Online Quiz 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 5
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Subject : Mercantile Laws Questions : 30
Chapter :Performance of contract-Test 5
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Where two or more persons jointly enter into an agreement with one or more persons , the promise is known as ———-
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Question 2 of 30
2. Question
1 points
When two or more persons have made a joint promise, then unless the contrary intention appears from the contract, all such promisors must fulfil the promise ————-
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Question 3 of 30
3. Question
1 points
On the death of all the joint promisors before the performance of the contract, the legal representatives of all of them jointly become liable to perform the contract. This rule is known as ————-
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Question 4 of 30
4. Question
1 points
X,Y and Z jointly promise to pay Rs.5,00,000 to ‘A’ .A release X from from his liability . In this case ————-
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Question 5 of 30
5. Question
1 points
The rule relating to performance of joint promises are contained in ——–
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Question 6 of 30
6. Question
1 points
X,Y and Z jointly promise to pay Rs.5,00,000 to A .Before performance of the contract ,Z dies.In this case , the contract should be ——–
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Question 7 of 30
7. Question
1 points
Where one person makes a joint promise to more than one person, then which of the following statement is correct?
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Question 8 of 30
8. Question
1 points
Where a promisee releases one of the several joint promisors, then the ———
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Question 9 of 30
9. Question
1 points
Where the day for performance is specified, then the promise must be performed ————
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Question 10 of 30
10. Question
1 points
Where time is not the essence of the contract, failure to perform the contract within the fixed time makes the contract ———-
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Question 11 of 30
11. Question
1 points
Substitution of a new contract in place of an existing contract is called—–
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Question 12 of 30
12. Question
1 points
Acceptance by the promisee of a lesser fulfillment of the promise made is called ———-
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Question 13 of 30
13. Question
1 points
In which case contract is not always discharged ?
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Question 14 of 30
14. Question
1 points
Impossibility which does not exist at the time of making the contract but which aries subsequently after the formation of the contract is called ———
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Question 15 of 30
15. Question
1 points
Agreement does not becomes void where initial impossibility is ————
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Question 16 of 30
16. Question
1 points
Where the performance of a contract becomes subsequently impossible or unlawful, the contract becomes ———
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Question 17 of 30
17. Question
1 points
Discharge of contract by anticipatory breach of contract takes place ——-
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Question 18 of 30
18. Question
1 points
An agreement to do an act impossible it itself ——–
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Question 19 of 30
19. Question
1 points
If an agreement contains an undertaking to perform an impossibility, the agreement is ——–
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Question 20 of 30
20. Question
1 points
A creditor agree with his debtor and a third party to accept that third party as his debtor. The contract is discharged by ———
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Question 21 of 30
21. 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 must apply ————
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Question 22 of 30
22. Question
1 points
———- signifies that the parties are not further bound under the contract.
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Question 23 of 30
23. Question
1 points
A contract stands discharged ———–
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Question 24 of 30
24. Question
1 points
If a contract ceases to bind the parties to it, it is said to be ———-
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Question 25 of 30
25. Question
1 points
A contract can be discharged by performance in which of the following ways?
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Question 26 of 30
26. Question
1 points
Once the promise is performed, i.e parties have done whatever was contemplated under the contract, the contract comes to and an end.This is known as —————
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Question 27 of 30
27. Question
1 points
A took an land on lease from B, subsequently, A purchase that land . A becomes owner of the land and ownership rights being superior to rights of a lessees, the earlier contract of lease is ———
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Question 28 of 30
28. Question
1 points
When any party makes any material alteration to the terms of contract, without the consent of the other party, the contract is ———