- Type
- Midterm past paper
- Course
- MGT611 Business & Labor Law
- Size
- PDF 1.4 MB
- Updated
- 23 Oct 2026
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- When a promise is to be performed without application of promise, and no place is fixed for
the performance of it, what the promisor can do to perform the promise?
o
o
o
o
- Performance of reciprocal promises has been discussed in which part of the Contract Act,
1872?
o Section 20 - 25
o Section 31 - 37
o Section 46 - 50
o Section 51 - 54 ✅
3. Agreement to pay money without having any other interest on the happening or non-
happening of some future event is:
o
o
o
o
4. In a breach of contract of sale, general rule for measuring damage is:
o Difference between purchase price and selling price
o Difference between selling price and market price o Difference between contract price and market price ✅
o Difference between cost price and selling price
- When a party to contract undertakes to perform an "impossibility", the contract becomes:
o Void ✅
o Illegal
o
o Voidable
6. The court may grant rescission in all of the following cases, EXCEPT:
o The contract is voidable by blamed
o The contract is not performed as per settlement
o The contract is voidable by plaintiff
o The contract is breached by one of the party ✅
Q7. Mr. A contracts to pay Mr. C Rs. 10000 if Mr. C's house is burnt. Which type of contract is it?
o
o Absolute contract
o
o
Q8. In which of the following cases, the court may refuse to grant rescission?
o When plaintiff has not expressly ratified the contract
o When only a part of contract is to be rescinded and such part can not be separated from
the rest of contract
o When a third party has acquired right in good faith and value ✅
o When parties can not be restored to their original position due to changed
circumstances
9. Those damages which naturally arise as the result of breach of contract are called:
o
o
o o Special damages
- Mr. X agrees to pay a certain sum to Mr. Y, if Mr. Y brings on earth a star from the sky. It is a:
o Voidable contract
o Void contract ✅
o Valid contract
o Void agreement
Q1. Which section of contract act describes promises regarding time and place for performance?
o Section 47
o Section 35
o Section 56
✅ Section 47
2. In case of breach of contract, measure of damages is the difference between:
o Contract price and price fixed by court
o Contract price and market price on the date of breach
o Contract price and expected selling price
o Contract price and the highest market price during the continuance of court
✅ Contract price and market price on the date of breach
3. Payment received by the creditor must be appropriated for discharging debt:
o In a logical sequence of the debts
o Which has been borrowed at first
o Which has been borrowed at last
✅ According to instruction given by the debtor
- When a promise is to be performed without application of promise, and no place is fixed for
the performance of it, what the promisor can do to perform the promise?
o
o
o
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