Tag: performance, discharge, breach and remedies of contract

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

N, a film star, agreed to act exclusively for K, a film producer, for one year. During the year, she contracted to act for some other producer. In this case, K ________.

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

  1. cannot sue N at all

  2. cannot restrain N by an injunction

  3. can restrain N by an injunction

  4. has to produce the film with other actors only

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Correct Option: C

Specific performance may be ordered by the Court when________.

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

  1. the contract is voidable

  2. damages are an adequate remedy

  3. damages are not an adequate remedy

  4. defaulting party is not ready to pay damages

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Correct Option: C

Suit for specific performance of contract can be instituted by the promisee, where ___________. 

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

  1. the promisor has breached the contract

  2. the promisor has suffered abnormal loss

  3. damages are not an adequate remedy to promisee

  4. parties agree to go to court for remedy

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Correct Option: C

A agrees to sell B "a hundred tons of oil".

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

  1. The agreement is valid.

  2. The agreement is void.

  3. The agreement is voidable.

  4. The agreement is illegal.

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Correct Option: B

An agreement for rendering services entered into by a father on behalf of his minor daughter is _______.

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

  1. Void

  2. Voidable

  3. Valid

  4. Quasi

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Correct Option: A

Demand Documentary Bill Limits _________.

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

  1. should be taken as a part of the permissible bank finance

  2. should be taken into account also for the purposes of receivable norms

  3. Both (a) and (b)

  4. None of the above

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Correct Option: C

Contract contingent upon the non- happening of an uncertain future event can be enforced __________.

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

  1. when the happening of event becomes impossible

  2. when the event has happened

  3. at the time of making the contact

  4. none of the above

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Correct Option: A

Status quo obligations arise:

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

  1. In case of legal obligations

  2. When the contract is made

  3. Outside scope of the Indian Contract Act, 1872

  4. Within the scope of the Indian Contract Act, 1872

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Correct Option: C

An agent who in receipt of extra commission gives guarantees to his principle that the purchaser of the goods on credit will pay for the goods, is called _____.

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

  1. Sub-agent

  2. Mercantile agent

  3. Brokers

  4. Del credere agent

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Correct Option: D

When certain circumstances compel a person to act as an agent for another without his express authority, this type of agency is known as ________.

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

  1. agency by estoppel

  2. agency by implied authority

  3. agency by necessity

  4. agency by holding-out

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Correct Option: C