Read Assertion (A) and Reason (R) and answer using given below:<br>Assertion (A): Compensation is recoverable for any loss or damage which the parties knew at the time of the contract as unlikely to result from the breach of the contract.<br>Reason (R): Because above rule is laid down in Hadley v. Baxendale case.

Consider the following statements with regard to the consequences of breach of contract.
1. In case of breach of contract, the party who suffers is entitled to receive compensation for any loss or damage caused to him thereby, which the parties knew, when they made the contract, to be likely to result from the breach of it.
2. Such compensation is to be given for any remote and indirect loss or damage sustained by reason of the breach.
Which of the statements given above is/are correct?

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

An assertion and a reason are given below. Assertion: The phenomenon of nuclear fission generates great energy. Reason: The process in which a nucleus is broken into two parts is called nuclear fission. Choose the answer. A. Both Assertion and Reason are true and Reason is the correct explanation of Assertion. B. Both Assertion and Reason are true but Reason is not the correct explanation of Assertion. C. Both Assertion and Reason are false. D. Assertion is true but Reason is false.

A

B

D

C

B

D

C

Consider the following statements:
(1) In case of breach of contract generally damages are awarded.
(2) In case of breach of contract, remedy of specific performance of contract is always given.
(3) In case of breach of contract, fine is also imposed along with the award of damages.
(4) In exceptional cases where damages are not adequate compensation, remedy of specific performance can be given.
Which of the statements given above are correct?

A

(1) and (3)

B

(3) and (4)

C

(1) and (4)

D

(2) and (4)

Hadley v. Baxendale is a leading English contract law case that sets the basic rule to determine consequential damages from a breach of contract. The statement is:

A

False

B

True

C

Partially true

D

It does not relate to breach of contract

Given below are two statement, one is labelled as Assertion A and other is labelled as Reason R Assertion A: Systems of education which are place-specific, time-specific and person-specific are said to be formal and are created by laid down law and procedures Reason R: Open universities and open schools are the example of a formal system of education because they are created by laid down procedures In light of the above statements, choose the correct answer from the options given below

A

Both A and R are true and R is the correct explanation of A

B

Both A and R are true but R is NOT the correct explanation of A

C

A is true but R is false

D

A is false but R is true

Read Assertion (A) and Reason (R) and answer using given below:
Assertion (A): Partner of an erstwhile unregistered partnership firm can bring a suit to enforce a right arising out of a contract falling within the ambit of Section 69 of the Indian Partnership Act.
Reason (R): Because Judgement in case of Loonkaran Sethia v. Ivan E. John laid down above judicial principle.

A

Both (A) and (R) are correct and (C) is correct reason for (A)

B

Both (A) and (R) are wrong

C

(A) is right, but (R) is wrong

D

(A) is wrong, but (R) is right

Following is/are essentialt(s) of valid contract as per Indian Contract Act, 1872.
(1) Parties to contract should have capacity to contract.
(2) Parties to contract should have legal mind.
(3) Parties to contract should be intelligent.
(4) Invitation to offer should be accepted.
Find correct answer:

A

Only (1) and (4) are correct

B

Only (1) is correct

C

All of above are correct

D

Only (2) is correct

E

None of these

Read Assertion (A) and Reason (R) and answer by using given below:
Assertion (A): Under the Company Law, though any outsider is presumed to be aware of the documents which are publicly accessable, but not the internal proceedings of which he can not reasonably aware of, because those are not accessible to the public.
Reason (R): The Doctrine of indoor management evolved as a partial exception to the Doctrine of Constructive Notice and the rule was laid down in Royal British Bank v. Turquand.

A

Both (A) and (R) are correct and (R) is the correct explanation of (A)

B

Both (A) and (R) are correct but (R) is not the correct explanation of (A)

C

(A) is true but (R) is false

D

(A) is false but (R) is true

Consider the following statements and give correct answer with the help of given below:
The case of Mohori Bibee v. Dharmodas Ghose:
(1) has laid down that a minor's contract becomes valid when he attains majority.
(2) is the decision of the Supreme Court of India regarding minor's contract.
(3) is the decision of Privy Council regarding voidness of minor's contract.
(4) has laid down that contract without consideration is void.

A

(3) and (4) are correct, but (1) and (2) are incorrect

B

(1) and (2) are correct, but (3) and (4) are incorrect

C

(3) is correct, but (1), (2) and (4) are incorrect

D

(2) and (4) are correct, but (1) and (4) are incorrect

Read Assertion (A) and Reason (R) and answer using given below.
Assertion (A): 'Goods' means every kind of movable property including actionable claims and money and excludes stock and shares, growing crops, grass and things attached to or forming part of the land which are agreed to be served before sale or under the contract of sale.
Reason (R): Above principle is laid down in Section 2(7) of the Sale of Goods Act.

A

Both (A) and (R) are right

B

Both (A) and (R) are wrong

C

(A) is wrong but (R) is right

D

(A) is right but (R) is wrong

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