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CA FOUNDATION ANTIM TEST SERIES
TEST-1: Indian Contract Act, 1872
Time: 1 hr Date: 17.11.2023 Maximum Marks: 30
General Instructions:
1. All Questions are compulsory.
2. After completing the Test make the PDF of the Answer Sheet and save the file
name with “YourName_Law _01”.
3. Upload your PDF file to the respective portal till 11.59 pm.
Q1. X agrees to pay Y Rs1,00,000/-, if Y kills Z. To pay Y, X borrows Rs1,00,000/- from
W, who is also aware of the purpose of the loan. Y kills Z but X refuses to pay. X also
to repay the loan to W. Explain the validity of the contract.
(i) Between X and Y.
(ii) Between X and W (4 Marks)
Q2. Explain the following statements in the light of provisions of Indian Contract Act,
1872:
(i) "Agreements made out of love and affection are valid agreements."
(ii) "Promise to pay a time barred debt cannot be enforced." (7 Marks)
Q3. Examine the validity of the following contracts as per the Indian Contract Act,
1872 giving reasons.
(i) X aged 16 years borrowed a loan of Rs 50,000 for his personal purposes. Few
months later he had become major and could not pay back the amount borrowed,
on due date. The lender wants to file a suit against X.
CA Foundation December 2023 Mock Test Series at https://commerceaim.vercel.app
CA FOUNDATION ANTIM TEST SERIES
TEST-1: Indian Contract Act, 1872
Time: 1 hr Date: 17.11.2023 Maximum Marks: 30
General Instructions:
1. All Questions are compulsory.
2. After completing the Test make the PDF of the Answer Sheet and save the file
name with “YourName_Law _01”.
3. Upload your PDF file to the respective portal till 11.59 pm.
Q1. X agrees to pay Y Rs1,00,000/-, if Y kills Z. To pay Y, X borrows Rs1,00,000/- from
W, who is also aware of the purpose of the loan. Y kills Z but X refuses to pay. X also
to repay the loan to W. Explain the validity of the contract.
(i) Between X and Y.
(ii) Between X and W (4 Marks)
Q2. Explain the following statements in the light of provisions of Indian Contract Act,
1872:
(i) "Agreements made out of love and affection are valid agreements."
(ii) "Promise to pay a time barred debt cannot be enforced." (7 Marks)
Q3. Examine the validity of the following contracts as per the Indian Contract Act,
1872 giving reasons.
(i) X aged 16 years borrowed a loan of Rs 50,000 for his personal purposes. Few
months later he had become major and could not pay back the amount borrowed,
on due date. The lender wants to file a suit against X.
CA Foundation December 2023 Mock Test Series at https://commerceaim.vercel.app
