Online Mock Tests in Breach of Contract in Mercantile Laws for the preparation of professional exams of ca cpt, ca foundation, cs foundation, cma foundation
Breach of Contract-Test 3
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Subject : Mercantile Laws Questions : 30
Chapter :Breach of Contract-Test 3
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In the case of breach of contract, Which of the following remedy is available to the aggrieved party ?
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Question 2 of 30
2. Question
1 points
A party entitled to rescind the contract, loses the remedy where ?
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Question 3 of 30
3. Question
1 points
Restitutution is provided in the Indian Contract Act, 1872, in
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Question 4 of 30
4. Question
1 points
Specific performance may be ordered by court if
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Question 5 of 30
5. Question
1 points
Quantum Meruit means ?
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Question 6 of 30
6. Question
1 points
Liquidated damages are
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Question 7 of 30
7. Question
1 points
Penalty associated with contract is
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Question 8 of 30
8. Question
1 points
A claim on quantum meruit arises
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Question 9 of 30
9. Question
1 points
A Stipulation for increased interest from the date of default may be
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Question 10 of 30
10. Question
1 points
In case of _____, the measure of damages depends upon the shock to the sentiments of the Promisee
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Question 11 of 30
11. Question
1 points
Anticipatory Breach takes places when a party ?
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Question 12 of 30
12. Question
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The damage awarded by way of punishment is
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Question 13 of 30
13. Question
1 points
The Promisee’s right of recission is lost in the followng cases ?
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Question 14 of 30
14. Question
1 points
Damages awarded which a view to punish the defendant, and not solely with the idea of awarding compensation is
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Question 15 of 30
15. Question
1 points
To claim remedy under Quantum Meruit, the original contract
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Question 16 of 30
16. Question
1 points
In breach of contract, compensation is claimed for
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Question 17 of 30
17. Question
1 points
A Contracts to sell and deliver 100kgs of sugar to Y, at a certain price to be paid on delivery. X breaks his promise. Y is entitled to receive from X, by way of compensation, the sum, if any, by which the contract price falls short of the price for which X might have obtained 150 kgs of sugar at the time when the sugar ought to have been delivered ?
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Question 18 of 30
18. Question
1 points
When monetary compensation by way of damages may not constitute adequate remedy for breach of contract, the Courts may order specific performance. This statement is
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Question 19 of 30
19. Question
1 points
____________ means an order f the Court restraining a person from doing what he promised not to do
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Question 20 of 30
20. Question
1 points
Under a antcipatory breach, the promisee opts an out an end to the contract and treat the anticipatory breac as actual breach, the amount of damages shall price prevailing as on the date of refusal to perform – Contract Price.
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Question 21 of 30
21. Question
1 points
While determining damages, which of the following are taken into account ?
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Question 22 of 30
22. Question
1 points
Actual Breache may be
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Question 23 of 30
23. Question
1 points
When there is a breach of contract, special damages are awarded nly when _____________
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Question 24 of 30
24. Question
1 points
If an agreement is discovered to be void, any person who has received any advantage under such agreement
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Question 25 of 30
25. Question
1 points
When there is a breach of a contract to marry; the Court may order specific performance
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Question 26 of 30
26. Question
1 points
Damages which an aggrieved party claims, besides general damages for any loss he has suffered owing to special circustmances know to both the parties at the time of singing the contract are known as
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Question 27 of 30
27. Question
1 points
The Court may grant rescission where the contract is
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Question 28 of 30
28. Question
1 points
In Which situation Specific Performance is not granted ?
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Question 29 of 30
29. Question
1 points
Which of the following is not relevant in determining of quantum of damages?
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Question 30 of 30
30. Question
1 points
Quantum Meruit is nt applicable i.e there is no right to sue when?