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11th Standard Commerce Discharge and Breach of a Contract English Medium Free Online Test One Mark Questions 2020 - 2021

11th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. On the valid performance of the contractual obligation by the parties, the contract.

    (a)

    is discharged

    (b)

    becomes enforceable

    (c)

    becomes void

    (d)

    none of these

  2. The compensation given for breach of contract is

    (a)

    Damage

    (b)

    Remuneration

    (c)

    Money

    (d)

    Cheque

  3. Subsequent impossibility is referred to as

    (a)

    Doctrine of ultra-vires

    (b)

    Doctrine of frustration

    (c)

    Doctrine of policy

    (d)

    Doctrine of power

  4. Nominal damages are awarded at the discretion of

    (a)

    The court

    (b)

    The contracting parties

    (c)

    Third parties

    (d)

    None of these

  5. In case of breach of contract, which of the following remedies is not available to the aggrieved party?

    (a)

    suit for rescission

    (b)

    suit for damages

    (c)

    suit for specific performance

    (d)

    suit under Indian Penal Code

  6. If a contract contains an undertaking to perform an impossibility, the contract is_______________.

    (a)

    void ab initio

    (b)

    void

    (c)

    voidable at the option of the plain tiff

  7. If a new contract is substituted in place of an existing contract it is called______________.

    (a)

    alternation

    (b)

    rescission

    (c)

    novation

    (d)

    waiver

  8. A creditor agrees with his debtor and a third party to accept that third party as his debtor. The contract discharged is______________.

    (a)

    Performance

    (b)

    Alternation

    (c)

    Waiver

    (d)

    remission

  9. The Court may grant rescission where the contract is____________.

    (a)

    Voidable at the option of the plaintiff

    (b)

    void

    (c)

    unenforceable

    (d)

    illegal

  10. Nominal damages are availed if there is no breach of contract_____________.

    (a)

    True

    (b)

    False

    (c)

    None of these

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