Tag: commerce

Questions Related to commerce

An intentional Misrepresentation will amount to -

commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

  1. Fraud

  2. Coercion

  3. Undue Influence

  4. None of these

Show answer
Correct Option: A

A contracts to marry B. Before the agreed date of marriage, A marries C. Here, B is entitled to sue A for ___________.

commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

  1. actual breach in an express manner

  2. anticipatory breach in an express manner

  3. actual breach in an implied manner

  4. anticipatory breach in an implied manner

Show answer
Correct Option: D

In case of anticipatory breach of contract, the ___________..

commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

  1. contract automatically comes to an end

  2. promisor is discharged of his liability

  3. promisee has no remedy

  4. promisee can claim damages

Show answer
Correct Option: D

In case of anticipatory breach remedies available to aggrieved party is ________.

commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

  1. he cannot claim damages

  2. he can wait till due date

  3. he has no right at all

  4. none of the above

Show answer
Correct Option: D

N singer contracted with a theatre manager to sing a song. due to her illness she failed to perform the contract she received 20000 as advance _________.

commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

  1. N must refund 20000

  2. N need not refund 20000

  3. they must enter into new agreement

  4. none of these

Show answer
Correct Option: A

Quantum Meruit means _______.

commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

  1. a non-gratuitous promise

  2. as implied promise

  3. as much as is earned

  4. as much as is paid

Show answer
Correct Option: C

In case of  _______ the measure of damages depends upon the severity of shock to the sentiments of the Promisee/ aggrieved party. 

commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

  1. Nominal Damages

  2. General Damages

  3. Vindictive Damages

  4. Special Damages

Show answer
Correct Option: C

Which of the following Damages are punishment in nature? 

commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

  1. Vindictive Damages

  2. Nominal Damages

  3. Special Damages

  4. Ordinary Damages

Show answer
Correct Option: A

Damages awarded simply to recognise the right of the party to claim damages for the breach of the contract are called __________.

commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

  1. General Damages

  2. Special Damages

  3. Vindictive Damages

  4. Nominal Damages

Show answer
Correct Option: D

Where damages are not an adequate remedy, then court may order for _________.

commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

  1. suit for injunction

  2. suit for quantum meruit

  3. suit for rescission

  4. suit for specific performance

Show answer
Correct Option: D