CMA Foundation MCQ – Discharge of ContractsJanuary 10, 2026 Maven Leave a Comment Welcome to the CMA Foundation MCQ - Discharge of Contracts Quiz! Name Email 1. Substitution of a new contract in place of an existing contract is called: Alteration Rescission Novation Waiver None 2. Tender of performance refers to: Actual performance Attempted performance Breach of contract Partial performance None 3. Cancellation of a contract by mutual agreement is known as: Alteration Rescission Waiver Merger None 4. Unauthorized material alteration results in: Valid contract Void agreement Discharge of contract Novation None 5. Which of the following requires no consideration? Novation Alteration Remission Assignment None 6. Which of the following is NOT a mode of discharge of contract? Performance Agreement Assignment Breach None 7. Discharge of contract means: Formation of contract Enforcement of contract Termination of contractual relationship Breach of contract only None 8. Which of the following contracts is discharged on death of the promisor? Contract to sell goods Contract to repay loan Contract involving personal skill Contract of lease None 9. A contract becomes void when performance becomes: Difficult Profitable Impossible Delayed None 10. Failure of a party to perform his obligations is known as: Waiver Remission Breach Rescission None Time's upRelated Posts:CMA Foundation MCQ – E-Contracts and E-SignatureCMA Foundation MCQ –Quasi and Contingent ContractsCMA Foundation MCQ Quiz Economics Lesson 1.6CMA Foundation MCQ Quiz Economics Lesson 1.5 - Part 2
Leave a Reply