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11th Standard Commerce Performance of Contract English Medium Free Online Test One Mark Questions with Answer Key 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. 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

  2. Which of these parties cannot demand performance of promise?

    (a)

    Promisee

    (b)

    Any of the joint promisees

    (c)

    On the death of a promise, his legal representative

    (d)

    Stranger to the contract

  3. 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

  4. Every promise and every set of promises, forming the consideration for each other is an______

    (a)

    agreement

    (b)

    contract

    (c)

    offer

    (d)

    acceptance

  5. Promises which form the consideration or part there of for each other under section 2(F) are called______

    (a)

    acceptances for different proposals

    (b)

    agreements

    (c)

    reciprocal promises

    (d)

    consideration

  6. Void agreement signifies_______

    (a)

    agreement illegal in nature

    (b)

    agreement not enforceable by law

    (c)

    agreement violating legal procedure

    (d)

    agreement against public policy

  7. When a party to a contract transfers his contractual rights to another, it is known as________________.

    (a)

    rescission of contract

    (b)

    waiver of contract

    (c)

    discharge of contract

    (d)

    assignment of contract

  8. Assignment by operation of law takes place_____________.

    (a)

    by the mutual consent of the parties

    (b)

    by the will of either party .

    (c)

    when the subject matter of a contract ceases to exist

    (d)

    by the death of a party to a contract

  9. Atender of an instalment when the contract stipulates payment in full is a valid tender. The statement is______________.

    (a)

    True

    (b)

    False

    (c)

    None of these

  10. Where the debtor does not intimate, the creditor has the right to appropriate payment to a time-barred debt. This Statement is____________.

    (a)

    Ttue

    (b)

    False

    (c)

    None of these

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