Max gave a good contribution to company XYZ as donation which is a charitable organization and in
return XYZ promised to name an arena as “Max’s arena.” Which element of contract is fulfilled by
XYZ ? Fill in the blanks Consideration
Two fighters got into a contract for illegal fighting and it was decided that winner will take all money.
One fighter saw an opportunity and stole all the money and ran away. What is the option with other
fighter if he wishes to raise a complaint?
Contract is void as both did not had capacity
Contract is void as there was no consideration
Valid contract as mutual accent
X and Y got into contract in Feb where Y promised to deliver high quality goods. No timeline was
decided. It was peak winter and delivery issues and standard goods were delivered in May. X did not
agree to pay and mentioned it is a breach of contract, what is the reason
Breach of contract due to delay in delivery
Breach of contract due to non-confirming goods
X was fired by company Y for no reason. This was already mentioned in the contract. What is the
exception followed by most states where X can raise complaint against Y for wrongful discharge?
Public policy exception
Statutory exception
Covenant of good faith exception
Implied fact exception
Initial questions asked for property coverage
What valuation is used
What is the deductible
Is the damaged property a covered property
In non-insurance contracts, people can cheat, work for 1000 but can ask for 3000. How it is different
in insurance contracts? Insurance contracts are based on utmost good faith
In which of the following cases, insurer can directly avoid the contract - Misrepresentation/
Concealment/ Incorrect warranty
Why insurance in non-transferable contract ? The identities of the insured persons or organizations
are extremely relevant to the insurer
Which is mandatory in an insurance agreement to be valid ? Premium/ Deductible/ Duration/
Amount of insurance
A and B got into contract and A promised to deliver 500 chairs for B’s office. A used several trucks to
deliver. B’s office was under construction so B kept all the chairs in a shed outside the office. Who
will be liable for any damage to those chairs? B as delivery is already completed.
A took a loan by mortgaging his property with bank B. A is called as a mortgagor
A took insurance with company B and when B asked if he had any losses due to water damage
earlier, A denied. Later there was loss in A’s property deck was damaged due to water logging, under
what statutes B can rescind the contract ? contribute to loss statutes
return XYZ promised to name an arena as “Max’s arena.” Which element of contract is fulfilled by
XYZ ? Fill in the blanks Consideration
Two fighters got into a contract for illegal fighting and it was decided that winner will take all money.
One fighter saw an opportunity and stole all the money and ran away. What is the option with other
fighter if he wishes to raise a complaint?
Contract is void as both did not had capacity
Contract is void as there was no consideration
Valid contract as mutual accent
X and Y got into contract in Feb where Y promised to deliver high quality goods. No timeline was
decided. It was peak winter and delivery issues and standard goods were delivered in May. X did not
agree to pay and mentioned it is a breach of contract, what is the reason
Breach of contract due to delay in delivery
Breach of contract due to non-confirming goods
X was fired by company Y for no reason. This was already mentioned in the contract. What is the
exception followed by most states where X can raise complaint against Y for wrongful discharge?
Public policy exception
Statutory exception
Covenant of good faith exception
Implied fact exception
Initial questions asked for property coverage
What valuation is used
What is the deductible
Is the damaged property a covered property
In non-insurance contracts, people can cheat, work for 1000 but can ask for 3000. How it is different
in insurance contracts? Insurance contracts are based on utmost good faith
In which of the following cases, insurer can directly avoid the contract - Misrepresentation/
Concealment/ Incorrect warranty
Why insurance in non-transferable contract ? The identities of the insured persons or organizations
are extremely relevant to the insurer
Which is mandatory in an insurance agreement to be valid ? Premium/ Deductible/ Duration/
Amount of insurance
A and B got into contract and A promised to deliver 500 chairs for B’s office. A used several trucks to
deliver. B’s office was under construction so B kept all the chairs in a shed outside the office. Who
will be liable for any damage to those chairs? B as delivery is already completed.
A took a loan by mortgaging his property with bank B. A is called as a mortgagor
A took insurance with company B and when B asked if he had any losses due to water damage
earlier, A denied. Later there was loss in A’s property deck was damaged due to water logging, under
what statutes B can rescind the contract ? contribute to loss statutes
