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Discharge of contract - class-XI

Test your understanding of how contracts are discharged under the Indian Contract Act, including methods such as performance, agreement, rescission, waiver, merger, frustration, and operation of law.

11 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

A contractors to sell his car to B for Rs. 4,00,000 and B agrees to pay on delivery. Once the car is delivered to B and B pays Rs. 4,00,000, contract comes to an end. This is called __________

  1. waiver of a Contract
  2. breach of a Contract
  3. rescission of a Contract
  4. discharge of a Contract
Question 2 Multiple Choice (Single Answer)

When an inferior right accruing to a party in a contract merges into a superior right accruing to the same party, then________.

  1. the contract conferring the inferior right is discharged
  2. the contract conferring the superior right is discharged
  3. both contracts are discharged
  4. both contracts are not discharged
Question 3 Multiple Choice (Single Answer)

A holds a house on lease. After that he buys the house and became owner. the contract is discharged by __________ .

  1. rescission
  2. merger
  3. waiver
  4. remission
Question 4 Multiple Choice (Single Answer)

A contract can be discharged by __________.

  1. frustration of the contract
  2. performance of the contract
  3. both (a) & (b)
  4. neither (a) nor (b)
Question 5 Multiple Choice (Single Answer)

_________ signifies that the parties are not further bound under the contract.

  1. Waiver of a Contract
  2. Breach of a Contract
  3. Rescission of a Contract
  4. Discharge of a Contract
Question 6 Multiple Choice (Single Answer)

When both the parties have decided to cancel the contract, it is known as _______ .

  1. remission
  2. novation
  3. rescission
  4. none of the above
Question 7 Multiple Choice (Single Answer)

X & Y entered into an agreement to buy an imported car for Rs. 30,000. Later on they cancelled the agreement. This is known as ______ .

  1. recission
  2. merger
  3. waiver
  4. remission
Question 8 Multiple Choice (Single Answer)

Rescission of a Voidable Contract may also be revoked and the parties can get back on the original contract.

  1. True
  2. Partly true
  3. False
  4. None of the above
Question 9 Multiple Choice (Single Answer)

Surety may be discharged from liability:

X. By notice of revocation of guarantee
Y. On the failure of payment by the main creditor
Z. If the creditor does any act which is against the rights of the surety
Correct option is ____.

  1. X and Y
  2. Y and Z
  3. X and Z
  4. X, Y and Z.
Question 10 Multiple Choice (Single Answer)

A contract may be discharged by

  1. Lapse of time
  2. Operation of the law
  3. Mutual agreement
  4. Any of above
Question 11 Multiple Choice (Single Answer)

A contract is discharged by operation of law:

  1. by death of the promisor;
  2. by insolvency of promisor;
  3. by death or insolvency of promisor.
  4. any of the above.
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