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 2
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Subject : Mercantile Laws Questions : 30
Chapter :Performance of contract-Test 2
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A, B and C jointly promise to pay D a sum of Rs.90,000. C is compelled to pay the whole of the amount to D. Can he recover anything from A and B when both A and B were solvent ?
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Question 2 of 30
2. Question
1 points
R contracts to sell his car to S for Rs.7 Lacs and S agrees to pay on delivery. Once the car is delivered to S and S pays Rs.7 lakhs, Contract comes to an end. This is called :
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Question 3 of 30
3. Question
1 points
In case of default by joint promisors, the promisee :
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Question 4 of 30
4. Question
1 points
A enters into a contract with B for dancing at his theatre for three nights for a fee of Rs.2,00,000. A dances for two nights and is fallen ill. What remedy is available to B ?
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Question 5 of 30
5. Question
1 points
Reasonable time for performance of a contract is a :
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Question 6 of 30
6. Question
1 points
the right of joint promisees to demand performance is :
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Question 7 of 30
7. Question
1 points
Rescission of a voidable contract is communicated and revoked in the same manner as the communication of revocation of :
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Question 8 of 30
8. Question
1 points
Discharge by mutual agreement may involve _____ .
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Question 9 of 30
9. Question
1 points
If time is the essence of a contract and the promisor fails to perform the contract by the specified time, the contract :
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Question 10 of 30
10. Question
1 points
Whether time is the essence of the contract depends on the :
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Question 11 of 30
11. Question
1 points
X owes Y tow sums, one for Rs.2,000 which is barred by Limitation and another for Rs.2,500. which is not barred. X pays Y R.1,000 on account generally, later Y sues for Rs.2,500. X pleads :
(i) As to Rs.2,000 that it was time barred, and
(ii) As to Rs.2,500 a part payment of Rs.1,000
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Question 12 of 30
12. Question
1 points
When an inferior right accruing to a party in a contract merges into a superior right accruing to the same party, then :
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Question 13 of 30
13. Question
1 points
W, a singer enters into a contract with M, the manager of a theatre, to sing at his theatre for two nights in every week during the next two months and M engages to pay her Rs.5 lakhs for each night’s performance. On the 7th night, W willfully absents herself from the theatre :
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Question 14 of 30
14. Question
1 points
Commercial impossibility does not make the contract ________ .
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Question 15 of 30
15. Question
1 points
In a contract where personal consideration is not the foundation of the contract, the contract may be performed by :
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Question 16 of 30
16. Question
1 points
Reciprocal promises are ____ .
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Question 17 of 30
17. Question
1 points
A promises to paint a picture for B by a certain date for a certain amount. A dies before painting the picture. Which one of the following is correct in such a situation ?
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Question 18 of 30
18. Question
1 points
Contractual impossibilities are known as ?
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Question 19 of 30
19. Question
1 points
The process by which one person succeeds rights interest and benefits and obligations of another person is termed as :
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Question 20 of 30
20. Question
1 points
A agrees to pay Rs.10,000 to B after 2 years. During this period B dies. After 2 years, B’s son C claims the amount from A. C’s claim is ______
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Question 21 of 30
21. Question
1 points
_______ of a contract takes place when all or some of the terms of the contract are cancelled.
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Question 22 of 30
22. Question
1 points
A holds a house under a lease agreement. Subsequently he buys the house and becomes the owner of the house. The contract is discharged by :
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Question 23 of 30
23. Question
1 points
A, B and C jointly promised to pay Rs.60,000 to D. Before performance of the contract C dies. The contract :
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Question 24 of 30
24. Question
1 points
Which of the following is not applicable in relation to performance of reciprocal promises ?
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Question 25 of 30
25. Question
1 points
If no time is specified for performance of contract, it must be performed within a reasonable time. “Reasonable time” means time ____ .
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Question 26 of 30
26. Question
1 points
Ram lal and Shyam jointly promise to pay Mohan Rs.30,000. Shyam paid the whole amount to Mohan. In case Ram and Lal are solvent, Shyam can recover :
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Question 27 of 30
27. Question
1 points
Sharma promised to teach Varma for the preparation of an examination. Sharma dies. In this case ____ .
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Question 28 of 30
28. Question
1 points
Shyam and Sunil made a joint promise. The promise discharged Sunil. In this case _____ .
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Question 29 of 30
29. Question
1 points
X and Y enter into two agreements which are collateral to each other. One agreement is illegal and the other is legal but inseparable from the illegal one. In this case both the agreements are :
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Question 30 of 30
30. Question
1 points
_______ denotes that the parties to a contract are not bound under the contract.