mr. D found that dog and took custody of it. On tracing Mr. A, Mr. D claimed expenses which he incurred for the maintenance of the dog and reward. State the legal position
- Mr. A is bound to pay only reward to Mr. D
- Mr. A is bound to pay only expenses to Mr. D
- Mr. A is bound to pay both reward and expenses to Mr. D
- Mr. A is bound to pay nothing to Mr. D
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Question 10 of 12

10. Question
1 points

Category: CAF4
Mr. X supplied rice and wheat worth Rs.20000/-, Mr. Y supplied a mobile phone worth Rs. 30000/- and Mr. Z lent Rs.50000/- for the purchase of necessaries to the wife and children of Mr. M, a lunatic. Mr. M has assets worth Rs. 100000/-. Can Mr. X, Mr. Y and Mr. Z recover anything from Mr. M?
- Mr. X, Mr. Y and Mr. Z can recover their full money.
- Mr. X, Mr. Y and Mr. Z cannot recover their full money.
- Mr. X and Mr. Y can recover their full money.
- Mr. X and Mr. Z can recover their full money.
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Question 11 of 12

11. Question
1 points

Category: CAF4
In the case of a non-gratuitous act or service, the obligation to pay arises if the following condition is satisfied.
- The thing must have been done or delivered lawfully
- The person who had done or delivered the thing must not have intended to do so gratuitously
- The person for whom the act is done must have enjoyed the benefit of the act
- All of the above
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Question 12 of 12

12. Question
1 points

Category: CAF4
In Quasi-contract, there are
- Legal formalities
- Legal obligations
- Contractual obligations
- None of these
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CAF-4 | Ch-8 | CERTAIN RELATIONS RESEMBLING THOSE CREATED BY CONTRACT