Q). A contingent contract is
A) Valid
B) Void
C) Voidable
D) Illegal
Q). When a party to a contract transfers his contractual rights to another, it is known as
A) Waiver of contract
B) Discharge of contract
C) Assignment of contract
D) Rescission of contract
Q). Owing to strike in the factory of X, he is not able to supply the goods to Y as per the terms of the agreement. The agreement in such a case
A) Is discharged
B) Is not discharged
C) Becomes void
D) Is voidable at the option of X
Q). If a new contract is substituted in place of an existing contract, it is called
A) Alteration
B) Novation
C) Rescission
D) Remission
Q). The foundation of modern law relating to quantum of damages in case of breach of contract was laid down in
A) Tinn v. Hoffman
B) Taylor v. Cladwell
C) Hadley v. Baxendale
D) Addis v. Gramphone Co.