CA Foundation Performance of Contract — practice questions
27 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Foundation Performance of Contract in the app →'Performance of a contract' under Section 37 essentially means that the parties must:Where the promisor offers to perform but the promisee refuses to accept, it is called:A offers to repay only the principal of a loan, omitting the agreed interest. This tender is invalid because iA is bound to deliver 100 bales of cotton but offers only 80 on the due date. This is:When goods are tendered, the promisee must be given:A promises to paint a picture for B. This promise must be performed by:A contracts to paint a picture for B but dies before doing so. The contract:When a legal representative performs a deceased promisor's non-personal contract, his liability is limited to:Under Section 41, when a promisee accepts performance from a third person, he:Under Section 42, two or more persons who have made a joint promise must, unless a contrary intention appears:Under Section 43, in the absence of a contrary agreement, the promisee may compel:Under Section 43, if one of several joint promisors defaults in making his contribution, the loss is:Under Section 44, the release by the promisee of one joint promisor:A key distinction between succession and assignment of a contract is that in assignment:Under Section 46, where no time is specified and no application is to be made, the promise must be performed:Under Section 51, in a contract of reciprocal promises to be performed simultaneously, a promisor need not perUnder Section 53, where one party to a contract of reciprocal promises prevents the other from performing, theUnder Section 54, in reciprocal and dependent promises, a party who fails to perform the promise he was to perUnder Section 55, where time is of the essence of the contract and a party fails to perform in time, the contrUnder Section 55, where time is NOT of the essence and performance is delayed, the promisee:An agreement to do an act impossible in itself (initial impossibility) under Section 56 is:Where a contract becomes impossible or unlawful to perform after it is made, due to an unforeseen event, it isUnder Section 56, where the promisor alone knew, or with reasonable diligence should have known, of the impossActual breach of a contract can be committed:A and B agree A will deliver goods to be paid for on delivery. A need not deliver unless B is ready and willinUnder Section 50, performance of a promise may be made in the manner or at the time which:Under Section 45, where a promise is made to two or more promisees jointly, the right to claim performance res