CA Foundation Breach of Contract and its Remedies — practice questions
21 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Foundation Breach of Contract and its Remedies in the app →'Breach of contract' means:A breach that occurs before the time fixed for performance has arrived is called:Anticipatory breach may take place:On an anticipatory breach, the aggrieved party may:If the aggrieved party keeps the contract alive after an anticipatory breach, a consequence is that the guiltyUnder Section 73, 'ordinary damages' are those that:The rule in Hadley v. Baxendale establishes that loss of profits (special loss) is recoverable only if:Remote or indirect loss arising from a breach of contract is:A party who suffers from a breach of contract is, with respect to the resulting loss, under a duty to:Vindictive or exemplary damages may be awarded in which of the following cases?Nominal damages are awarded where:Under Section 74, where a sum is named in the contract as payable on breach, the aggrieved party is entitled tHow does Indian law treat the distinction between 'penalty' and 'liquidated damages'?A stipulated sum that is a genuine pre-estimate of the likely loss on breach is best described as:The remedy of 'quantum meruit' means a claim for:A claim on quantum meruit is available only if:Where damages are not an adequate remedy, the court may order the defaulting party to actually carry out the cA court order restraining a party from doing what he promised not to do (e.g. a singer performing elsewhere) iUnder Section 75, a party who rightfully rescinds a contract is:To the rule that compensation cannot exceed the stipulated sum, an exception exists where a bond is given to tA agrees to sell rice to B for delivery in two months; on the due date the market price has risen. A refuses t