CONTRACT LAW MCQS SET 72

CONTRACT LAW MCQS SET 72

Discharge of contract

1. Rescission of a voidable contract shall be communicated or revoked in the same manner as the communication or revocation of
a. Breach
b. Acceptance
c. Proposal
d. Impossibility

2. A contracts with B to deliver goods to B on 1st July. A does not deliver goods on 1st July. B may rescind the contract. The contract is rescinded due to
a. Mutual decision
b. A’s failure to perform
c. Impossibility of performance
d. Revocation of proposal

3. A contracts with B to deliver goods to B on 10 th July. A fails to deliver goods on 10th July. It is said
a. Anticipatory Breach of contract
b. Actual Breach of contract
c. Novation of contract
d. Revocation of proposal

4. A, Hindu, who was already married, contracts to marry B, a Hindu girl. The contract is void on the ground of
a. Initial impossibility
b. Supervenining impossibility
c. Social impossibility
d. No consideration

5. When the parties mutually agree to change certain terms of contract. This is called
a. rescission of contract
b. novation of contract
c. alteration of contract
d. remission of contract

6. In case of alteration, there is a change in the parties and new parties may be included.
a. True
b. Partly True
c. False
d. None of the above

7. If a person accepts a lesser sum of money than what was contracted for in discharge of the whole debt, it is known as
a. Waiver
b. Remission
c. Alteration
d. Rescission

8. Remission is the acceptance of
a. a lesser sum than what was contracted for
b. a lesser fulfillment of the Promise made
c. either (a) or (b)
d. Neither (a) nor (b)

9. Under remission, a Promisee may
a. remit the whole or part of the performance of a promise
b. extend time of performance
c. accept any other satisfaction instead of performance
d. All of the above

10. A owes B Rs 50,000, Due date for payment is 25th March. A pays to B Rs 30,000 on 25th March who accepts it in full satisfaction of the debt. The debt is discharged on account of
a. remission
b. extension time of performance
c. novation
d. All of the above
ANSWER: 
1. c
2. b
3. b
4. a
5. c
6. c
7. b
8. c
9. d
10. a