MGT611 Quiz May 2026

VU QUIZ REPORT

Subject: MGT611

Quiz Completed: 19/05/2026, 22:06:59 Total Questions: 10

Q1. Promises which form the consideration for each other are called ________ promises.

1. Independent
2. Dependent
3. Reciprocal
4. Mutual

Correct answer: Reciprocal

Selected Answer: C

Q2. Enforceability of a contingent contract is described in which section of contract act?

1. Section 33
2. Section 34
3. Section 32
4. Section 31

Correct answer: Section 32

Selected Answer: C

Q3. Agreement made with alien-enemy during the period of war is:

1. Voidable agreement
2. Void agreement
3. Illegal agreement
4. Unenforceable agreement

Correct answer: Void agreement

Q4. A contract of insurance is a/an:

1. Contract of guarantee
2. Unilateral agreement
3. Wagering agreement
4. Contingent contract

Correct answer: Contingent contract

Q5. An offer to perform promise from one of several Joint Promises is:

1. An invalid offer
2. A valid offer
3. Breach of contract
4. A conditional offer

Correct answer: A valid offer

Q6. Mr. A agrees to sell 200 bags of sugar to Mr. B on 11th November at Rs.500/- per bag. Mr. B is to make payment on the delivery of sugar bags. Before the due date the price of sugar has increased to Rs. 600/- per bag. Mr. A refuse to supply sugar to Mr. B. There is a breach of contract Mr. B is:

1. Not entitled to claim Rs.100/- per bag of sugar
2. Entitled to claim Rs. 100/- per bag of sugar
3. Entitled to claim Rs. 600/- per bag of sugar
4. Not entitled to claim any amount

Correct answer: Entitled to claim Rs. 100/- per bag of sugar

Q7. Mr. B owes to Mr. A Rs.10,000. Mr. A ask Mr. B to deposit this amount in Mr. A’s Bank account. Mr. B deposits the amount in Mr. A’s account. After sometime bank has stopped functioning and Mr. A has no information regarding transfer of money to his account. Mr. A is claiming that Mr. B is still liable to pay him the amount. Is Mr. B liable?

1. Mr. B has followed the instruction of Mr. A so he is discharged from his obligation.
2. Mr. B is liable because he failed to perform reasonable care.
3. Mr. B has committed fraud so he is not discharged from his obligation.
4. Mr. B has committed negligence so he is not discharged from his obligation.

Correct answer: Mr. B has followed the instruction of Mr. A so he is discharged from his obligation.

Selected Answer: A

Q8. Valid tender requires:

1. To be unconditional
2. To be made for whole quantity / obligation
3. To be made at proper place and time
4. All of the above factors

Correct answer: All of the above factors

Q9. Due to unlawful object, agreement is:

1. Valid
2. Enforceable
3. Voidable
4. Void

Correct answer: Void

Q10. Agreements without free consent are voidable under which section of Contract Act?

1. Section 21
2. Section 19
3. Section 20
4. Section 22

Correct answer: Section 19