CONTRACT LAW MCQS SET 71

CONTRACT LAW MCQS SET 71

Discharge of contract

1. For a valid novation, new contract must be made
a. before making of the original contract
b. during the continuance of the original contract
c. after the conclusion of the original contract
d. all of the above

2. Novation may take place between
a. the same parties
b. different parties
c. either (a) or (b)
d. neither (a) nor (b)

3. Alteration may take place between
a. the same parties
b. different parties
c. either (a) or (b)
d. neither (a) nor (b)

4. Remission may take place between
a. the same parties
b. different parties
c. either (a) or (b)
d. neither (a) nor (b)

5. Waiver may take place between
a. the same parties
b. different parties
c. either (a) or (b)
d. neither (a) nor (b)

6. In discharge of contract by novation, the
consideration for the new contract is
a. the discharge of the old contract
b. separately supplied
c. decided by the parties
d. all of the above

7. For discharge of a contract by novation, consent of …………. is required
a. Promisee only
b. all the parties
c. at least two of the parties
d. promisor only

8. Rescission of a contract means
a. termination of contract
b. the renewal contract
c. alteration of contract
d. substitution of new contract in place of earlier one

9. Rescission may occur
a. by mutual agreement
b. where one party fails to perform his part of the promise
c. either (a) or (b)
d. neither (a) nor (b)

10. Where a party under a voidable contract, decides to rescind the same, the other party is
a. guilty of breach of contract
b. discharged from his promise
c. entitled for damages
d. All of the above
ANSWER:
1. b
2. c
3. a
4. a
5. a
6. a
7. b
8. a
9. c
10. b