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127. When prior to the due date of performance, the promisor absolutely refuses to perform the contract, it is known as:

October 4, 2025 by Admin
A. Abandonment of a contract
B. Remission of contract
C. Actual breach of contract
D. Anticipatory breach of contract
✅ The correct answer is option D.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

126. In case of anticipatory breach, the aggrieved party may treat the contract;

October 4, 2025 by Admin
A. As discharged and bring an immediate action for damages
B. As operative and wait till the time for performance arrives
C. Exercise option either (a) or (b)
D. None of these
✅ The correct answer is option C.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

125. In case of breach of contract, which of the following remedy is available to the aggrieved party?

October 4, 2025 by Admin
A. Suit for recission
B. Suit for damages
C. Suit for specific performance
D. All of these
✅ The correct answer is option D.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

124. Sometimes, a party is entitled to claim compensation in proportion to the work done by him. It is possible by a suit for;

October 4, 2025 by Admin
A. Damages
B. Injunction
C. Quantum merit
D. None of these
✅ The correct answer is option C.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

122. Generally, which of the following damages are not recoverable?

October 4, 2025 by Admin
A. Ordinary damages
B. Special damages
C. Remote damages
D. Nominal damages
✅ The correct answer is option C.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

120. A contract depend on the happening or non happening of the future uncertain event, is a

October 4, 2025 by Admin
A. Uncertain contract
B. Contingent contract
C. Void contract
D. Voidable contract
✅ The correct answer is option B.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

118. A contingent contract is ;

October 4, 2025 by Admin
A. Void
B. Voidable
C. Valid
D. Illegal
✅ The correct answer is option C.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

101. A contingent contract depend on the happening of the future uncertain event can be enforced when the event;

October 4, 2025 by Admin
A. Happens
B. Becomes impossible
C. Doesn’t happen
D. Either of these
✅ The correct answer is option A.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

99. A agrees to pay Rs.1,00,000 to B if he brings a star from the sky. This is a contingent contract and

October 4, 2025 by Admin
A. Illegal
B. Valid
C. Voidable
D. Void
✅ The correct answer is option D.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

96. A voidable contract is one which;

October 4, 2025 by Admin
A. Can be enforced at the option of the aggrieved party
B. Can be enforced at the option of the both parties
C. Cannot be enforced in a court of laws
D. Court prohibits
✅ The correct answer is option A.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment
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