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11th Standard English Medium Commerce Subject Performance of Contract Creative 1 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5
  1. Offer to performance is also know as _______.

    (a)

    Tender

    (b)

    Actual performance

    (c)

    Promise

    (d)

    Agent

  2. 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

  3. 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

  4. 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

  5. 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

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