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11th Standard Commerce Performance of Contract English Medium Free Online Test One Mark Questions 2020 - 2021

11th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  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. Offer to performance is also know as

    (a)

    Tender

    (b)

    Actual performance

    (c)

    Promise

    (d)

    Agent

  5. 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

  6. 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

  7. When, at the desire of the promisor, the promisee or any other person has done or abstained from doing or, does or abstain from doing or promises to do or to abstain from doing something, such act or abstinence or promise under section 2(d) is called

    (a)

    Reciprocal promise

    (b)

    consideration for the promise

    (c)

    counter offer

    (d)

    acceptance

  8. In a valid contract, what comes first

    (a)

    enforceability

    (b)

    acceptance

    (c)

    promise

    (d)

    proposal

  9. Promisors forming consideration for each other are known as_______________.

    (a)

    independent promisors

    (b)

    dependent promisors

    (c)

    reciprocal

    (d)

    mutual promisors

  10. Sale of goods for cash is an example of_______________.

    (a)

    mutual and independent promises

    (b)

    mutual and dependent promises

    (c)

    mutual arid concurrent promises

    (d)

    conditional and dependent promises

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