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1
Consider the following objectives of the law relating to damages:
1. Enrich the party who has sustained loss by breach of contract.
2. Punish the party who has committed the breach of contract.
3. Put the party, who sustained the loss, in the same position as if the contract has been performed.
Which of the statements given below is/are correct?
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Answer & Solution
Answer: Option C
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2
When there is a breach of contract, special damages are awarded:
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Answer: Option D
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3
The act of submission of a tender is:
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Answer: Option A
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4
"For an acceptance mere mental resolve to accept would not be sufficient; there must be some external manifestation of the intent by speech, writing or other act."
It was held by Supreme Court in
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Answer: Option D
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5
Under which provision of Indian Contract Act the bank guarantee is governed
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Answer & Solution
Answer: Option A
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6
The following rules as to consideration is true:
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Answer: Option B
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7
Inadequacy of consideration could be taken into account by the court
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Answer: Option B
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8
Consent for a contractis free when it is caused by
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Answer: Option C
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9
In Indian Contract Act, the responsibility of finder of goods is provided under
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Answer: Option D
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10
Which one of the following statements is not correct?
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Answer & Solution
Answer: Option D
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