Contract Law (CLAT Legal-Aptitude): Questions 72 - 73 of 97
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Question number: 72
» Contract Law
Which of the following is false as far as the consequences of breach of contract are concerned?
A person who rightfully rescinds a contract is not entitled to consideration for any damage which he has sustained through the no fulfillment of the contract.
When a contract has been broken, the party who suffers by such breach is entitled to receive, from the party who has broken the contract, a compensation. The compensation is not to be given for any remote and indirect loss or damage sustained by reason of the breach.
When a contract has been broken, the party who suffers by such breach is entitled to receive, from the party who has broken the contract, compensation for any loss or damage caused to him thereby, which naturally arose in the usual course of things from such breach, or which the parties knew, when they made the contract, to be likely to result from the breach of it.
|d.||All of the above|
Question number: 73
» Contract Law
Which of the following statement is incorrect?
The promisee may in the absence of express agreements to the contrary compel one or more of the joint promisors to perform the whole promise when a joint promise has been made by two or more persons.
Where, by the contract, a promisor is to perform his promise without application by the promisee, and no time for performance is specified, the engagement may be performed at any point of time without any time limit for performance.
Unless a contrary intention appears from the contract, each of two or more joint promisors may compel every other joint promisor to contribute equally with himself to the performance of the promise.
Only on acquiescence by promisee by words or conduct should a promisee put an end to a contract when a party to a contract has refused to perform, or disabled himself from performing, his promise in its entirety.