6. Discharge of Contract

What is meant by discharge of a contract?

• When the contract is signed

• When the rights and duties created by it come to an end

• When one party breaches the contract

• When the contract is modified

Which of the following is a type of discharge by performance?

• Implied performance

• Partial performance

• Actual performance

• Conditional performance

What does novation refer to in contract law?

• Cancelling a contract

• Extending the time for performance

• Changing the terms of a contract

• Replacing an existing contract with a new one

Which of the following is an example of attempted performance?

• A cancels the contract

• A delivers goods and B pays

• A offers to deliver goods but B refuses

• A and B agree to change the contract terms

What is the effect of initial impossibility in a contract?

• The contract is void from the beginning

• The contract can be enforced later

• The contract can be modified

• The contract is valid until breached

What happens when a contract is discharged by lapse of time?

• The parties can renegotiate

• The contract can still be enforced

• The contract becomes unenforceable

• The contract is automatically renewed

Which of the following is NOT a remedy for breach of contract?

• Suit for modification

• Suit for damages

• Suit for specific performance

• Suit for rescission

What are general damages?

• Compensation for direct loss

• Small amount awarded for recognition

• Compensation for indirect loss

• Fixed amount agreed upon in the contract

What does the term 'quantum meruit' mean?

• Payment for work done

• Payment for lost profits

• Payment for future services

• Payment for damages incurred

What is an anticipatory breach?

• Breach occurring after the due date

• Breach due to mutual consent

• Breach occurring before the due date

• Breach due to impossibility