A. Mutual and Concurrent
B. Conditional and dependent
C. Mutual and independent
D. Both (a) and (b)
✅ The correct answer is option B.
61. When after the formation of a valid contract, an event happens which makes the performance of contract impossible then the contract becomes
A. Void
B. Voidable
C. Valid
D. Illegal
✅ The correct answer is option A.
60. A party entitled to rescind contract, losses the remedy where
A. He has ratified the contract
B. Third party has acquired right in good faith
C. Contract is not separable and recession is sought of a party only
D. All of these
✅ The correct answer is option D.
59. The special damages ie, the damages which arise due to so a special or unusual circumstances
A. Are not recoverable altogether
B. Are illegal being punitive in nature
C. Cannot be claimed as a matter of right
D. Can be claimed as a matter of right
✅ The correct answer is option C.
58. Which of the following statements is correct?
A. Ordinary damages are recoverable
B. Special damage is recoverable only if the parties knew about them
C. Remote or indirect damages are not recoverable
D. All of these
✅ The correct answer is option D.
57. When offer is made to a definite person, it is known as
A. General offer
B. Cross offer
C. Counter offer
D. Special offer
✅ The correct answer is option D.
56. Standing offer means
A. Offer allowed to remain open for acceptance over a period of times
B. Offer made to the public in general
C. When the offeree offers to qualified acceptance of the offer
D. Offer made to a definite person
✅ The correct answer is option A.
75. When the offeree offers to qualified acceptance of the offer subject to modifications and variations he is said to have made a
A. Standing, open or continuing offer
B. Counter offer
C. Cross offer
D. Special offer
✅ The correct answer is option B.
74. What is legal terminology for the doing or not doing of something which the promisor desires to be done or not done?
A. Desires
B. Wishes
C. Considerations
D. Promise
✅ The correct answer is option C.
73. Can a person who is usually of unsound, but occasionally of sound mind, make a contract?
A. Yes, he can always make a contract
B. Yes, but only when he is sound mind
C. No, he cannot make contract
D. Can’t be determined
✅ The correct answer is option B.