CONTRACT WITH PERSON OF UNSOUND MIND

1. Under the Indian Contract Act, an agreement by a heavily drunk person has the same consequences as that of:-
   a) A mistaken agreement
   b) A monk’s agreement
   c) A gangster’s agreement
   d) A minor’s agreement
2. According to Section 11 of the Contract Act, a person is incompetent to contract if he is:
   a) Major
   b) Sound mind
   c) Unsound mind
   d) Not disqualified by law
3. A contract entered into by a person of unsound mind is-
   a) Valid
   b) Voidable at the option of the minor
   c) Void
   d) Voidable at the option of either party
4. Who is competent to contract as per the provisions of the Indian Contract Act?
   a) A person who has not attained majority.
   b) A person of unsound mind.
   c) A person who has been disqualified from contracting by the court.
   d) A person who has been debarred from contesting any elections.
5. ‘X’ is of unsound mind, at one time he becomes sound and enters into a contract with ‘Y’. Contract is:
   a) Valid
   b) Void
   c) Voidable
   d) Illegal
6. A patient in a lunatic asylum who is at intervals of sound mind:
   a) May contract on medical certificate.
   b) May contract during intervals.
   c) May not contract.
   d) May contract after complete sound mind.

Answer 1. (d) 2. (c) 3. (c) 4. (d) 5. (a) 6. (b)