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1

A owes B Rs10,000. A enters into an arrangement with B and gives B a mortgage of his (A's) estate for 5.000 rupees in place of the debt of Rs10,000. This is a -

A

new contract and extinguishes the old
B

not a new contract
C

does not extinguishes the old
D

None of the above

2

A' contract to sing for 'B' at 8 concert and gets Rs. 1,000 as advance. 'A’ is too ill to sing, here:

A

'A' is bound losing.
B

'A' is bound to compensate 'B' for toss.
C

'A' is bound to return the amount of advance.
D

None of the above

3

A' owes 'B' Rs. 5,000. 'A' pays to 'B' Rs. 2,000 and 'B' accepts it in satisfaction of whole claim on 'A', here

A

whole debt is discharged
B

no debt is discharged
C

a part of debt is discharged
D

none of the above

4

Point out the incorrect statement:

A

A party who rightfully rescinds a contract is entitled to compensation for his damages.
B

Where a person gives any bond for the performance of any act in which the public is interested, he shall be liable upon its breach, to pay the whole sum mentioned therein.
C

A party to the contract complaining of the breach is not entitled to receive any compensation from the other party, if no actual damage or loss is proved to have been ca used thereby.
D

The rule of compensation for loss or damages caused due to the breach of a contract contained in Section 73 of the Contract Act, does not apply to void agreements.

5

A suit for money paid and received does not lie in the following set of circumstances:

A

Money paid by plaintiff to the defendant which he seeks to recover
B

Money paid by the plaintiff to a third party for the benefit of the defendant which the plaintiff seeks to recover
C

Money received by the defendant from third parries in circumstances in which it will not be looked upon as a plaintiffs money which he seeks to recover
D

Money received by the defendant from third parties in circumstances in which it will not be looked upon as a plaintiffs money which he seeks to recover

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