When a contract ceases to bind the parties to it, it is said to be :

Related MCQs

• Each party to a contract is bound to perform his part of the obligation. After the parties have made due performance of the contract comes to an end. In such a case the contract is said to be discharged :
• When parties enter into a contract on telephone the contract becomes complete at the place where acceptance is heard by the proposer. This has been provided
• For binding contract both the parties to the contract must
• When the performance of a contract becomes impossible, the purpose which the parties had in mind is frustrated. If the purpose becomes impossible because of supervening event, the promisor is excused from the performance of the contract. This is known as :
• The law regarding Novation, i.e., where a new contract is substituted in place of the old one by means of an agreement between the parties to a contract or between them and a third party, is contained in
• Where the parties to a contract have agreed that a certain sum of money would be paid in case of breach of contract, the Court will ensure that
• Where the parties to a contract agree to substitute a new contract for it, it is known as
• Where there is a contract for the sale of specific goods, and the goods perish before the making of contract, without the knowledge of the seller, the contract is
• Obligation between parties that form contract
• All kinds of obligations between the parties form part of the contract. This statement is