Tag: performance, discharge, breach and remedies of contract

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

A is a dancer. She contracts with B to dance in a programme. But before due date of programme,  A dies. This contract is performed  _________.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. by A's legal heir

  2. by A's close joined

  3. by B himself

  4. none of the above

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Correct Option: D

In case of reciprocal promises, which is not applicable?

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. They can perform simultaneously

  2. They cannot perform simultaneously

  3. They can be fixed by the parties to the Contract

  4. As depending upon the nature of the Contract

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Correct Option: B

If no time is specified for performance of a Contract, it must be performed with in a reasonable time. " Reasonable time" means __________.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. which seems reasonable to the promisor

  2. which seems reasonable to the promise

  3. which is determined as reasonable by a third party

  4. which is reasonable under the facts and circumstances of the case

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Correct Option: D

Whether time is  the essence of the contract depends on _________.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. the intention of the parties

  2. the facts and circumstances of each separate case

  3. the provisions of law

  4. all of the above

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Correct Option: D

If time is the essence of the contract and the Promisor fails to perform the contract by the specified time, the contract _________.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. becomes void

  2. remains valid

  3. becomes voidable at the instance of the Promisee

  4. becomes unenforceable

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Correct Option: C

A Contract entered between Promisor and Promisee becomes impossible to perform due to destruction of subject matter. In this case __________.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. promisee is entitled for compensation

  2. contract continues to be valid

  3. contract is void

  4. none of the above

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Correct Option: C

Change in some or all terms of the Contract is ______.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. novation

  2. alteration

  3. merger

  4. rescission

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Correct Option: B

Novation of a contract under Indian Contract Act, means _______.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. cancellation of contract

  2. alteration of the contract

  3. the renewal of original contract

  4. substitution of a new contract in place of original contract

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Correct Option: D

The original contract need not  be performed if there is _________.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. rescission of contract

  2. novation of contract

  3. alteration of contract

  4. all of the above

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Correct Option: D

If a new contract is substituted in place of an existing contract it is called _______.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. alteration

  2. rescission

  3. novation

  4. waiver

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Correct Option: C