CAF-4 | Ch-9 | CONSEQUENCES FOR BREACH OF CONTRACT
CAF-4 Chapter-9 Consequences for breach of contract
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Business Law Quiz for the ICAP CA students.
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Question 1 of 12
1. Question
1 pointsCategory: CAF4The main object of awarding damages is
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Question 2 of 12
2. Question
1 pointsCategory: CAF4In a breach of contract of sale, general rule for measuring damage is
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Question 3 of 12
3. Question
1 pointsCategory: CAF4Damages that naturally arose in the usual course of things from breach of contract are called:
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Question 4 of 12
4. Question
1 pointsCategory: CAF4Such damages which the parties knew, when they made the contract, to be likely to result from the breach are called:
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Question 5 of 12
5. Question
1 pointsCategory: CAF4In case of fixed damages provided in contract
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Question 6 of 12
6. Question
1 pointsCategory: CAF4Mr. B agreed to supply spare parts of the machine to Mr. A on 5th September at a particular price. Mr. B fails to deliver spare parts on the due date. There is a breach of contract and Mr. A filed a suit against Mr. B for the compensation of losses. Mr. A claimed that due to the non-availability of spare parts, the machine could not function, so Mr. A claimed (i) depreciation on the machine (ii) fixed expenses such as salary and (iii) loss of profit due to the non-function of the machine. State the legal position.
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Question 7 of 12
7. Question
1 pointsCategory: CAF4Which of the following losses can be recovered in case of breach of contract?
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Question 8 of 12
8. Question
1 pointsCategory: CAF4The rules for damages in quasi contract are same as those:
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Question 9 of 12
9. Question
1 pointsCategory: CAF4Mr. A agrees to sell 200 bags of sugar to Mr. B on 11th November at Rs.500/- per bag. Mr. B is to make payment on the delivery of sugar bags. Before the due date, the price of sugar has increased to Rs. 600/- per bag. Mr. A refuses to supply sugar to Mr. B. There is a breach of contract Mr. B is
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Question 10 of 12
10. Question
1 pointsCategory: CAF4The amount of damages fixed by the parties at the time of making a contract is not by way of penalty if:
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Question 11 of 12
11. Question
1 pointsCategory: CAF4In case of breach, full amount is to pe paid as stipulated in the contract if:
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Question 12 of 12
12. Question
1 pointsCategory: CAF4Mr. A entered into an agreement for constructing a house for Mr. B and to give complete possession on 1st January. Mr. B makes an agreement with Mr. C to renting out that house to him from 2nd January. This fact is in the knowledge of Mr. A. The house was badly constructed and collapsed before 1st January. Mr. B is entitled to get compensation for
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