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Which of the following persons can perform the contract?
- a)Promisor alone.
- b)Legal representatives of promisor.
- c)Agent of the promisor.
- 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.
A contract can be performed by various parties involved in the agreement. These parties include:
Promisor alone:
- The promisor is the person who makes the promise in a contract.
- They are responsible for fulfilling the obligations stated in the contract.
- In many cases, the promisor alone can perform the contract as they are the primary party involved in the agreement.
Legal representatives of the promisor:
- In some cases, the promisor may not be able to perform the contract due to reasons such as death, incapacitation, or bankruptcy.
- In such situations, the legal representatives of the promisor can perform the contract on their behalf.
- Legal representatives include executors, administrators, or any other person authorized to act on the promisor's behalf.
Agent of the promisor:
- An agent is a person who is authorized to act on behalf of another person, known as the principal (in this case, the promisor).
- The agent can perform the contract if they have been granted the authority to do so by the promisor.
- This authorization can be given explicitly through a written agreement or implicitly through the conduct of the parties.
In conclusion, a contract can be performed by the promisor alone, the legal representatives of the promisor, or an agent of the promisor, making "All of these" the correct answer.
A contract can be performed by various parties involved in the agreement. These parties include:
Promisor alone:
- The promisor is the person who makes the promise in a contract.
- They are responsible for fulfilling the obligations stated in the contract.
- In many cases, the promisor alone can perform the contract as they are the primary party involved in the agreement.
Legal representatives of the promisor:
- In some cases, the promisor may not be able to perform the contract due to reasons such as death, incapacitation, or bankruptcy.
- In such situations, the legal representatives of the promisor can perform the contract on their behalf.
- Legal representatives include executors, administrators, or any other person authorized to act on the promisor's behalf.
Agent of the promisor:
- An agent is a person who is authorized to act on behalf of another person, known as the principal (in this case, the promisor).
- The agent can perform the contract if they have been granted the authority to do so by the promisor.
- This authorization can be given explicitly through a written agreement or implicitly through the conduct of the parties.
In conclusion, a contract can be performed by the promisor alone, the legal representatives of the promisor, or an agent of the promisor, making "All of these" the correct answer.
Most Upvoted Answer
Which of the following persons can perform the contract?a)Promisor alo...
The correct answer is (d) All of these.
A contract can be performed by various parties involved in the agreement. These parties include:
Promisor alone:
- The promisor is the person who makes the promise in a contract.
- They are responsible for fulfilling the obligations stated in the contract.
- In many cases, the promisor alone can perform the contract as they are the primary party involved in the agreement.
Legal representatives of the promisor:
- In some cases, the promisor may not be able to perform the contract due to reasons such as death, incapacitation, or bankruptcy.
- In such situations, the legal representatives of the promisor can perform the contract on their behalf.
- Legal representatives include executors, administrators, or any other person authorized to act on the promisor's behalf.
Agent of the promisor:
- An agent is a person who is authorized to act on behalf of another person, known as the principal (in this case, the promisor).
- The agent can perform the contract if they have been granted the authority to do so by the promisor.
- This authorization can be given explicitly through a written agreement or implicitly through the conduct of the parties.
In conclusion, a contract can be performed by the promisor alone, the legal representatives of the promisor, or an agent of the promisor, making "All of these" the correct answer.
A contract can be performed by various parties involved in the agreement. These parties include:
Promisor alone:
- The promisor is the person who makes the promise in a contract.
- They are responsible for fulfilling the obligations stated in the contract.
- In many cases, the promisor alone can perform the contract as they are the primary party involved in the agreement.
Legal representatives of the promisor:
- In some cases, the promisor may not be able to perform the contract due to reasons such as death, incapacitation, or bankruptcy.
- In such situations, the legal representatives of the promisor can perform the contract on their behalf.
- Legal representatives include executors, administrators, or any other person authorized to act on the promisor's behalf.
Agent of the promisor:
- An agent is a person who is authorized to act on behalf of another person, known as the principal (in this case, the promisor).
- The agent can perform the contract if they have been granted the authority to do so by the promisor.
- This authorization can be given explicitly through a written agreement or implicitly through the conduct of the parties.
In conclusion, a contract can be performed by the promisor alone, the legal representatives of the promisor, or an agent of the promisor, making "All of these" the correct answer.
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Which of the following persons can perform the contract?a)Promisor alo...
Understanding Who Can Perform a Contract
In contract law, the ability to perform a contract can extend beyond just the original promisor. Here’s a breakdown of each party’s role:
1. Promisor Alone
- The promisor is the individual who makes a promise to perform a contractual obligation.
- They can fulfill the contract themselves if they choose to do so.
2. Legal Representatives of Promisor
- Legal representatives, such as executors or administrators, can step in when the original promisor is unable to perform due to death or incapacity.
- They have the authority to fulfill the obligations of the promisor.
3. Agent of the Promisor
- An agent is someone authorized to act on behalf of the promisor.
- They can perform the contract as long as they have the proper authority to do so.
4. All of These
- Since all three parties listed above have the capacity to perform the contract, the correct answer is indeed “D. All of these.”
- This indicates that the obligation can be fulfilled by the original promisor, their legal representatives, or an appointed agent.
Conclusion
- In contract law, performance can be delegated or assumed by various parties under different circumstances.
- This flexibility ensures that contractual obligations can still be met even if the original promisor cannot fulfill them personally.
Understanding this concept is crucial for anyone studying contract law, especially for CA Foundation students who need to grasp the nuances of contractual obligations and performance.
In contract law, the ability to perform a contract can extend beyond just the original promisor. Here’s a breakdown of each party’s role:
1. Promisor Alone
- The promisor is the individual who makes a promise to perform a contractual obligation.
- They can fulfill the contract themselves if they choose to do so.
2. Legal Representatives of Promisor
- Legal representatives, such as executors or administrators, can step in when the original promisor is unable to perform due to death or incapacity.
- They have the authority to fulfill the obligations of the promisor.
3. Agent of the Promisor
- An agent is someone authorized to act on behalf of the promisor.
- They can perform the contract as long as they have the proper authority to do so.
4. All of These
- Since all three parties listed above have the capacity to perform the contract, the correct answer is indeed “D. All of these.”
- This indicates that the obligation can be fulfilled by the original promisor, their legal representatives, or an appointed agent.
Conclusion
- In contract law, performance can be delegated or assumed by various parties under different circumstances.
- This flexibility ensures that contractual obligations can still be met even if the original promisor cannot fulfill them personally.
Understanding this concept is crucial for anyone studying contract law, especially for CA Foundation students who need to grasp the nuances of contractual obligations and performance.
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Which of the following persons can perform the contract?a)Promisor alone.b)Legal representatives of promisor.c)Agent of the promisor.d)All of these.Correct answer is option 'D'. Can you explain this answer?
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Which of the following persons can perform the contract?a)Promisor alone.b)Legal representatives of promisor.c)Agent of the promisor.d)All of these.Correct 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 alone.b)Legal representatives of promisor.c)Agent of the promisor.d)All of these.Correct 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 alone.b)Legal representatives of promisor.c)Agent of the promisor.d)All of these.Correct answer is option 'D'. Can you explain this answer?.
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