1361. Sale of goods for cash is an example of :
A. Mutual and independent promises
B. Mutual and dependent promises
C. Mutual and concurrent promises *
D. Conditional and dependent promises
1362. When a party to a contract transfers his contractual rights to another, it is known as :
A. Rescission of contract
B. Waiver of contract
C. Discharge of contract
D. Assignment of contract *
1363. Where the debtor doesnot expressly intimate or where the circumstances attending on a payment do not indicate any intention the creditor :
A. May apply it even debt + oa time barried
B. Many apply it at his discretion + o any lawful debt due
C. A and B above
D. None of them
1364. When two or more persons have made a joint promise, then unless a country intention appears from the contract, all such persons must fulfill the promise :
A. Jointly *
B. Severally
C. Jointly and severally
D. Jointly or severally
1365. Assignment by operation of law takes place :
A. By the common assent of the gatherings
B. By the desire of one or the other party
C. At the point when the topic of agreement stops existing
D. By the passing of involved with an agreement *
1366. A who owes 10,000 $ to B passes on leaving a domain of 6,000 $ . A has the following legal representatives:
A. Liable for 10,000 $
B. Liable for 6.000 $ *
C. Not liable at all
D. Liable for 3,000
1367. Owing to a strike in the factory of A, he is not able to supply the goods to as per the terms of the agreement . The agreement in such a case :
A. Is discharged
B. Is not discharged *
C. Becomes void
D. Is voidable at the option of A
1368. If a contract contains an undertaking to perform an impossibility , the contract is :
A. Void ab initio *
B. Void
C. At the plaintiff’s option, voidable
D. Illegal
1369. An agreement to do an act impossible is itself :
A. Is void *
B. Is voidable
C. Is void ab initio
D. Becomes void when impossiblity is discovered
1370. If a new contract is substituted in place of an existing contract , it is called :
A. Alteration
B. Rescission
C. Novation *
D. Remission