A party entitled to rescind contract, losses the remedy where

Related MCQs

• In case of breach of contract, which of the following remedy is available to the aggrieved party?
• In commercial transactions, time is considered to be of the essence of contract, and if the party fails to perform the contract within specified time, the contract becomes
• As per Section 20, the contract is void, on account of bilateral mistake of fact. But as per Section 22, if there is mistake of only one party, then the contract is;
• When after the formation of a valid contract, an event happens which makes the performance of contract impossible then the contract becomes
• Sometimes, a party is entitled to claim compensation in proportion to the work done by him. It is possible by a suit for;
• A minor was facing a criminal prosecution for smuggling drugs. He borrowed Rs. 5000 to hire an advocate to defend him in the court of law. What is the remedy available to the creditor if the minor does not return the money on his own?
• When one party is in a position to dominate the will of another and uses his superior position to obtain the consent of a weaker party, the consent is said to be obtained by;
• Where the performance of a promise by one party depends on the prior performance of promise by the other party, such reciprocal promises fall under category of
• When the consent of a party is not free, the contract is:
• When the consent of a party is obtained by fraud, the contract is