Tag: remedies for breach of contract

Questions Related to remedies for breach of contract

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

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Correct Option: D

X leaves his goods at Y's place who consumes them. Y is bound to pay the price. Y's act of consumption of goods constitutes an implied promise to pay, under the principle of __________.

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. Contractual Obligations

  2. Quasi Contractual Obligations

  3. Semi Contractual Obligations

  4. Deemed Contractual Obligations

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Correct Option: B

______ arises obligations where no Contract is originally entered.

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. Wagering Contract

  2. Contingent Contract

  3. Quasi Contract

  4. None of these

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Correct Option: C

A contracts with B to deliver possession of a house under construction within a period of 6 months; failing which he would pay the monthly rental of B, The monthly rental payable by B for A is in the nature of ___________.

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. Exemplary Damages

  2. Special Damages

  3. Liquidated Damages

  4. Penalty

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Correct Option: C

Quasi Contractual Obligations arise by the principle of ______.

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. Equity, Justice & Good conscience

  2. Restitution

  3. Recession

  4. None of the above

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Correct Option: A

If the aggrieved party does not face any loss ___________ damages can be claimed.

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

  2. special

  3. nominal

  4. vindictive

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Correct Option: C

Which of the following is incorrect?

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. Ordinary damages are recoverable

  2. Special damages are recoverable only if both the parties knew about them

  3. Indirect damages are not recoverable

  4. None of the above

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Correct Option: D

Quasi Contractual liabilities lead 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. Prevention of unjust enrichment

  2. Counter Offer

  3. Cross Offer

  4. Specific Offer

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Correct Option: A

Which of the following give(s) a right to claim damages for its breach?

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. Conditions

  2. Warranties

  3. Both (A) and (B) above

  4. None of the above

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Correct Option: C

A person choosen by disputing parties to settle their differences is 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. Agent

  2. Partner

  3. Arbitrator

  4. Owner

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Correct Option: C