MABS Institution
11th Commerce Weekly Test - 3 ( Discharge and Breach of a Contract )-Aug 2020
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Damages for breach of contract are given by way of punishment to the wrong inflicted.
True
False
None of these
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A creditor agrees with his debtor and a third party to accept that third party as his debtor. The contract discharged is______________.
Performance
Alternation
Waiver
remission
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The Court may grant rescission where the contract is____________.
Voidable at the option of the plaintiff
void
unenforceable
illegal
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If a new contract is substituted in place of an existing contract it is called______________.
alternation
rescission
novation
waiver
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Discharge by Mutual Agreement may involve
Novation
Rescission
Alteration
All of the above
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The time of limitation for enforcement of contractual rights is ______________
2 years
3 years
4 years
5 years
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State the reasons for discharge by supervening impossibility?
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What is Quantum merit?
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What are all the types of performance of contract?
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What do you mean by discharge of a contract?
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What are the kinds of consent?
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What do you mean by waiver?
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What is meant by Lapse of Time?
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What do you mean by damage?
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What is the rule of impossibility of performance?
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What are the types of impossibility of performance?
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Describe the types of damages.