Practice Test

Q1) A creditor agrees with his debtor & a third party to accept that third party as his debtor the contract is discharged by Show Answer

Q2) Partial recession of a contract occurs where the original contract is varied by Show Answer

Q3) A contract stands discharged Show Answer

Q4) In which of the ways can a contract be discharged by impossibility of performance ? Show Answer

Q5) Novation can be made by Show Answer

Q6) Section ______of the Indian contract act deals with 'agreement in restraint of legal proceedings ' Show Answer

Q7) Novation of a contract under Indian contract act means Show Answer

Q8) For discharge of a contract by Novation ,consent of ___is required Show Answer

Q9) In discharge is contract by novation ,the consideration for the new contract is Show Answer

Q10) A contract is discharged by rescession which means the Show Answer

Q11) Which of the following is /are void ? 1. Agreement in restraint of legal proceedings. , 2. Agreement to stifle prosecution, 3. Agreement by an outgoing partner with his partner not to carry on any business within a specified period or within specified local limits, 4. Contingent Contract Show Answer

Q12) Cancellation of the contract by any party or all the parties to a conract is called Show Answer

Q13) Substitution of a new contract in place of an existing contract is called Show Answer

Q14) The mutual consideration for discharge by rescission is Show Answer

Q15) Alteration Show Answer

Q16) Acceptance by the promisee of a lesser fulfillment of the promise made is called Show Answer

Q17) In case death of the promisor, the contract involving personal skills Show Answer

Q18) On the performance of obligation by the parties to the contract Show Answer

Q19) A contracts with B to supply certain goods at B's warehouse by 15th may and B agrees to pay on delivery. Both of them may agree to modify the terms, say, delivery on 18th may and payment one week since delivery. The original contract is discharged by Show Answer

Q20) A,a singer ,enters into contract with B , the manager of a theatre,to sign at his theatre two nights in every week during next two months for Rs.100 for each night's .on the sixth night A willfully absent herself from the theatre Show Answer

Q21) Prior to the date of performance ,if the promisor refuses to perform ,it is called Show Answer

Q22) an agreement to do an impossible act Show Answer

Q23) where a debtor ,owing several distinct debts to one person ,makes a payment to him either with express intimation ,or under circumstances implying ,that the payment to be applied to the discharge of some particular Show Answer

Q24) where there is no stipulation as to payment of any particular debt Show Answer

Q25) Where neither party makes any appropriation, the payment shall be applied Show Answer

Q26) A contract is discharged by the operation of law Show Answer

Q27) If the parties to a contract agree to substitute a new contract for it ,or to rescind or alter it Show Answer

Q28) A owes B Rs.10,000 .A enters into an agreement with B ,& gives B a mortgage of his estate for Rs.5,000 in place of the debt of Rs.10,000 Show Answer

Q29) In case of Novation Show Answer

Q30) A owes B Rs.5,000 , C pays to B Rs.1,000 & b accepts them ,in satisfaction of his claim on A Show Answer

Q31) rescission is a contract Show Answer

Q32) Contracting parties may not remain same in ----------- Show Answer

Q33) If the parties to a contract agree to rescind it, the original contract_________l Show Answer

Q34) ----------- means a change one or the more terms of the contract with the mutual consent of the parties Show Answer

Q35) Impossibility which does not exist at the time of making the contract but which arise subsequently after the formation of the contract is called Show Answer

Q36) Where the performance of a contract becomes subsequently impossible or unlawful, the contract becomes. Show Answer

Q37) If war is declared between India and Pakistan, then the contract entered between parties of these two countries becomes Show Answer

Q38) In case of commercial impossibility Show Answer

Q39) X of Delhi agreed to sell 100 bales of cotton @ Rs.1,000 per bale and deliver within a fortnight at the buyer's godown at Lahore, if these goods where to be manufacture by Z. But if Z didn't manufacture those goods, then the contract is Show Answer

Q40) X undertakes to paint a picture for Y. He dies before he paints the picture. The contract Show Answer

Q41) A contract is not discharged by the supervening impossibility in case of Show Answer

Q42) If the performance of the contract becomes impossibility due to the act of omission of a party, it is called as Show Answer

Q43) When a person is declared insolvent by the Court of Law, is discharged from all the liabilities on all contract entered into Show Answer

Q44) The period of limitation for recovering a debt is Show Answer

Q45) When a contract cases to bind the parties to it, it is said to be Show Answer

Q46) A was the tenant of B's house. A purchased B's house. The old agreement between A A and B is discharged. Such discharge is called a/an Show Answer

Q47) X contracted to sell his plot of 500 sq. yards to Y for Rs. 1,00,000. The sale deed which was in possession of Y. Before registration, X altered the deed and made 300 sq. yards. The contract was discharged on the ground of. Show Answer

Q48) Once the promise is performed under the contract, the contract to an end. This is called Show Answer

Q49) ----------- signifies that the parties are not further bound under the contract. Show Answer

Q50) The contract is discharged on the ground of Show Answer

Q51) A contract is discharged, if the is not performed within Show Answer

Q52) ------------ means the failure of a party to perform his obligations. Show Answer

Q53) Breach of a contract may be Show Answer

Q54) -------------- occurs on the due date of performance or during the performance Show Answer

Q55) -------------- occurs prior to the date of performance Show Answer

Q56) In case of anticipatory breach, the aggrieved party can Show Answer

Q57) Where the impossibility is unknown to ------------ the parties, agreement is void ---------- ab initio, when impossibility is ----------- Show Answer

Q58) All the contract that are entered into with alien enemy during the war is Show Answer

Q59) Which of the following events do not discharge the contract unless specifically provided by parties Show Answer

Q60) The remission is the valid discharge of whole of the liability under the contract. which section provides for their provision of Indian contract act. Show Answer

Q61) Breaking of an obligation which one is bound to do a contract is called Show Answer

Q62) No consideration is necessary for a waiver Show Answer

Q63) A bill of exchange which was accepted by K, reaches K's hands after being negotiated and endorsed through 4 other parties. The contract is discharged due to Show Answer

Q64) In case of alteration, there is change in the parties and new parties may be included. Show Answer

Q65) A contract can be discharged by - Show Answer

Q66) A contracts to sell his car to B for ? 4,00,000 and B agrees to pay on delivery. Once the car is delivered to B and B pays ? 4,00,000, contract comes to an end, This is called - Show Answer

Q67) When an inferior right accruing to a party in a contract merges into a superior right accruing to the same party, then - Show Answer

Q68) A holds a house on lease, After that he buys the house and became owner, The Contract is discharged by ______. Show Answer

Q69) A Contract entered between Promisor and Promisee becomes impossible to perform due to destruction of subject matter. In this case - Show Answer

Q70) The original contract need not be performed if there is- Show Answer

Q71) If a new contract is substituted in place of an existing contract it is called - Show Answer

Q72) Novation of a contract under Indian Contract Act, means - Show Answer

Q73) X & Y entered into an agreement to buy an imported car for ? 30,000. Later on they cancelled the agreement This is known as _______. Show Answer

Q74) When both the parties have decided to cancel the contract, it is known as ______. Show Answer

Q75) A voidable contract becomes void in case of Show Answer

Q76) Rescission of a Voidable Contract may also be revoked and the parties can get back on die original contract. Show Answer

Q77) Change in some or all terms of the Contract is - Show Answer

Q78) Ashok owes Lakhsmi ? 25,000/-. Lakshmi said that she will accept Rs15,000/- towards final settlement It is contract. Show Answer