Online Exam 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 3
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Subject : Mercantile Laws Questions : 30
Chapter :Performance of contract-Test 3
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Nirmal a professional singer enters into a contract with new Mumbai Opera House for a sum of Rs.20,000 for one hour. This sum was paid to Nirmal in advance. On the day of programme Nirmal meets an accident and is unable to sing. Decide whether :
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Question 2 of 30
2. Question
1 points
X enters into a contract with Y for giving a dance performance at a function. Before the function starts, X dies. The contract can be performed by
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Question 3 of 30
3. Question
1 points
A promises to pay Rs.1,000 to B, if B write 1,000 pages in one minute. This is known as :
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Question 4 of 30
4. Question
1 points
X owes Rs.15,000 to Y, he pays Rs.12,000 in full and final settlement of the outstanding due. This is a case of _____ .
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Question 5 of 30
5. Question
1 points
A, B and C jointly promise to pay Rs.75,000 to D. A was compelled to pay the entire sum of Rs.75,000. Here :
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Question 6 of 30
6. Question
1 points
A buyer will acquire good title for the goods sold by seller who has obtained possession under ______ .
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Question 7 of 30
7. Question
1 points
A contract may be discharged by :
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Question 8 of 30
8. Question
1 points
When the parties agree to cancel the contract it is called _______ .
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Question 9 of 30
9. Question
1 points
Ashok owes Rs.25,000 to Laxmi. Laxmi promises to accept Rs.15,000 in full settlement of the original debt. Such an agreement is :
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Question 10 of 30
10. Question
1 points
The term Novation means :
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Question 11 of 30
11. Question
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______ of contract can take place without consideration.
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Question 12 of 30
12. Question
1 points
The promise under a contract may be performed by :
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Question 13 of 30
13. Question
1 points
A subsequent change in law will make the contract void because of ______ .
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Question 14 of 30
14. Question
1 points
When persons reciprocally promise, first to do certain things which are legal and secondly, under specified circumstances, to do certain other things which are illegal, the first set of promise is a ____ contract, but the second is a _____ agreement .
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Question 15 of 30
15. Question
1 points
Tender means :
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Question 16 of 30
16. Question
1 points
In which case time is considered to be essence of contract :
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Question 17 of 30
17. Question
1 points
When the promisee refuses to accept performance from the promisor who offer to perform, it is
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Question 18 of 30
18. Question
1 points
Which tender does not discharge the promisor from his liability :
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Question 19 of 30
19. Question
1 points
Which is a valid tender :
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Question 20 of 30
20. Question
1 points
In case all joint promisors are alive, the performance of the contract may be demanded from :
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Question 21 of 30
21. Question
1 points
When after the formation of a valid contract, an event happens which makes the performance of contract impossible, then the contract becomes :
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Question 22 of 30
22. Question
1 points
When a contract contains reciprocal promises and one party to the contract prevents the other from performing his promise, the contract becomes :
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Question 23 of 30
23. Question
1 points
Where time is the essence of the contract and the promisor fails to perform his promise in time, the contract becomes :
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Question 24 of 30
24. Question
1 points
Suppose the time fixed for performance of the contract has expired but the time is not essential. What is the remedy of the promisee in the circumstances ?
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Question 25 of 30
25. Question
1 points
Each part is a promisor and a promisee in case of :
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Question 26 of 30
26. Question
1 points
Where 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 of
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Question 27 of 30
27. Question
1 points
When two or more persons have made a joint promise, then unless a contrary intention appears from the contract, all such persons must fulfill promise :
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Question 28 of 30
28. Question
1 points
Which is a valid tender
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Question 29 of 30
29. Question
1 points
In which commercial contract, time is not considered to be the essence of a contract :