Performance of Contract
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 1
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Subject : Mercantile Laws Questions : 30
Chapter : Performance of Contract-Test 1
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Question 1 of 30
1. Question
1 pointsA lets out a theatre to B for a series of drama for certain days. The theatre was completely destroyed by fire before the scheduled dates. In this case :
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Question 2 of 30
2. Question
1 pointsA servant is employed for one year on a monthly salary of Rs.1800, the whole salary to be paid at the end of the year. The servant wrongfully leaves the service after 6 months. Is he entitled to any salary ?
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Question 3 of 30
3. Question
1 pointsIf a new contract is substituted in place of an existing contract is called :
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Question 4 of 30
4. Question
1 pointsA contract of personal volition is not performed by :
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Question 5 of 30
5. Question
1 pointsThe original contract need not be performed if there is :
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Question 6 of 30
6. Question
1 pointsX sold rice to Y by sample and Y thinking that they were old rice purchased them, but the rice was new. In this case :
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Question 7 of 30
7. Question
1 pointsX and Y contract that Y shall build a house for X for Rs.20 lakhs. Y is ready and willing to construct the house but X prevents him from doing so. In such case :
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Question 8 of 30
8. Question
1 pointsSuppose the time fixed for performance of the contract has expired but the time is not essential. What is the remedy of the promisee in this case :
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Question 9 of 30
9. Question
1 pointsA mother owes Rs.10,000 to her daughter. But this debt has become barred by the Limitation Act. The mother signs a written promise to pay Rs.3,000 on account of the debt. In such a case which one is correct :
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Question 10 of 30
10. Question
1 pointsA contract can be discharged by :
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Question 11 of 30
11. Question
1 pointsIn case of death of a joint promisor(s), the promisee can :
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Question 12 of 30
12. Question
1 pointsWhere the performance of a promise by one party depends on the prior performance of promise-by the other party such reciprocal promises fall under the category.
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Question 13 of 30
13. Question
1 pointsIn contracts of sale of movable properties, time is :
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Question 14 of 30
14. Question
1 pointsWhich of the following contract is not discharged by frustation ?
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Question 15 of 30
15. Question
1 pointsNovation requires :
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Question 16 of 30
16. Question
1 pointsAcceptance of consideration lesser than that agreed is known as ______ .
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Question 17 of 30
17. Question
1 pointsImpossibility existing subsequent to the formation of contract is called _______ .
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Question 18 of 30
18. Question
1 pointsContract can be discharged by :
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Question 19 of 30
19. Question
1 points______ of a contract taken place when all or some of the terms of the contract are cancelled.
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Question 20 of 30
20. Question
1 pointsX paid to Y Rs.7,00,000 for purchase of a flat. Y promised to give possession of the flat after one year. Y’s promise to give the possession is :
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Question 21 of 30
21. Question
1 pointsBrown promises to sell his house to Crown for Rs.20,00,000. Later on both of them agreed not to execute the deal; this is known as :-
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Question 22 of 30
22. Question
1 pointsSupervening impossibility is related to :-
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Question 23 of 30
23. Question
1 pointsX contracts with Y to sell his imported car for Rs.50,00. Later on both the parties decide not to honour the deal. This is a case of discharge of contract by
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Question 24 of 30
24. Question
1 pointsA contract entered between promiser and promisee becomes impossible to perform due to the destruction of the subject matter. In this case
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Question 25 of 30
25. Question
1 pointsAmar promises to paint a picture for Rambabu. Here, the promise must be performed by Amar himself because the contract _________ .
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Question 26 of 30
26. Question
1 pointsIf time is the essence of a contract and it is not performed within specified time then ____ .
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Question 27 of 30
27. Question
1 points“Novation” means _____ .
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Question 28 of 30
28. Question
1 pointsUnder section 58 of the Indian Contract Act, 1872 in the case of alternative promise wherein one branch is legal and another branch is illegal the _____ .
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Question 29 of 30
29. Question
1 pointsWhen a voidable contract becomes void the rule of _______ .
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Question 30 of 30
30. Question
1 pointsIf any of the joint promisors make a default in making his contribution, how it will be settled down by other promisors ?
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