Home › CA Foundation › businesslaw › Performance of Contract › Under Section 50, performance of a promise may b…
Under Section 50, performance of a promise may be made in the manner or at the time which:
AThe promisee prescribes or sanctions
BA court fixes
CThe promisor unilaterally decides
DTrade custom dictates regardless of the promisee
Answer & Solution
Correct answer: A. The promisee prescribes or sanctions
Section 50 allows performance in any manner or at any time that the promisee prescribes or sanctions.
Related questions
Under Section 45, where a promise is made to two or more promisees jointly, the right to cA 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 promiseUnder Section 55, where time is of the essence of the contract and a party fails to perfor