Tag: performance, discharge, breach and remedies of contract

Quizzes (0) Questions (130)

Questions Related to performance, discharge, breach and remedies of contract

Multiple choice commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

In case of  _______ the measure of damages depends upon the severity of shock to the sentiments of the Promisee/ aggrieved party. 

  1. Nominal Damages

  2. General Damages

  3. Vindictive Damages

  4. Special Damages
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Vindictive or exemplary damages are awarded in cases where the breach causes mental distress or injury to feelings, such as a breach of promise to marry or wrongful dishonor of a check by a bank.

Multiple choice commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

Which of the following Damages are punishment in nature? 

  1. Vindictive Damages

  2. Nominal Damages

  3. Special Damages

  4. Ordinary Damages
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Vindictive damages are punitive in nature, intended to punish the breaching party rather than just compensate the victim for actual financial loss.

Multiple choice commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

Damages awarded simply to recognise the right of the party to claim damages for the breach of the contract are called __________.

  1. General Damages

  2. Special Damages

  3. Vindictive Damages

  4. Nominal Damages
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Nominal damages are awarded when a breach of contract has occurred, but the plaintiff has suffered no actual financial loss. They are awarded simply to recognize that a legal right has been infringed.

Multiple choice commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

Where damages are not an adequate remedy, then court may order for _________.

  1. suit for injunction

  2. suit for quantum meruit

  3. suit for rescission

  4. suit for specific performance
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Specific performance is an equitable remedy ordered by the court when monetary damages are inadequate to compensate the plaintiff, such as in contracts for the sale of unique land or rare items.

Multiple choice commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

X leaves his goods at Y's place who consumes them. Y is bound to pay the price. Y's act of consumption of goods constitutes an implied promise to pay, under the principle of __________.

  1. Contractual Obligations

  2. Quasi Contractual Obligations

  3. Semi Contractual Obligations

  4. Deemed Contractual Obligations
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

This scenario describes a quasi-contractual obligation. Even without a formal contract, the law imposes an obligation on a person who enjoys the benefit of non-gratuitous acts to pay for them.

Multiple choice commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

______ arises obligations where no Contract is originally entered.

  1. Wagering Contract

  2. Contingent Contract

  3. Quasi Contract

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A quasi-contract is not a true contract but an obligation imposed by law to prevent one person from being unjustly enriched at the expense of another, even though no contract was originally entered into.

Multiple choice commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

A contracts with B to deliver possession of a house under construction within a period of 6 months; failing which he would pay the monthly rental of B, The monthly rental payable by B for A is in the nature of ___________.

  1. Exemplary Damages

  2. Special Damages

  3. Liquidated Damages

  4. Penalty
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Liquidated damages are a pre-estimated amount agreed upon by the parties at the time of contract formation to be paid in the event of a breach. Since the rental amount is fixed as a consequence of the delay, it qualifies as liquidated damages.

Multiple choice commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

Quasi Contractual Obligations arise by the principle of ______.

  1. Equity, Justice & Good conscience

  2. Restitution

  3. Recession

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Quasi-contracts are based on the principle of equity, justice, and good conscience, ensuring that no person is unjustly enriched at the expense of another.

Multiple choice commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

Which of the following is incorrect?

  1. Ordinary damages are recoverable

  2. Special damages are recoverable only if both the parties knew about them

  3. Indirect damages are not recoverable

  4. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Ordinary damages are recoverable, special damages are recoverable if known to both parties, and indirect (remote) damages are generally not recoverable. Since all statements A, B, and C are correct, 'none of the above' is the correct choice for an 'incorrect' question.