CONTRACT LAW MCQS SET 81

CONTRACT LAW MCQS SET 81

Remedies for Breach of Contract

1. Liquidated damages are calculated ………. A contract
a. at the time of making
b. after making
c. at the time of performance of
d. either (a) or (b)

2. Penalty for breach of contract are estimated …… a contract
a. at the time of making
b. after making
c. at the time of performance of
d. either (b) or (c)

3. A stipulation for increased interest from the date of default is known as
a. compensation
b. penalty
c. Liquidated damages
d. Damages

4. Quasi Contract is based upon the principle of
a. Equality
b. No unjust enrichment of a part at the cost of another
c. Neither (a) nor (b)
d. Both (a) and (b)

5. A Quasi Contract
a. is a contract
b. is an agreement
c. has only a legal obligation
d. is none of these

6. Which of the following is incorrect?
a. In Quasi-contract, the promise to pay is always an implication of law and not of facts
b. Quasi-contracts are not contracts at all
c. A quasi-contracts is implied in law
d. A quasi-contracts is not a real contract

7. Claim for necessaries supplied to a person incompetent to contract, from the property of such person. It is covered under concept of
a. Quasi contract
b. Caveat emptor
c. Contigent contract
d. Wagering agreement

8. Which of the following is correct?
a. Quasi contracts are intentionally made by the parties
b. Quasi contracts are imposed by law
c. Quasi contracts are based on implied intentions of the parties
d. Both (b) and (c)

9. In case of necessaries supplied to a person incompetent to contract, which of the following is true?
a. Property of the incapable person shall be liable
b. The incapable person is not liable personally
c. Where the incapable person does not own any property, nothing shall be payable
d. All of the above

10. Which of the following is correct?
a. A quasi contract is not based on the ground of natural justce
b. Quasi contract are based on express intentions of the parties
c. Quasi contract give rise to obligations similar to that of a true contract
d. All of the above
ANSWER: 
1. a
2. a
3. d
4. d
5. d
6. b
7. a
8. b
9. d
10. c