Indian Contract Act - Study Mode
[#691] A' promises to deliver goods to 'B' on a certain day at a certain day on the payment of Rs. 1000 'A' dies before that day
Correct Answer
(D) A's representatives are bound to deliver the goods to B and B is bound to pay Rs. 1000 to the representatives of 'A'
[#692] Consider the following statements about the doctrine of frustration: 1. Act has become impossible to be performed. 2. Act cannot be performed because of application of some law recently enacted. 3. Act cannot be performed because of the non-availability of raw material. 4. Act cannot be performed by defendant due to his accident. Which of the statements given above are correct?
Correct Answer
(B) 1, 2 and 4
[#693] The remedies for breach of contract are:
Correct Answer
(C) Compensatory damages
[#694] A owes money to B under a contract. It is agreed between A, B and C, that B shall thenceforth accept C as his debtor, instead of A. This agreement is called as . . . . . . . .
Correct Answer
(C) Novation
[#695] A promises to paint a picture for B by a certain day at a certain price. A dies before the day.
Correct Answer
(C) The agreement lapses for both the parties