CA Foundation Exam > CA Foundation Questions > Which of the following persons can perform th...
Start Learning for Free
Which of the following persons can perform the contract?
- a)Promisor alone
- b)Legal representatives of promisor
- c)Agent of the promis or
- d)All of these
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which of the following persons can perform the contract?a)Promisor alo...
The correct answer is d: All of these. Each of these persons can perform the contract in different situations.
Promisor alone:
- In most cases, the person who originally made the promise (the promisor) is responsible for performing the contract.
- The promisor is the one who has agreed to fulfill the terms of the contract, and thus, is generally the one to perform the obligations.
Legal representatives of promisor:
- In some situations, the legal representative of the promisor may be responsible for performing the contract.
- This typically occurs when the promisor becomes incapacitated, passes away, or is otherwise unable to perform the contract.
- In such cases, the legal representative (such as an executor of an estate, or a guardian) steps in to fulfill the obligations of the contract on behalf of the promisor.
Agent of the promisor:
- An agent of the promisor is someone who has been authorized by the promisor to act on their behalf in performing the contract.
- This can occur in various situations, such as when the promisor hires an employee or contractor to complete a specific task related to the contract.
- The agent, acting with the authority of the promisor, can perform the contract and bind the promisor to the results of their actions.
In conclusion, all of these persons (promisor alone, legal representatives of promisor, and agent of the promisor) can perform the contract depending on the specific circumstances and the nature of the contractual obligations. It is essential to understand the context and the terms of the contract to determine who is responsible for its performance.
Promisor alone:
- In most cases, the person who originally made the promise (the promisor) is responsible for performing the contract.
- The promisor is the one who has agreed to fulfill the terms of the contract, and thus, is generally the one to perform the obligations.
Legal representatives of promisor:
- In some situations, the legal representative of the promisor may be responsible for performing the contract.
- This typically occurs when the promisor becomes incapacitated, passes away, or is otherwise unable to perform the contract.
- In such cases, the legal representative (such as an executor of an estate, or a guardian) steps in to fulfill the obligations of the contract on behalf of the promisor.
Agent of the promisor:
- An agent of the promisor is someone who has been authorized by the promisor to act on their behalf in performing the contract.
- This can occur in various situations, such as when the promisor hires an employee or contractor to complete a specific task related to the contract.
- The agent, acting with the authority of the promisor, can perform the contract and bind the promisor to the results of their actions.
In conclusion, all of these persons (promisor alone, legal representatives of promisor, and agent of the promisor) can perform the contract depending on the specific circumstances and the nature of the contractual obligations. It is essential to understand the context and the terms of the contract to determine who is responsible for its performance.
Most Upvoted Answer
Which of the following persons can perform the contract?a)Promisor alo...
Performing a Contract
A contract is an agreement between two or more parties that creates legally binding obligations. In order for a contract to be valid, certain requirements must be met. One of these requirements is that the parties to the contract must be capable of performing their obligations.
Who Can Perform a Contract?
There are several types of persons who can perform a contract:
1. Promisor Alone: The promisor, or the person who makes a promise in the contract, can perform the contract alone. For example, if you promise to pay someone $100 for mowing your lawn, you can perform the contract by paying the person $100.
2. Legal Representatives of Promisor: If the promisor is a company or organization, the contract can be performed by its legal representatives, such as its officers or directors. For example, if a company promises to deliver a product to a customer, the company's CEO or other authorized representative can perform the contract by delivering the product.
3. Agent of the Promisor: The promisor can also appoint an agent to perform the contract on its behalf. An agent is a person who acts on behalf of another person or entity. For example, if a company hires a shipping company to deliver a product to a customer, the shipping company is acting as an agent of the company and can perform the contract on its behalf.
4. All of These: In some cases, all of these types of persons may be able to perform the contract. For example, if a company hires an employee to perform a service for a customer, the employee is acting as an agent of the company and can perform the contract on its behalf. However, if the employee is unable to perform the service, the company's legal representatives may be able to perform the contract in their place.
Conclusion
In summary, a contract can be performed by the promisor alone, the legal representatives of the promisor, or an agent appointed by the promisor. In some cases, all of these types of persons may be able to perform the contract. It is important to ensure that the parties to a contract are capable of performing their obligations in order for the contract to be valid.
A contract is an agreement between two or more parties that creates legally binding obligations. In order for a contract to be valid, certain requirements must be met. One of these requirements is that the parties to the contract must be capable of performing their obligations.
Who Can Perform a Contract?
There are several types of persons who can perform a contract:
1. Promisor Alone: The promisor, or the person who makes a promise in the contract, can perform the contract alone. For example, if you promise to pay someone $100 for mowing your lawn, you can perform the contract by paying the person $100.
2. Legal Representatives of Promisor: If the promisor is a company or organization, the contract can be performed by its legal representatives, such as its officers or directors. For example, if a company promises to deliver a product to a customer, the company's CEO or other authorized representative can perform the contract by delivering the product.
3. Agent of the Promisor: The promisor can also appoint an agent to perform the contract on its behalf. An agent is a person who acts on behalf of another person or entity. For example, if a company hires a shipping company to deliver a product to a customer, the shipping company is acting as an agent of the company and can perform the contract on its behalf.
4. All of These: In some cases, all of these types of persons may be able to perform the contract. For example, if a company hires an employee to perform a service for a customer, the employee is acting as an agent of the company and can perform the contract on its behalf. However, if the employee is unable to perform the service, the company's legal representatives may be able to perform the contract in their place.
Conclusion
In summary, a contract can be performed by the promisor alone, the legal representatives of the promisor, or an agent appointed by the promisor. In some cases, all of these types of persons may be able to perform the contract. It is important to ensure that the parties to a contract are capable of performing their obligations in order for the contract to be valid.
Free Test
FREE
| Start Free Test |
Community Answer
Which of the following persons can perform the contract?a)Promisor alo...
Yes, all of these are perform the contract because according to indian contract, 1872 only promisor perform of contract, and any legal representative perform the contract . for example A make contact to
B for selling Apple after 2day but unfortunately A is die
on behalf of A any one who next owner of shop perform the contract. and last agent also perform
on behalf of the owner for example owner say her employee for delivery Apple to B house.
B for selling Apple after 2day but unfortunately A is die
on behalf of A any one who next owner of shop perform the contract. and last agent also perform
on behalf of the owner for example owner say her employee for delivery Apple to B house.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Which of the following persons can perform the contract?a)Promisor aloneb)Legal representatives of promisorc)Agent of the promis ord)All of theseCorrect answer is option 'D'. Can you explain this answer?
Question Description
Which of the following persons can perform the contract?a)Promisor aloneb)Legal representatives of promisorc)Agent of the promis ord)All of theseCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following persons can perform the contract?a)Promisor aloneb)Legal representatives of promisorc)Agent of the promis ord)All of theseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following persons can perform the contract?a)Promisor aloneb)Legal representatives of promisorc)Agent of the promis ord)All of theseCorrect answer is option 'D'. Can you explain this answer?.
Which of the following persons can perform the contract?a)Promisor aloneb)Legal representatives of promisorc)Agent of the promis ord)All of theseCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following persons can perform the contract?a)Promisor aloneb)Legal representatives of promisorc)Agent of the promis ord)All of theseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following persons can perform the contract?a)Promisor aloneb)Legal representatives of promisorc)Agent of the promis ord)All of theseCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Which of the following persons can perform the contract?a)Promisor aloneb)Legal representatives of promisorc)Agent of the promis ord)All of theseCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Which of the following persons can perform the contract?a)Promisor aloneb)Legal representatives of promisorc)Agent of the promis ord)All of theseCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Which of the following persons can perform the contract?a)Promisor aloneb)Legal representatives of promisorc)Agent of the promis ord)All of theseCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Which of the following persons can perform the contract?a)Promisor aloneb)Legal representatives of promisorc)Agent of the promis ord)All of theseCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Which of the following persons can perform the contract?a)Promisor aloneb)Legal representatives of promisorc)Agent of the promis ord)All of theseCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Which of the following persons can perform the contract?a)Promisor aloneb)Legal representatives of promisorc)Agent of the promis ord)All of theseCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup