CA Foundation Breach of Contract and its Remedies — practice questions

Explore 2 free Breach of Contract and its Remedies questions in CA Foundation Business Laws. Open each question or exercise to read its content, reference answers and available explanation.

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Breach of Contract and its Remedies questions and exercises with answers

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True or false: breach and remedyRead the answer and worked solution →Which one does NOT belong?Read the answer and worked solution →

Worked practice questions

True or false: breach and remedy

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Questions

Statement is true
Yes
Statement
The party who suffers a breach is entitled to compensation.
Statement is true
Yes
Statement
Compensation is claimed from the party who broke the contract.
Statement is true
No
Statement
A broken contract leaves the injured party with no remedy at all.
Statement is true
Yes
Statement
Compensation is for loss or damage caused by the breach.

Instructions

Decide whether each statement about breach is true or false.

_Source: The Indian Contract Act 1872 bare act, 73. Compensation of loss or damage caused by breach of contract_

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Which one does NOT belong?

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Questions

Items
1. Compensation
2. Damages
3. Days of grace
4. Remedy for breach
Reason
Days of grace belongs to negotiable instruments, not to remedies for breach.
Odd item
Days of grace
Items
1. Breach of contract
2. Loss suffered
3. Compensation claimed
4. Free consent
Reason
Free consent is needed to form a contract; the other three follow after one is broken.
Odd item
Free consent

Instructions

Tap the item that does not belong with the rest.

_Source: The Indian Contract Act 1872 bare act, 73. Compensation of loss or damage caused by breach of contract_

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