Home › CA Foundation › businesslaw › Performance of Contract › A and B agree A will deliver goods to be paid fo…
A and B agree A will deliver goods to be paid for on delivery. A need not deliver unless B is ready and willing to pay. This illustrates:
AAssignment of contract
BAnticipatory breach
CSimultaneous performance of reciprocal promises (Section 51)
DQuantum meruit
Answer & Solution
Correct answer: C. Simultaneous performance of reciprocal promises (Section 51)
This is the rule of simultaneous reciprocal performance under Section 51: neither party need perform unless the other is ready and willing.
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:Actual 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 promiseUnder Section 55, where time is of the essence of the contract and a party fails to perfor