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

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

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

(a)

Promisor

(b)

Promise

(c)

Agent

(d)

Legal representative

Offer to performance is also know as _______.

(a)

Tender

(b)

Actual performance

(c)

Promise

(d)

Agent

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

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

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

In a valid contract, what comes first _______.

(a)

enforceability

(b)

acceptance

(c)

promise

(d)

proposal

Promisors forming consideration for each other are known as_______________.

(a)

independent promisors

(b)

dependent promisors

(c)

reciprocal

(d)

mutual promisors

Sale of goods for cash is an example of__________.

(a)

mutual and independent promises

(b)

mutual and dependent promises

(c)

mutual and concurrent promises

(d)

conditional and dependent promises