Details of this Paper

PAPER 3: FUNDAMENTALS OF LAWS AND ETHICS 50_MCQ part 9

Description

solution


Question

Question;1.;Apromisestopaintapicture;forBbyacertaindayatacertainprice.Adiesbeforethepromisedday.Whichoneofthe followingisthecorrectlegal;position;(a) Theagreementbecomesunlawful;(b) Theagreementlapsesforboththeparties;(c) Theagreementbecomesvoidableattheoption;ofA's legalrepresentative;(d) Noneofthese;2.;Apromisestodeliver;goodsatB'swarehouseonthe1stJanuary.Onthatday,AbringsthegoodstoB'swarehousebut;aftertheusualhourforclosingitandtheyarenotreceived.;Whichoneofthefollowingiscorrect?;(a) Ahasnotkepthispromise;(b) Akepthispromiseastimewasnotspecified;(c) Aperformshisdutyasthetimeisnottheessenceofthecontract;(d) Allofthese;3.;A'promises topainta;picturefor 'B' bya;certaindayatacertain;price.'A'diesbeforethatday.Inthissituation,thecontract;(a) Cannotbeenforced;asitbecomesvoidduetopersonalincapacity;(b) Willbeperformedbythelegalrepresentativeof 'A',whoisboundbylawtoperformit;(c) Canbeperformed;byanagentof'A;(d) Canbeperformed;byathirdperson;onbehalf'A;4.;X,YandZareunderajointpromise;topay`8,000toW.Zisunabletopayanything;andYiscompelledtopaytheentireamount.WhatamountcanYsuccessfullyclaim;from X?;(a) Ycanclaim`8,000fromXbywayofcontribution;(b) Ycanclaim`4,000fromXbywayofcontribution;(c) Ycanclaim`6,000fromXbywayofcontribution;(d) Ycannotclaimanything;fromX;5.;Aborrowed`1,000fromB.Adiesbeforepayingbacktheloan.CanBrecovertheamountfromA'slegalrepresentative?;(a) No,Bcannotrecover;(b) Yes,subjecttoanyestateleftbyhim;(c) Bcanrecoverevenifno;estateisleft;(d) Noneoftheabove;6.;Ananticipatoryrepudiationhastheeffect;of;(a);Automaticallyputtinganendtothecontract;(b);Puttinganendtothecontract;onlyonacceptanceoftherepudiationbytheotherparty;(c);Puttinganendtothecontract;onlyonfailure;toperformwhenperformanceisdue;(d);Notputtinganendtothecontract;7.;Thelawregarding;Novation,i.e.,whereanewcontractissubstitutedinplaceoftheoldonebymeansofanagreement;betweentheparties;toacontract;orbetweenthemandathirdparty,iscontained;in;(a);Sec.62;(b);Sec.52;(c);Sec.64;(d);Sec.65;8.;Incaseofcontractualobligationswherethepromisordiesbeforeperformance;(a);Thelegalrepresentativesofthe;promisormustperform;thepromiseirrespectiveofthepromise;(b) Thelegalrepresentativesofthepromisormustperformthepromiseprovideditisnotonedependentonthepersonalqualificationsofthepromisor;(c);Thelegalrepresentativesneednotperformthepromise;(d);Thelegalrepresentativeisnotliabletopaydamagesfornon-performanceofthepromise;9.;Ordinarydamageswillbeawarded;incaseswhere;(a);Thelossnaturallyflowsfromthebreachofcontract;(b) Thelossisremotelyconnectedwiththebreachofcontract;(c);Thelossisunusualandarisesoutofspecialcircumstancespeculiartothecontract;(d);Noneofthese;10.;Thelawrelating todamagesisspeltoutin;-------- ofthecontractAct.;(a);Sec.75;(b);Sec.73;(c);Sec.71;(d);Sec.65;11.;Wherethepartiestoacontracthaveagreedthatacertain;sumofmoneywouldbepaidincaseofbreach;ofcontract,theCourtwillensurethat;(a);Theexactamountmentionedinthecontract;ispaidtotheinjured;party;(b);Anamountnotexceeding;thestipulatedamountisawarded;(c);Reasonablecompensationnotexceedingtheamount;stipulatedisawarded;(d);Asumexceedingtheamountstipulatedisawarded;12.;A,dealinginbabyfoods;sendssamplesbytrainforbeingexhibited;ataConsumerProduct'sShowwhichfactwasmadeknowntotherailwaycompany.Thegoodsreachedthedestinationaftertheshowwasover.Asuedtherailwaycompany;fordamages.Awillbeentitled to;(a);Ordinarydamages;(b);Nodamages;(c);Exemplarydamages;(d);Specialdamages;13.;Astipulationina contract;inthenatureof penaltyis;(a);enforceableonlyunderIndianlaw;(b);enforceableonlyunderEnglishlaw;(c);enforceableonlyunderEnglishandIndianlaws;(d);noneofthese;14.;Stipulationsinacontract;providingforenhanced;rateofinterestfromdateofdefaultofpaymentofprincipalorcompound;interestareconsidered tobeinthenatureof;(a);Liquidateddamages;(b);Penalty;(c);Unliquidateddamages;(d);Noneofthese;15.;Theword 'impossible'insection;56 connotes;(a);Physicalimpossibility;(b);Literalimpossibility;(c);Commercialimpossibility;(d);Impracticabilityofperformance;16.;AandBcontracttomarryeachother.Before;thetimefixedforthemarriageAgoesmad.Thecontract;is;(a);Valid;(b);Void;(c);Voidable;(d);Validtill avoided;by B;17.;Aagreestopay`5,000foreacharticlewrittenbyB,afamousauthorandthecontract;wasforwriting10articlesinayear.Bwrote4articles;andAdidnotwanthimtowritetheother6articlesforwhichBhasprepared;notes.Inthiscase;(a);Bcannotrecovery;anything;(b);Bcanrecover;`50,000;(c) Bshouldfirstwrite10articles;andthenclaimdamages;(d) Bcanclaim`20,000for4articles;published(4X5000)andcompensationforpreparationofnotesonthebasisofquantum;meriut;18.;Unliquidateddamagesconnote;(a);Ordinaryandspecialdamages;(b) Exemplarydamages;(c);Nominaldamages;(d);Allofthese;19.;Inthecaseofwrongfuldishonour;ofa chequeby;abanker;thedamagesawardedwillbe;(a);Nominal;(b);Special;(c);Exemplary;(d);Ordinary;20.;Iflossordamagearosenaturally;anddirectlyintheusualcourseofthingsfromabreach;ofcontract,theaggrieved partywouldbeeligiblefor;(a);Specialdamages;(b);Nominaldamages;(c);Ordinarydamages;(d);Exemplarydamages;21.;Wherethereisaninfringementofacontractualright,butnoactuallosshasbeensuffered;theCourtwillaward;(a);Nominaldamages;(b);Specialdamages;(c);Exemplarydamages;(d);Ordinarydamages;22.;Anticipatorybreachof;contracttakesplacewhenthereis;(a);Breachofcontractwhenperformanceisactuallydue;(b);Breachofcontractinthecourseofperformanceofthecontract;(c);Breachofcontractpriortothedateofperformance;(d);Noneoftheabove;23.;Incaseofremoteandindirectlossordamagesustainedbyreasonofbreachofcontract,theaggrievedpartyisentitled;to;(a);Ordinarydamages;(b);Specialdamages;(c);Nodamages;(d);Exemplarydamages;24.;Impossibilityofperformanceoccursdueto;(a);Strike;(b);Lock-out;(c);Partialfailureofobject;(d);Destructionofsubject-matter;25.;Bypre-contractualimpossibilityanagreement;becomes;(a);Voidable;(b);Void;(c);Valid;(d);Illegal;26.;Objectofgrantingdamages;is;(a);topenalizetheparty;(b);tomonetarilycompensatetheparty;(c);tosetanexample;beforethesociety;(d);noneoftheabove.;27.;Specificperformanceisorderedwhere;(a);thecontractisofpersonalnature;(b);monetarycompensationisanadequateremedy;(c);monetarycompensationisnotanadequateremedy.;(d);performanceisillegal.;28.;AninjunctionorderisgrantedbytheCourtincase;(a) specificperformanceofthecontractispossible;(b);specificperformanceofthecontract;isimpossible.;(c);theCourtwantstorestrainapartyfromcommittingabreach;ofcontract.;(d);thecontractisagainstpublicinterest.;29.;Thedoctrineoffrustrationiscoveredbywhichsection;oftheIndianContractAct?;(a);Section46;(b);Section48;(c);Section56;(d);Noneofthese;30.;IntheIndian;ContractAct, Novation;means;(a);Substitutionofanexisting;contractwithanewone;(b);Nofrustrationofexecutedcontracts;(c);Frustrationduetochangeofcircumstances;(d);Impossibilitydoesnotmeanmerecommercialdifficulty;31.;Whenthereisbreachof;contract,special;damagesareawarded;(a);Onlywhentherearespecialcircumstances;(b);Onlywhenthereisspecialloss;(c);Onlywhenthereisanoticeofthelikelyspecial;loss;(d);Inall cases;32.;Hadley v.Baxendale case;isa leading case on;(a);Breachofimpliedterm;(b);Anticipatorybreach;(c);Lawofdamages;(d);Noneofthese;33.;Damageswhicharisenaturally;inusualcourse;ofthingsfrom;breachitselfarecalled;(a);Specialdamages;(b);Liquidateddamages;(c);Unliquidateddamages;(d);Generaldamages;34.;Incaseofbreachof contract,theIndianlawawardsdamages;(a);To;makegoodfortheprofit;whichmayhavebeenearnedbutforthebreach;(b);Whicharosenaturallyorwhichparties;knewtobelikelywhentheyentered;intothecontract;(c);Topenalisethedefaulter;(d);Tocompensateformental;anxietyandphysicallosscausedbythebreach;35.;Incaseofanticipatorybreach,thedamages;willbeassessed;(a);Fromthedateonwhichthebreachoccurred;(b);Fromthepromiseddateofperformance;(c);Fromthedatethecourtinstructed;(d);Noneofthese;36.;Ifthecompensationtobepaidonbreachofcontractisthegenuine;pre-estimateofthepro-spectivedamages;itisknownas;(a);Penalty;(b);Liquidateddamages;(c);Unliquidateddamages;(d);Specialdamages;37.;Astipulationforincreasedinterestfrom;thedateofdefault;isknownas;(a);Compensation;(b);Penalty;(c);Liquidateddamages;(d);Damage;38.;Inacontract;ofdebtwhenasumisexpressedtobepayable;onacertain;dateandafurthersumisstipulated;to;bepayablein the;eventofdefault, thenlattersumisby way of;(a) Liquidateddamages;(b);Penalty;(c);Specialdamages;(d);Noneoftheabove;39.;Thedamagesawardedbyway ofpunishmentarecalled;(a);Specialdamages;(b);Ordinarydamages;(c);Exemplaryorindicativedamages;(d);Noneofthese;40.;Theremediesopentoaperson,suffering;frombreach ofcontract;are;(a);Damages;(b);Injunction;(c);QuantumMeruit;(d);Alloftheabove;41.;Theprovisionsregarding themeasureofdamages;forbreachofcontract;arelaiddownin;(a);Section71oftheContract;Act;(b);Section72oftheContract;Act;(c);Sections73to75oftheContract Act;(d);Section78oftheContract;Act;42.;Wherethepartiestoa;contractagreetosubstitutea new;contractforit,itisknown as;(a);Injunction;(b);Novation;(c);Rescission;(d);Alteration;43.;Theruleofimpossibilityiscontained;in;(a);Section56ofIndianContract;Act;(b);Section59ofIndianContract;Act;(c);Section60ofIndianContract;Act;(d);Section62ofIndianContract;Act;44.;Inthematterofliquidateddamages;(a);Theplaintiffisentitledtorecovertheagreed;amounttocompensationforthelosssuffered;(b);Theplaintiffisnotentitled;torecovertheagreedamountofcompensationforthelosssuffered;(c) Theplaintiffisentitledtorecover the agreed;amountof compensationwithouthavingtoprovetheexactlosssuffered;(d);Theplaintiffisentitledtorecovertheagreedamountofcompensationandhastoprovetheexactlosssuffered;45.;Aperson,whosuesfordamages;underthelawofcontract;(a);Hasadutyto;mitigatethelossconsequentuponthebreachofcontract;(b);Hasnodutyto;mitigatethelossconsequentuponthebreachofcontract;(c);Canclaimdamages;forthesuminclusive;oftheamountoflossduetohisnegligence;(d);Hasentirediscretioninthematter;46.;Thefirstcaseon;the'doctrineoffrustration'asdecidedby the;SupremeCourtof Indiais;(a);BasantiBastralayav.RiverSteamNavigationCo.Ltd.;(b);RajaDhuruvDevChandv.RajaHarmohinderSingh;(c);SushilaDevi v.Hari Singh;(d);SatyabrataGhoshv.Mugneeram;47.;Apartywhosuffers;lossasaresultofbreachofcontract;can,intheusualcourse;claim;(a);Ordinarydamages;(b);Specialdamages;(c);Exemplarydamages;(d);Penaldamages;48.;Aparty toa;contractcommittingbreach,isliabletopay compensationinrespect;of;(a) Thedirectconsequencesflowingfromthebreach;(b);Lossordamagecausedindirectly;(c);Lossescausedwhetherdirectlyorindirectly;(d);Lossescausedremotely;49.;Aparty whodoesnotsuffer;any lossincaseofbreachof contract,isentitled to;(a);Statutorydamages;(b);Liquidateddamages;(c);Exemplarydamages;(d);Nominaldamages;50.;Whichoneofthefollowingisrelevant;innormalcircumstancesindeterminingtheamountofdamagesforbreachofcontract?;(a);Normallyexpectedloss;(b);Differencebetweenmarketpriceandcontract;price;(c);Suddenclosureofproduction;(d);Additionalexpensesforprocuring;thegoods

 

Paper#59037 | Written in 18-Jul-2015

Price : $22
SiteLock