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CA Foundation Breach of Contract and its Remedies — practice questions — page 2

Explore 69 free Breach of Contract and its Remedies questions in CA Foundation Businesslaw. 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

Showing questions 31–60 of 69.

A loan is repayable monthly; default in one instalment makes all due. Penalty?Read the answer and worked solution →A borrows Rs 100 and signs a bond for Rs 200 payable by instalments, all due on default. This is?Read the answer and worked solution →On breach of a bail-bond, a person is liable to pay what?Read the answer and worked solution →Does contracting with the Government alone create a public duty under Section 74?Read the answer and worked solution →What can one who rightfully rescinds a contract claim?Read the answer and worked solution →A singer skips night six, but B lets her sing on night seven. B can now?Read the answer and worked solution →Which section covers refusal or disablement to perform a promise in its entirety?Read the answer and worked solution →Prevention of reciprocal performance makes the contract?Read the answer and worked solution →Time is not essential and the promisor is late. The promisee may?Read the answer and worked solution →A promisee accepts late performance. To claim delay compensation he must have?Read the answer and worked solution →Under Section 65, one benefiting from a void agreement must?Read the answer and worked solution →A promises 250 maunds of rice by 1 May but delivers 130 in time; B keeps it after May. B must?Read the answer and worked solution →A singer sings five nights, skips the sixth; B rescinds. B pays for?Read the answer and worked solution →If a promisee refuses reasonable facilities, the promisor is?Read the answer and worked solution →Breach of contract occurs when a party does which of these?Read the answer and worked solution →Renunciatory breach is more commonly known as which breach?Read the answer and worked solution →A breach is of warranty, condition or which other kind of term?Read the answer and worked solution →A breach of warranty entitles the innocent party to what?Read the answer and worked solution →A repudiatory breach deprives the innocent party of what?Read the answer and worked solution →Punitive damages for breach are awarded in which cases?Read the answer and worked solution →Compensatory damages aim to place the innocent party where?Read the answer and worked solution →Are damages for distress or disappointment generally allowed?Read the answer and worked solution →After an anticipatory breach, the innocent party has which option?Read the answer and worked solution →If the innocent party never tells the defaulter it accepts a repudiatory breach, the contract?Read the answer and worked solution →Missing a stipulated date is usually which kind of breach?Read the answer and worked solution →If a contract says time is of the essence, late performance is what?Read the answer and worked solution →A window given to a defaulter to fix a breach is called what?Read the answer and worked solution →Repudiation by one party gives the other which right?Read the answer and worked solution →Courts most often order specific performance for contracts about what?Read the answer and worked solution →Specific performance is almost never available for contracts of what type?Read the answer and worked solution →

Worked practice questions

A loan is repayable monthly; default in one instalment makes all due. Penalty?

  1. Yes, it is void entirely
  2. No, it is enforced as written
  3. No, the Court halves it
  4. Yes, if interest is added
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Correct answer: B. No, it is enforced as written

An acceleration clause making the unpaid balance due is not a penalty and is enforced as agreed.

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A borrows Rs 100 and signs a bond for Rs 200 payable by instalments, all due on default. This is?

  1. A valid security term
  2. A penalty clause
  3. A lawful interest rate
  4. A mere warranty
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Correct answer: B. A penalty clause

Doubling the debt on default is out of proportion to the loan, so it operates as a penalty.

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On breach of a bail-bond, a person is liable to pay what?

  1. Half the sum named
  2. Actual loss proved
  3. The whole sum in the bond
  4. Reasonable compensation
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Correct answer: C. The whole sum in the bond

The Exception makes a bail-bond signatory liable for the entire amount mentioned in the instrument.

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More Businesslaw topics

Negotiable Instruments Act 1881Nature of ContractsAgencyThe Limited Liability Partnership Act 2008PartnershipContract of Indemnity and GuaranteePerformance of ContractCompanies Act 2013