AILET entrance exam Question Bank Solutions

Which of the following offences can be prosecuted under the newly enacted Fugitive Economic Offenders Act, 2018?

I. Economic offences involving ₹100 crores and more
II. Dishonouring of cheques
III. Money laundering
IV. Benami transactions

What is the punishment under the Official Secrets Act, 1923 for the offence of spying in relation to any work of defense establishment or in relation to any secret official code?

The Supreme Court has said that FIR in respect heinous and serious offenses cannot be quashed solely on the ground that the dispute was settled amicably between the parties. Which of the following were included in the list of “heinous and serious offenses”?

I. Offenses under Prevention of Corruption Act
II. Some Offences under Arms Act
III. Rape
IV. Offenses by public servants in their official capacity

Consists of legal proposition(s)/  principle(s) (hereinafter referred to as 'principle') and facts. Such principles may or may not be true in the real and legal sense, yet you have to conclusively assume them to be true for the purposes of this Section. In other words, in answering these questions, you must not rely on any principle except the principles that are given herein below for every question.  
Further, you must not assume any facts other than those stated in the question. The objective of this section is to test your interest in the study of law, research aptitude, and problem-solving ability, even if the 'most reasonable conclusion' arrived at may be absurd or unacceptable for any other reason. It is not the objective of this section to test your knowledge of the law.  
Therefore, to answer a question, the principle is to be applied to the given facts and to choose the most appropriate option. 

Principle: When a person who has made a promise to another person to do something does not fulfill his promise, the other person becomes entitled to receive, from the person who did not fulfill his promise, compensation in the form of money.

Facts: ‘X’ made a promise to ‘Y’ to repair his car engine. ‘Y’ made the payment for repair. After the repair, ‘Y’ went for a drive in the same car. While driving the car, ‘Y’ met with an accident due to the bursting of a tire.

The law of contract is nothing but

The Contract Act came into force

A sells his car to B. A has a right to recover the price of the car from B. This right is a

A owns a residential flat. He is entitled to a quiet possession and enjoyment of his property. This is called

A contract creates

Agreement to murder a person

An agreement is valid

Voidable contract is one

When the contract is perfectly valid but cannot be enforced because of certain technical defects. This is called

A and B enter into a contract to marry each other. Before the time fixed for the marriage, A goes mad. The contract becomes

LEGAL PRINCIPLE When a contract has been broken, the party who suffers by such breach is entitled to receive, from the party who has broken the contract, compensation for any loss or damage caused to him thereby, which naturally arose in the usual course of things from such breach. or which the parties knew, when they made the contract to be likely to result from the breach of it. Such compensation is not given for any remote or indirect loss or damage sustained by reason of the breach. Decide, whether and to what extent B is entitled to damages in the following situation. 

FACTUAL SITUATION A contracts with B to sell him 1000 tonnes of iron at ₹ 100 per tonne. B tells A that he needs the iron for export purposes, and that he would be selling the iron at ₹ 200 per tonne. A breaks the contract. When the question comes about damages, A says he will pay only ₹ 5000 as damages because the same variety of iron was available in the market at ₹ 105 per tonne. B however contends that he should be given ₹ 100000 because that was the profit which )he would have made had A fulfilled tbe contract B had actually bought the iron at ₹ 110 and had exported it. B is

LEGAL PRINCIPLE The contract after the death of one party can be continued if it is ratified by the surviving party.

FACTUAL SITUATION Vishal, a famous artist was requested by Arun, an industrialist to draw the portrait of his deceased wife and paid ₹ 20,000/- in advance and agreed to pay when the work was completed, a sum of ₹2 lakhs·. When the portrait was half drawn, Vishal died due to a heart attack. His son also a fine artist completed his father's work and. demanded the money from Arun. Aron refused to pay and to accept the portrait drawn by Vishal's son and also demanded the advance to be returned. 

A lease agreement is a form of

The frustration of contract implies 

Given below is a statement of legal principle followed by factual situations. Apply the principle to the facts and select the most appropriate answer.

LEGAL PRINCIPLE: An agreement, the meaning of which is not certain, or capable of being made certain, is void.

FACTUAL SITUATION: A and B, who were brothers, entered into an agreement which stated that A would sell his entire share of the ancestral property to B. The agreement did not mention the specific details (like survey number) of the property.

Given below is a statement of legal principle followed by a factual situation. Apply the principle to the facts and select the most appropriate answer.

PRINCIPLE An agreement is void to the extent that it restricts absolutely a party from enforcing his contractual rights by usual proceedings in any ordinary court.

FACTUAL SITUATION: A and B entered into a transaction in Delhi for sale of goods based in Delhi. The contract stated that in case of a dispute, only civil courts in Chennai would have jurisdiction. Neither A nor B resided or carried on business in Chennai.