Home › CA Foundation › businesslaw › Performance of Contract › Under Section 51, in a contract of reciprocal pr…
Under Section 51, in a contract of reciprocal promises to be performed simultaneously, a promisor need not perform unless:
AThe market price is favourable
BThe contract is registered
CThe promisee is ready and willing to perform his reciprocal promise
DA court orders performance
Answer & Solution
Correct answer: C. The promisee is ready and willing to perform his reciprocal promise
Section 51 makes simultaneous reciprocal performance conditional on the other party being ready and willing to perform his promise.
Related questions
Under Section 45, where a promise is made to two or more promisees jointly, the right to cUnder Section 50, performance of a promise may be made in the manner or at the time which:A and B agree A will deliver goods to be paid for on delivery. A need not deliver unless BActual breach of a contract can be committed:Under Section 56, where the promisor alone knew, or with reasonable diligence should have Where a contract becomes impossible or unlawful to perform after it is made, due to an unfAn agreement to do an act impossible in itself (initial impossibility) under Section 56 isUnder Section 55, where time is NOT of the essence and performance is delayed, the promise