NEW
Font size
WorksheetsPrinciples of management
Total questions: 20
Worksheet time: 10mins
A breach of contract
Discharges the other party form performing his obligations.
)Does not discharge the other party form performance.
Gives one more chance to defaulting party to perform the contract
Is not recongnised under the India Law.
The breach of contact occurs
when a party
Fails to perform his obligations on due date.
Dedares not to perform his obligation on due date.
Both (a) and (b).
None of these.
A contract is discharged by rescission, which means the
Cancellation of the existing contract
Change in one 6 or more terms of contract
Acceptance of lesser performance
None of these.
Under law, the responsibility of a finder of goods is the same as that of a
Bailee
Bailor
Thief
None of these.
Quasi contracts are ____
Void
Valid
Voidable
Illegal
When a minor is supplied with necessaries of life, the supplier:
Cannot recover the price
Can recover the price
Can recover the price form the property of the minor
Can file a criminal case
A person enjoying the benefits of a lawful non-gratuitous act of another
Is liable to compensate to another
Is not liable to compensate to another
Another cannot claim any compensation
Both b and c
‘A’, a tradesman leaves his goods at B’s house by mistake. ‘B’ uses the goods as his own. Then:
B need not pay to A
B is bound to pay A
There is no contract
None of the above
Which of the following is not a quasi contract?
Obligation of a person enjoying benefit of non gratuitous acts
Responsibility of finder of goods
Quantum merit
Novation
Which of the following is a contingent contract?
contract for doing impossible acts
wagering agreements
contract of insurance
marriage contract
Where the promisor absolutely refuses to
perform the contract prior to the due date of
performance, it is known as
abandonment of contract.
remission of contract.
actual breach of contract.
anticipatory breach of contract
Discharge by mutual agreement may involve
Novation
Recission
Alteration
All of the above
If a new contract is substituted in
place
of an existing contract, it is
called --
alteration
novation
waiver
remission
A consent is said to be free consent when it is not caused by----
Coercion
Undue influence
Misrepresentation
All of the above
The Indian contract Act 1872, Section 15 provide :
Coercion defined
Undue influence defined
Consent defined
Misrepresentation defined.
When consent to an agreement is caused by coercion , fraud or misrepresentation, the agreement is a contract :
Voidable at the option of the party who made it.
Voidable at the option of any of the party.
Voidable at the option of the party whose consent was so caused.
All of the above
Which one of the following will make an agreement void ?
Mistake of one of the parties
Mistake of a law
Mistake of foreign law
Mistake of fact by both the parties
When one party's consent has been caused as a result of mistake of law , the contract is :
Voidable
Void
Unenforceable
Unlawful
1. Active concealment of fact
2. Promise made without any intention of performing it
3. Breach of duty which gains and advantage to the person committing it
4. Including mistake as to subject matter
Ques; Which if the above amount to fraud ?
1 and 2
2 and 3
3 and 4
1 and 4
A person is said to be sound mind for the purpose of making a contract if at the time of making it he is :
1. Of the age of majority
2. Capable of understanding the contract though unable to form a rational judgement as to it's effect upon his interest.
3. Capable of understanding it and of forming a rational judgement as to it's effect upon his interest.
Which of the statements given above is/are correct ?
1 only
1,2 and 3
2 and 3 only
3 only
