11th Standard EM - Commerce - Performance of Contract

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Question - 1

On the valid performance of the contractual obligations by the parties, the contract ____________

  • A Is discharged
  • B Become enforceable
  • C Becomes void
  • D Becomes legal

Question - 2

Which of the following persons can perform the contract?

  • A Promisor alone
  • B Legal representatives of promisor
  • C Agent of the promisor
  • D All of these

Question - 3

A, B, C jointly promised to pay Rs. 50,000 to D. Before performance of the contract, C dies. Here, the contract ______________

  • A Becomes void on C's death
  • B Should be performed by A and B along with C's legal representatives.
  • C Should be performed by A and B alone
  • D Should be renewed between A, B and D

Question - 4

Which of these parties cannot demand performance of promise?

  • A Promisee
  • B Any of the joint promisees
  • C On the death of a promisee, his legal representative
  • D Stranger to the contract

Question - 5

A person is said to be a third person if he is not a ____________

  • A Promisor
  • B Promise
  • C Agent
  • D Legal representative

Question - 6

Offer to performance is also know as _______.

  • A Tender
  • B Actual performance
  • C Promise
  • D Agent

Question - 7

A promise to paint a picture for B. This contract will be performed by _______.

  • A Agent
  • B Legal representative
  • C Promisor by himself
  • D Promisee by himself

Question - 8

Promise which form consideration or part of consideration for each other are called as _______.

  • A Joint promise
  • B Reciprocal promise
  • C Devolution of Joint liabilities
  • D Devolution of Joint Rights

Question - 9

When the two promises are said to be performed simultaneously, they are said to be _______.

  • A Mutual and Independent
  • B Mutual and dependen
  • C Mutual and concurrent
  • D Conditional and dependent

Question - 10

A debtor owes several distinct debts to the same creditor and he has a right to instruct his creditor to which particular debts is to be adjusted is _______.

  • A Application of payments where the debt to be discharged is indicated
  • B Application of payments where he debt to be discharged is not indicated
  • C Application of payment where neither party appropriates
  • D None of these