34. When the free consent of parties in an agreement is impaired, an agreement is said to be:-

a. valid

b. voidable

c. void

d. valid and voidable

35. A party who is subject to the obligation of a contract may be discharged from those contractual obligations in the following ways:-

i. by performance

ii. by agreement

iii. by frustration

iv. by breach

a. i, ii, iii and iv

b. ii, iii and iv

c. i, ii and iii

d. none of the above

36. A party who suffers because of breach of an agreement can seek either of the following remedies suitable to his case under the contract law:-

i. damages

ii. specific performance

iii. injunction

iv. quantum meruit

a. i, ii and iii

b. i, ii and iv

c. i, ii, iii and iv

d. none of the above

37. Under Section 74(1) of the Contract Act 1950, damages are granted to a party who suffers because of breach of contract as:-

a. compensation for the damage, loss or injury he has suffered through a breach of contract

b. punishment for the damage, loss or injury he has suffered through a breach of contract

c. punitive punishment for the damage, loss or injury he has suffered through a breach of contract

d. alternative punishment to a fine

38. Under Section 75 of the Contracts Act 1950, the law provides that if a sum is named in the contract as the amount to be paid in case of breach, or if the contract contains any other stipulation by way of penalty, the party complaining of the breach is entitled:-

a. to receive from the party who has broken the contract reasonable compensation not exceeding

the amount so named or, as the case may be, the penalty stipulated for

b. to receive from the party who has broken the contract reasonable compensation exceeding the

amount so named or, as the case may be, the penalty stipulated for

c. to receive from the party who has broken the contract any amount he so desires

d. to receive from the party who has broken the contract any amount he so desires exceeding the

amount so named or, as the case may be, the penalty stipulated for

39. Under Section 76 of the Contracts Act 1950, the law provides that a person who rightfully rescinds the contract :-

a. is entitled to compensation for any damage which he has sustained through the non-fulfilment of the contract

b. is entitled to punish the other party for any damage which he has sustained through the non- fulfilment of the contract

c. is entitled to cause damage to the other party equivalent for any damage which he has sustained through the non-fulfilment of the contract

d. is entitled to seek compensation for any damage which he has sustained through the non- fulfilment of the contract either at common law or in equity