11th Standard EM - Commerce - Discharge and Breach of a Contract

Buy 11th Standard COMMERCE Practice test pack

Question - 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

Question - 2

An Agreement to do an Act impossible in itself under Section.56 is ___________

  • A Void
  • B Valid
  • C Voidable
  • D Unenforceable

Question - 3

Any agreement which becomes impossible to perform under various circumstances ____________

  • A Voidable
  • B Void
  • C Valid
  • D None of these

Question - 4

Discharge by Mutual Agreement may involve ________.

  • A Novation
  • B Rescission
  • C Alteration
  • D All of the above

Question - 5

The compensation given for breach of contract is _____________

  • A Damage
  • B Remuneration
  • C Money
  • D Cheque

Question - 6

Quantum Merit means _______.

  • A as much as merited
  • B as much as earned
  • C as much as possible
  • D as much as not possible

Question - 7

Vindictive damage is also called as _______.

  • A Nominal damage
  • B Special damage
  • C Exemplary damage
  • D Ordinary damage

Question - 8

Subsequent impossibility is referred to as _______.

  • A Doctrine of ultra-vires
  • B Doctrine of frustration
  • C Doctrine of policy
  • D Doctrine of power

Question - 9

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

Question - 10

Nominal damages are awarded at the discretion of _______.

  • A The court
  • B The contracting parties
  • C Third parties
  • D None of these