When the parties to a contract agree to substitute a new contract that is called________?

Related Mcqs:

1. The __________ shall agree with the judgment and it shall contain the number of the suits the names and description of the parties and shall specify clearly the relief granted and the cost etc ?

   A. Judgment
   B. Order
   C. Decree
   D. None of the these

2. When one or more terms of the parties are altered with the consent of the parties.it is known as:

   A. Novation
   B. Rescission
   C. Alteration
   D. None of these

   Submitted by: Hafeez Alam Saila

3. All the agreements are contracts if they are made by free consent of the parties competent to contract for a ___________ consideration and object ?

   A. Any
   B. Lawful
   C. Unlawful
   D. None of above

4. The parties which can not be compelled to perform specific performance of contract are provided in_____________?

   A. Section 27, the Specific Relief Act,
   B. Section 28, the Specific Relief Act,
   C. Section 30, the Specific Relief Act,
   D. Non of These

5. Mistakes committed regarding Law by both the parties while making a contract resulted in:

   A. Making a valid contract
   B. making a voidable contract
   C. Making a void contract
   D. None of these

   Submitted by: Hafeez Alam Saila

6. A makes a contract with B to buy B’s horse if A survives C. This contract cannot be enforceed by law ?

   A. Unless and until C dies in A’s life time
   B. Unless and until A dies in C’s life time
   C. Both A and C dies
   D. None of above

7. The delivery of goods by one person to another for some purpose upon a contract that they shall when the purpose is accomplished be returned or otherwise dispose of upon discretion of the delivering person the contract is called___________________?

   A. Indemnity
   B. Bailment
   C. Contingent Contract
   D. None of above

8. Contingent Contract is defined is section______________ of The Contract Act?

   A. 25
   B. 26
   C. 27
   D. None of above

9. Section_________ of the Contract Act, deals with enforcement of contract contingent on an event happening?

   A. 30
   B. 31
   C. 32
   D. None of above

10. The contract of insurance is infact contract of________________?

    A. Urgency
    B. Indemnity
    C. Both (a) and (b)
    D. None of above