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11th Standard Commerce Discharge and Breach of a Contract English Medium Free Online Test One Mark Questions with Answer Key 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. An Agreement to do an Act impossible in itself under Section 56 is.

    (a)

    Void

    (b)

    Valid

    (c)

    Voidable

    (d)

    Unenforceable

  2. Discharge by Mutual Agreement may involve

    (a)

    Novation

    (b)

    Rescission

    (c)

    Alteration

    (d)

    All of the above

  3. Vindictive damage is also called as

    (a)

    Nominal damage

    (b)

    Special damage

    (c)

    Exemplary damage

    (d)

    Ordinary damage

  4. The term rescission means

    (a)

    The cancellation of the contract

    (b)

    Where the party commits a breath

    (c)

    Putting an end to the contract

    (d)

    All the .above

  5. Novation means

    (a)

    Substitution

    (b)

    alteration

    (c)

    Waiver

    (d)

    rescission

  6. The time of limitation for enforcement of contractual rights is ______________

    (a)

    2 years

    (b)

    3 years

    (c)

    4 years

    (d)

    5 years

  7. Which of the following is the usual law remedy?

    (a)

    Injunction

    (b)

    Specific Performance

    (c)

    Damages

    (d)

    Penalty

  8. A lends Rs.500 to B. He later tells B that he need not repay the amount, the contract is discharged by______________.

    (a)

    breach

    (b)

    waiver

    (c)

    novation

    (d)

    performance

  9. If only one party to a contract performs his promise the contract is discharged. The statement is____________.

    (a)

    True

    (b)

    False

    (c)

    None of these

  10. Out break of war is not an excuse for non performance of.a contract____________.

    (a)

    True

    (b)

    False

    (c)

    None of these

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TN 11th Standard Commerce free Online practice tests

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