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 NOT a remedy for breach of contract?

• Suit for modification

• Suit for damages

• Suit for specific performance

• Suit for rescission

Contract is governed by ..............

• The Contracts Act 1940

• The Contracts Act 1950

• The Contracts Act 1960

• The Contracts Act 1970

The followings are the elements to form a contract EXCEPT:

• offer

• intention

• performance

• capacity

A contract can be discharge by ...............

• Fruit

• Beach

• Purse

• Breach

Which is not true about the remedies available for contract.

• Rescission

• Restitution

• Damages

• Impossibility

A contract is said to be discharged by frustration when

• An unforeseen event makes performance impossible

• One party fails to perform

• Both parties agree to terminate

• The contract is fulfilled

A contract may be discharged by mutual agreement when

• One party is dissatisfied

• Both parties consent to terminate the contract

• The contract is breached

• The contract is deemed illegal

Which of the following is an example of a contract being discharged by performance?

• One party fails to fulfill their obligations

• Both parties agree to end the contract

• The contract is fulfilled as agreed

• A party declares bankruptcy

A contract can be discharged by

• Performance

• Breach

• Agreement

• All of the above