121. The threat to commit suicide amounts to
A. Coercion
B. Undue influence
C. Misrepresentation
D. Fraud
✅ The correct answer is option A.
Business Laws
122. Generally, which of the following damages are not recoverable?
A. Ordinary damages
B. Special damages
C. Remote damages
D. Nominal damages
✅ The correct answer is option C.
123. When the consent of a party is obtained by fraud, the contract is
A. Void
B. Voidable
C. Valid
D. Illegal
✅ The correct answer is option B.
124. Sometimes, a party is entitled to claim compensation in proportion to the work done by him. It is possible by a suit for;
A. Damages
B. Injunction
C. Quantum merit
D. None of these
✅ The correct answer is option C.
125. In case of breach of contract, which of the following remedy is available to the aggrieved party?
A. Suit for recission
B. Suit for damages
C. Suit for specific performance
D. All of these
✅ The correct answer is option D.
126. In case of anticipatory breach, the aggrieved party may treat the contract;
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.
127. When prior to the due date of performance, the promisor absolutely refuses to perform the contract, it is known as:
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.
128. A contract is discharged by recission which means the;
A. Change in one or more terms of the contract
B. Acceptance of lesser performance
C. Abandonment of rights by a party
D. Cancellation of the existing contract
✅ The correct answer is option D.
129. A contract is discharged by novation which means the;
A. Cancellation of the existing contract
B. Change in one or more terms of the contract
C. Substitution of existing contract for a new one
D. None of these
✅ The correct answer is option C.
130. A, B and C jointly promised to pay Rs.6000 to D. Before the performance of the contract, C dies. Here the contract;
A. Becomes void on C’s death
B. Should be performed by A and B along with C’s legal representatives
C. Should be performed by A and B alone
D. Should be renewed between A, B and D
✅ The correct answer is option B.