Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
Q. Hadley v. Baxendale case is a leading case on
a. Breach of implied term
b. Anticipatory breach
c. Law of damages
d. None of these
Q. Damages which arise naturally in usual course of things from breach itself are called
a. Special damages
b. Liquidated damages
c. Unliquidated damages
d. General damages
Q. In case of breach of contract, the Indian law awards damages
a. To make good for the profit which may have been earned but for the breach
b. Which arose naturally or which parties knew to be likely when they entered into the contract
c. To penalise the defaulter
d. To compensate for mental anxiety and physical loss caused by the breach
Q. In case of anticipatory breach, the damages will be assessed
a. From the date on which the breach occurred
b. From the promised date of performance
c. From the date the court instructed
d. None of these
Q. If the compensation to be paid on breach of contract is the genuine pre-estimate of the prospectivedamages, it is known as
a. Penalty
b. Liquidated damages
c. Unliquidated damages
d. Special damages
Q. A stipulation for increased interest from the date of default is known as
a. Compensation
b. Penalty
c. Liquidated damages
d. Damage
Q. In a contract of debt when a sum is expressed to be payable on a certain date and a further sum isstipulated to be payable in the event of default, then latter sum is by way of
a. Liquidated damages
b. Penalty
c. Special damages
d. None of the above
Q. The damages awarded by way of punishment are called
a. Special damages
b. Ordinary damages
c. Exemplary or indicative damages
d. None of these
Q. The remedies open to a person, suffering from breach of contract are
a. Damages
b. Injunction
c. Quantum Meruit
d. All of the above
Q. The provisions regarding the measure of damages for breach of contract are laid down in
a. Section 71 of the Contract Act
b. Section 72 of the Contract Act
c. Sections 73 to 75 of the Contract Act
d. Section 78 of the Contract Act
Q. Where the parties to a contract agree to substitute a new contract for it, it is known as
a. Injunction
b. Novation
c. Rescission
d. Alteration
Q. The rule of impossibility is contained in
a. Section 56 of Indian Contract Act
b. Section 59 of Indian Contract Act
c. Section 60 of Indian Contract Act
d. Section 62 of Indian Contract Act
Q. In the matter of liquidated damages
a. The plaintiff is entitled to recover the agreed amount to compensation for the loss suffered
b. The plaintiff is not entitled to recover the agreed amount of compensation for the loss suffered
c. The plaintiff is entitled to recover the agreed amount of compensation without having to prove the exact loss suffered
d. The plaintiff is entitled to recover the agreed amount of compensation and has to prove the exact loss suffered
Q. A person, who sues for damages, under the law of contract
a. Has a duty to mitigate the loss consequent upon the breach of contract
b. Has no duty to mitigate the loss consequent upon the breach of contract
c. Can claim damages for the sum inclusive of the amount of loss due to his negligence
d. Has entire discretion in the matter
Q. The first case on the 'doctrine of frustration' as decided by the Supreme Court of India is
a. Basanti Bastralaya v. River Steam Navigation Co. Ltd.
b. Raja Dhuruv Dev Chand v. Raja Harmohinder Singh
c. Sushila Devi v. Hari Singh
d. Satyabrata Ghosh v. Mugneeram