56) ILO was originally an organ of
A) UNO
B) IMF
C) League of Nations
D) GATTSS
57) Frustration of contract implies
A) Commercial hardship
B) Physical impossibility due to disappearance of the subject-matter of the contract or the object has failed to materialize
C) Both (a) and (b)
D) None of the above
58) A party to a contract can be discharged from performing it, if it has become
A) Expensive
B) Onerous
C) Commercially inviable
D) Impossible
59) Every promise and every set of promises, forming the consideration for each other, is an
A) agreement
B) Contract
C) Obligation
D) Lawful promise
60) A proposal when accepted becomes a
A) Promise
B) Contract
C) Offer
D) Acceptance