11th Standard Syllabus & Materials
11th Standard
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NEW11th Standard
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TN 11th Tamil பீடு பெற நில் - துணைப்பாடம் - வாடிவாசல் Important Questions And Answers Study Material - QB365 Set A
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Published on: 30/09/2019
Performance of Contract
Download Tamil Nadu 11th Standard Commerce question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Commerce Test1.
Who is Third Person?
2.
What is meant by Appropriation of Payments?
3.
What is the nature of the third person with regard to performance of contract?
4.
What do you mean by appropriation of payments?
5.
A, B, and C are under a joint promise to pay D Rs 3000. C is unable to pay anything. D sues A for the entire sum of Rs 3000. What are A's liability?
6.
7.
What do you mean by offer to perform?
8.
Who is an Agent?
9.
Who is a Legal Representative?
10.
What are the kinds of reciprocal promises?
1.
According to Section 41, if a promisee accepts the performance of the promise by a third person he cannot afterwards enforce it against the promisor.
2.
Appropriation means application of payments - The question of appropriation of payments 'arises when a debtor owes several debts to the same creditor and makes a payment that is not sufficient to discharge the whole indebtedness.
(i) Appropriation of payment
(ii) Application of payment where debt to be discharged is not indicated.
(iii) Application of payment where neither party appropriates.
3.
According to Section 41,if a promisee accepts the performance of the promise by a third person he cannot afterwards enforce it against the promisor.
4.
Appropriation means application of payments.It arises when a debtor owes several debts to the same creditor and makes a payment that is not sufficient to discharge the whole indebtedness.
5.
(i) Section 43 of the Indian Contract Act, 1872 provides that when two or more persons make a joint promise, the promisee may, in the absence of a contract to the contrary, compel any one or more of such joint promisors to perform the whole of the promise.
(ii) Thus, A shall be liable to pay the entire sum of Rs 3000 to D.
6.
7.
(i) Sometimes it happens so that the promisor offers performance of his obligation under the contract at the proper time and place but the promisee refuses to accept the performance.
(ii) This is what is known as offer to perform or tender.
8.
According to Para 2 of Section 40, the promisor may employ a competent person such as agent to perform the promise, if the contract is not formed on personal condition. That person is called an agent.
9.
A legal representative can demand exception performance.
10.
The kinds of reciprocal promises are:
(i) Mutual and Independent
(ii) Mutual and Dependent
(iii) Mutual and Concurrent
11th Standard Syllabus & Materials
11th Standard
TN 11th Tamil பீடு பெற நில் - செய்யுள் - காவடிச்சிந்து Important Questions And Answers Study Material - QB365 Set A
NEW11th Standard
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NEW11th Standard
TN 11th Tamil மாமழை போற்றுதும் - துணைப்பாடம் - யானை டாக்டர் Important Questions And Answers Study Material - QB365 Set A
NEW11th Standard
TN 11th Tamil மாமழை போற்றுதும் - செய்யுள் - ஐங்குறுநூறு Important Questions And Answers Study Material - QB365 Set A
Tamilnadu Stateboard 11th Standard Subjects

Maths

Commerce

Economics

Biology

Business Maths and Statistics

Accountancy

Computer Science

Physics

Chemistry

Maths

Biology

Economics

Physics

Chemistry

History

Business Maths and Statistics

Computer Science

Accountancy

Computer Applications

History

Computer Technology

Commerce

Computer Applications

Computer Technology

Tamil

English

French
Tamilnadu Stateboard Standards