CONTRACT LAW MCQS SET 75

CONTRACT LAW MCQS SET 75

Discharge of contract

1. Where in an anticipatory breach, the Promisee opts to put an end to the contract and treat the anticipatory breach as actual breach of contract, the Promisee
a. is excused from performance of his Promise
b. has to perform his part of the promise
c. has to perform his part of the promise to the extent of benefits received by him
d. has to consider the contract as illegal

2. Where a party to contract transfers his rights under the contract to another person, it is legally known as
a. Novation of contract
b. Rescission of contract
c. Waiver of contract
d. Assignment of contract

3. The assignment of contract by operation of law takes place
a. On the death of party
b. With mutual consent of parties
c. On confirmation by legal representatives
d. Either (b) or (c)

4. The term “frustration” is used in the English law which is the parallel concept
a. Initial impossibility
b. Supervening impossibility
c. Commercial impossibility
d. Public policy

5. A contract is void on the ground of initial possibility
a. Only where it is unknown to the parties
b. Only where it is known to the parties
c. Whether it is known or unknown to the parties at the time of agreement
d. When it is known to the third parties

6. In case the performance of a contract becomes more difficult due to some unexpected events, than the contract
a. Becomes void on account of impossibility
b. Becomes voidable on account difficulty
c. is discharged on account of impossibility
d. is not discharged on account of impossibility

7. A contract to buy B’s scooter for Rs 10,000, but breaks the promise. What compensation must A pay to B?
a. The excess amount of the contract price over the price which B can obtain for the scooter at the time of breach of promise
b. The contract price of Rs 10,000
c. The price which B demands
d. None of the above

8. In ………………. contracting parties may not remain same.
a. Remission
b. Recission
c. Novation
d. Alteration
ANSWER:1. a
2. d
3. a
4. b
5. c
6. d
7. a
8. c