CONTRACT LAW MCQS SET 73

CONTRACT LAW MCQS SET 73

Discharge of contract

1. Abandonment of a right under the contract is called
a. Waiver
b. Breach
c. Rescission
d. Alteration

2. Intentional relinquishment of a right under the contract is called
a. Waiver
b. Breach
c. Rescission
d. Alteration

3. Giving up of right under the contract is called
a. Waiver
b. Breach
c. Rescission
d. Alteration

4. No consideration is necessary for a waiver.
a. True
b. Partly True
c. False
d. None of the above

5. In case of Novation, there is
a. change to some of the terms and conditions of the original Contract
b. substitution of an existing contract with new one
c. either (a) or (b)
d. neither (a) nor (b)

6. In case of Alteration, there is
a. change to some of the terms and conditions of the original contract
b. substitution of an existing contract with new one
c. either (a) or (b)
d. neither (a) nor (b)

7. Novation can be made by
a. change in the terms of the contract
b. change in the contracting Parties
c. either (a) or (b)
d. neither (a) nor (b)

8. Alteration can be made by
a. change in the terms of the contract
b. change in the contracting Parties
c. either (a) or (b)
d. neither (a) nor (b)

9. In case of Alteration
a. Old terms and conditions need not be performed
b. New terms and conditions must be performed
c. Both (a) and (b)
d. neither (a) nor (b)

10. Where one party to a contract fails or refuses to do his part of the promises it is called
a. Breach of contract
b. Cancelation of contract
c. Either (a) or (b)
d. Neither (a) nor (b)
ANSWER:

 

1. a
2. a
3. a
4. a
5. b
6. a
7. c
8. a
9. c
10. a