Test: Performance Of Contract- 3 - CA Foundation MCQ
15 Questions MCQ Test Business Laws for CA Foundation - Test: Performance Of Contract- 3
A promises to paint a picture for B by a certain date for a certain amount. A dies before painting the picture. Which one of the following is correct in such a situation?
Impossibility existing subsequent to the formation of contract is called_____________.
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Commercial Impossibility does not make the contract _________.
_________ of a contract takes place when all or some of the terms of the contract are cancelled.
Incase of death of a joint promisor (s), the promisee can :
In a contract where personal consideration is not the foundation of the contract, the contract may be performed by:
X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:
(i) As to Rs. 2,000 that it was time barred, and
(ii) As to Rs. 2,500 a part payment of Rs. 1,000
W, a singer enters into a contract with M, the manager of a theatre, to sing at his threatre for two nights in every week during the next two months and M engages to pay her Rs. 5 Lacs for each night’s performance. On the 7th night, W willfully absents herself from the theatre :
The original contract need not be performed if there is:
R contracts to sell his car to S for Rs. 7 Lacs and S agrees to pay on delivery. Once the car is delivered to S and S pays Rs. 7 Lacs, Contract comes to an end. This is called:
A contract of personal volition is not performed by:
Discharge by mutual agreement may involve ___________:
Which of the following is not applicable in relation to performance of reciprocal promises?
A lets out a theatre to B for a series of drama for certain days. The theatre was completely destroyed by fire before the scheduled dates. In the case :
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