Online Mock Test in Performance of Contract in Mercantile Laws for the preparation of professional exams of ca cpt, ca foundation, cs foundation, cma foundation
Performance of Contract-Test 4
Time limit: 0
Quiz-summary
0 of 25 questions completed
Questions:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Information
Subject : Mercantile Laws Questions : 30
Chapter :Performance of contract-Test 4
Click on Start quiz button
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
If time is not the essence of the contract, and there is a failure to perform the contract by the specified time, then, the contract _______.
Correct
Incorrect
Question 2 of 25
2. Question
1 points
X promises to deliver goods at Y’s shop on the 1st April. On that day, X brings the goods to Y’s shop but after the usual hour for closing it and they are not received. Which one of the following is correct ?
Correct
Incorrect
Question 3 of 25
3. Question
1 points
When a promise is to performed on a specified day, the promisor may perform the promise, at the place at which the promise ought to be performed at any
Correct
Incorrect
Question 4 of 25
4. Question
1 points
If time is the essence of the contract and the promisor fails to perform the contract by the specified time, the contract becomes
Correct
Incorrect
Question 5 of 25
5. Question
1 points
When a contract contains Reciprocal promises and one party to the contract prevents the other from performing his promise, the contract is
Correct
Incorrect
Question 6 of 25
6. Question
1 points
X and Y contract that X shall build a house for Y at a fixed price. In this case
Correct
Incorrect
Question 7 of 25
7. Question
1 points
When a contract expressly provides for the order of performance of reciprocal promises, the promises shall be performed in _______.
Correct
Incorrect
Question 8 of 25
8. Question
1 points
Performance of contract may be ———–
Correct
Incorrect
Question 9 of 25
9. Question
1 points
Performance of contract means the performance of respective obligation under the contract by ———-
Correct
Incorrect
Question 10 of 25
10. Question
1 points
On the valid performance of contractual obligations by the parties, the contract ————
Correct
Incorrect
Question 11 of 25
11. Question
1 points
The fulfillment of their respective promises by the parties to the contract is known as ———-
Correct
Incorrect
Question 12 of 25
12. Question
1 points
The obligation of the parties to perform their respective promise is provided in ——–
Correct
Incorrect
Question 13 of 25
13. Question
1 points
When a contract contains reciprocal promises and certain promises therein are legal; and under specified situations, certain other promises are illegal :
Correct
Incorrect
Question 14 of 25
14. Question
1 points
When contract does not provide for the order of performance of reciprocal promises, the promises shall be performed
Correct
Incorrect
Question 15 of 25
15. Question
1 points
‘A ‘and ‘B’ contract for delivery of goods by ‘A’ on a certain day, and payment by ‘B’ upon such delivery
Correct
Incorrect
Question 16 of 25
16. Question
1 points
When the debtor does not expressly intimate or where the circumstances attending on a payment do not indicate any intention, the Creditor may apply it to —————
Correct
Incorrect
Question 17 of 25
17. Question
1 points
When neither the Creditor or Debtor makes any appropriation and there are many debts of equal standing in the order of time, payment shall be applied in discharge of ———-
Correct
Incorrect
Question 18 of 25
18. Question
1 points
‘A’ and ‘B’ contract that B shall build a house for A for Rs.20 Lakhs. B is ready and willing to construct the house, But A prevents him from doing so, In such case ———–
Correct
Incorrect
Question 19 of 25
19. Question
1 points
When ‘A’ and ‘B’ totally Rs.50,000. He sends a cheque for Rs.20,000 stating that it shall be appropriated towards he first sum of Rs.20,000 he took from B. B shall appropriate it towards ———–
Correct
Incorrect
Question 20 of 25
20. Question
1 points
———- signifies that the parties are not further bound under the contract.
Correct
Incorrect
Question 21 of 25
21. Question
1 points
Tender means ———-
Correct
Incorrect
Question 22 of 25
22. Question
1 points
When the promisee refuses to accept performance from the promisor who offer to perform, it is ———–
Correct
Incorrect
Question 23 of 25
23. Question
1 points
When a contract contain reciprocal promises and one party to the contract prevents the other from performing his promise, the contract becomes ———–
Correct
Incorrect
Question 24 of 25
24. Question
1 points
Where time is the essence of the contract and the promisor fails to perform his promise in time, the contract becomes ———–
Correct
Incorrect
Question 25 of 25
25. Question
1 points
Each party is a promisor and a promisee in case of ————