1) Section 62 of the Indian contract Act 1872 provides :
A) Novation
B) Contingent contract
C) Promisee may dispense with or remit performance of promise.
D) Consequences of rescission of a voidable contract.
Answer : A
2) Section 64 of the Indian Contract Act 1872 provides :
A) Consequences of rescission of a voidable Contract.
B) Promisee may dispense with or remit performance of promise.
C) Effect of Novation, rescession and alteration of contract .
D) Mode of communicating or revoking a rescission of voidable Contract.
Answer : A
3) Section 66 of Indian Contract Act 1872 provides :
A) Mode of communicating or revoking a rescission of voidable contract.
B) Novation
C) Promise
D) Agreement
Answer : A
4) Change of the nature of the obligation is a contract is known as :
A) Renovation
B) Novation
C) Agreement
D) Quasi contract
Answer : B
5) If the creditor accepts a lesser sum of money than what was due under the contract in discharge of whole debt,it is called :
A) Remission
B) Novation
C) Contingent contract
D) Quasi contract
Answer : A
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