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

(a)

Void

(b)

Valid

(c)

Voidable

(d)

Unenforceable

Discharge by Mutual Agreement may involve ________.

(a)

Novation

(b)

Rescission

(c)

Alteration

(d)

All of the above

Vindictive damage is also called as _______.

(a)

Nominal damage

(b)

Special damage

(c)

Exemplary damage

(d)

Ordinary damage

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

Novation means _______.

(a)

Substitution

(b)

alteration

(c)

Waiver

(d)

rescission

The time of limitation for enforcement of contractual rights is ______________

(a)

2 years

(b)

3 years

(c)

4 years

(d)

5 years

Which of the following is the usual law remedy?

(a)

Injunction

(b)

Specific Performance

(c)

Damages

(d)

Penalty

A lends Rs.500 to B. He later tells B that he need not repay the amount, the contract is discharged by______________.

(a)

breach

(b)

waiver

(c)

novation

(d)

performance

If only one party to a contract performs his promise the contract is discharged. The statement is____________.

(a)

True

(b)

False

(c)

None of these

Out break of war is not an excuse for non performance of a contract________.

(a)

True

(b)

False

(c)

None of these