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11th Commerce - Performance of Contract Book Back Questions Question Bank Software Sep-12 , 2019

Performance of Contract 

11th Commerce - Performance of Contract Book Back Questions

Performance of Contract Book Back Questions

11th Standard

    Reg.No. :
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Commerce

Time : 00:40:00 Hrs
Total Marks : 25
    3 x 1 = 3

  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

  2. 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

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

    (a)

    Promisor

    (b)

    Promise

    (c)

    Agent

    (d)

    Legal representative

    4. 3 x 2 = 6

  4. State the ways of performing a contract?

  5. Who is an Agent?

  6. By whom must contracts be perfomed?

    7. 2 x 3 = 6

  7. What is a valid tender?

  8. Who is a Joint Promisors?

    9. 2 x 5 = 10

  9. Explain rules relating to place of performance of promise

  10. How do you think appropriation of payments takes place?

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