CONTRACT LAW MCQS SET 70

CONTRACT LAW MCQS SET 70

Discharge of contract

1. A bill of exchange which was accepted by B, reaches B’s hands after being negotiated and endorsed through several other parties. The contract is
a. Void
b. Discharged
c. Cancelled
d. Void ab initio

2. The alternation of a contract means alteration in the ……. of an existing contract.
a. parties
b. time
c. parties and terms
d. terms

3. In which of the ways can a contract be discharged by impossibility of performance?
a. Initial Impossibility
b. Supervening Impossibility
c. Either (a) or (b)
d. Neither (a) nor (b)

4. In which of the ways can a contract be discharged by impossibility of performance?
a. Pre contractual Impossibility
b. Post contractual Impossibility
c. Either (a) or (b)
d. Neither (a) nor (b)

5. In which of the ways can a contract be discharged by breach?
a. Anticipatory Breach
b. Actual Breach
c. Either (a) or (b)
d. Neither (a) nor (b)

6. In which of the ways can a contract be discharged by agreement between parties?
a. Novation
b. Rescission
c. Alteration
d. All of the above

7.In which of the ways can a contract be discharged by agreement between parties?
a. Novation
b. Merger
c. Remission
d. All of the above

8. In which of the ways can a contract be discharged by agreement between parties?
a. Remission
b. Waiver
c. Either (a) or (b)
d. Neither (a) nor (b)

9. The original contract need not be performed if there is
a. rescission of contract
b. novation of contract
c. alteration of contract
d. All of the above

10. If a new contract is substituted in place of an existing contract, it is called
a. Alteration
b. Rescission
c. Novation
d. Waiver
ANSWER:1.b
2. d
3. c
4. c
5. c
6. d
7. d
8. c
9. d
10. c