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

The compensation given for breach of contract is _____________

(a)

Damage

(b)

Remuneration

(c)

Money

(d)

Cheque

Subsequent impossibility is referred to as _______.

(a)

Doctrine of ultra-vires

(b)

Doctrine of frustration

(c)

Doctrine of policy

(d)

Doctrine of power

Nominal damages are awarded at the discretion of _______.

(a)

The court

(b)

The contracting parties

(c)

Third parties

(d)

None of these

In case of breach of contract, which of the following remedies is not available to the aggrieved party?

(a)

suit for rescission

(b)

suit for damages

(c)

suit for specific performance

(d)

suit under Indian Penal Code

If a contract contains an undertaking to perform an impossibility, the contract is________.

(a)

void ab initio

(b)

void

(c)

voidable at the option of the plain tiff

(d)

is voidable

If a new contract is substituted in place of an existing contract it is called______________.

(a)

alternation

(b)

rescission

(c)

novation

(d)

waiver

A creditor agrees with his debtor and a third party to accept that third party as his debtor. The contract discharged is______________.

(a)

Performance

(b)

Alternation

(c)

Waiver

(d)

remission

The Court may grant rescission where the contract is____________.

(a)

Voidable at the option of the plaintiff

(b)

void

(c)

unenforceable

(d)

illegal

Nominal damages are availed if there is no breach of contract_____________.

(a)

True

(b)

False

(c)

None of these