CA Foundation Exam > CA Foundation Questions > A, B and C jointly promised to pay Rs. 60,000...
Start Learning for Free
A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract C dies. The contract
- a)Becomes void on C’s death
- b)Should be performed by A and B along with C’s legal representatives.
- c)Should be performed by A and B alone
- d)Should be renewed between A, B and D
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
A, B and C jointly promised to pay Rs. 60,000 to D. Before performance...
Explanation:
The contract between A, B, and C was a joint promise to pay Rs. 60,000 to D. However, before the performance of the contract, C dies. In this scenario, the contract should be performed by A and B along with C's legal representatives. Here's why:
1. Joint Promise: A, B, and C made a joint promise to pay Rs. 60,000 to D. This means that all three parties are equally responsible for fulfilling the contract.
2. Death of C: If one of the parties to a joint promise dies, the contract does not become void. Instead, the legal representatives of the deceased party step in to fulfill their obligations.
3. Performance of the Contract: In this case, since C has passed away, A and B are still obligated to fulfill their promise. However, they are now required to do so along with C's legal representatives.
4. Legal Representatives: C's legal representatives, such as their executor or administrator, will assume the responsibility of fulfilling C's part of the contract. They will step into C's shoes and contribute their share of the promised amount.
5. A and B's Obligations: A and B must continue with the performance of the contract and pay their share of the promised amount. They cannot avoid their responsibility just because C has died.
Thus, the correct answer is Should be performed by A and B along with C's legal representatives.
View all questions of this test
The contract between A, B, and C was a joint promise to pay Rs. 60,000 to D. However, before the performance of the contract, C dies. In this scenario, the contract should be performed by A and B along with C's legal representatives. Here's why:
1. Joint Promise: A, B, and C made a joint promise to pay Rs. 60,000 to D. This means that all three parties are equally responsible for fulfilling the contract.
2. Death of C: If one of the parties to a joint promise dies, the contract does not become void. Instead, the legal representatives of the deceased party step in to fulfill their obligations.
3. Performance of the Contract: In this case, since C has passed away, A and B are still obligated to fulfill their promise. However, they are now required to do so along with C's legal representatives.
4. Legal Representatives: C's legal representatives, such as their executor or administrator, will assume the responsibility of fulfilling C's part of the contract. They will step into C's shoes and contribute their share of the promised amount.
5. A and B's Obligations: A and B must continue with the performance of the contract and pay their share of the promised amount. They cannot avoid their responsibility just because C has died.
Thus, the correct answer is Should be performed by A and B along with C's legal representatives.
Most Upvoted Answer
A, B and C jointly promised to pay Rs. 60,000 to D. Before performance...
The contract should be performed by the legal representative of C because here the contract does not requires the personal skills of C
Free Test
FREE
| Start Free Test |
Community Answer
A, B and C jointly promised to pay Rs. 60,000 to D. Before performance...
Explanation of the Contractual Obligation
When A, B, and C jointly promised to pay Rs. 60,000 to D, they entered into a contract that binds all parties involved. However, the death of one party (C) raises questions about the contract's execution.
Legal Implications of C's Death
- The death of C does not render the contract void.
- Contracts that involve multiple parties can often be performed by the surviving members along with the deceased’s legal representatives.
Performance by A and B
- A and B are still obligated to fulfill the contract.
- C's legal representative can step in to ensure that the promise is honored, which means that A and B, along with C’s legal representatives, must perform the contract.
Joint Liability in Contracts
- In joint contracts, the liability is shared among the parties.
- The performance of the contract can continue with the remaining parties and the legal representatives of the deceased.
Conclusion
Thus, the correct answer is option 'B': the contract should be performed by A and B along with C’s legal representatives. This ensures that D receives the promised amount while respecting the legal position of C's estate.
When A, B, and C jointly promised to pay Rs. 60,000 to D, they entered into a contract that binds all parties involved. However, the death of one party (C) raises questions about the contract's execution.
Legal Implications of C's Death
- The death of C does not render the contract void.
- Contracts that involve multiple parties can often be performed by the surviving members along with the deceased’s legal representatives.
Performance by A and B
- A and B are still obligated to fulfill the contract.
- C's legal representative can step in to ensure that the promise is honored, which means that A and B, along with C’s legal representatives, must perform the contract.
Joint Liability in Contracts
- In joint contracts, the liability is shared among the parties.
- The performance of the contract can continue with the remaining parties and the legal representatives of the deceased.
Conclusion
Thus, the correct answer is option 'B': the contract should be performed by A and B along with C’s legal representatives. This ensures that D receives the promised amount while respecting the legal position of C's estate.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract C dies. The contracta)Becomes void on C’s deathb)Should be performed by A and B along with C’s legal representatives.c)Should be performed by A and B aloned)Should be renewed between A, B and DCorrect answer is option 'B'. Can you explain this answer?
Question Description
A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract C dies. The contracta)Becomes void on C’s deathb)Should be performed by A and B along with C’s legal representatives.c)Should be performed by A and B aloned)Should be renewed between A, B and DCorrect answer is option 'B'. 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 A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract C dies. The contracta)Becomes void on C’s deathb)Should be performed by A and B along with C’s legal representatives.c)Should be performed by A and B aloned)Should be renewed between A, B and DCorrect answer is option 'B'. 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 A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract C dies. The contracta)Becomes void on C’s deathb)Should be performed by A and B along with C’s legal representatives.c)Should be performed by A and B aloned)Should be renewed between A, B and DCorrect answer is option 'B'. Can you explain this answer?.
A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract C dies. The contracta)Becomes void on C’s deathb)Should be performed by A and B along with C’s legal representatives.c)Should be performed by A and B aloned)Should be renewed between A, B and DCorrect answer is option 'B'. 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 A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract C dies. The contracta)Becomes void on C’s deathb)Should be performed by A and B along with C’s legal representatives.c)Should be performed by A and B aloned)Should be renewed between A, B and DCorrect answer is option 'B'. 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 A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract C dies. The contracta)Becomes void on C’s deathb)Should be performed by A and B along with C’s legal representatives.c)Should be performed by A and B aloned)Should be renewed between A, B and DCorrect answer is option 'B'. Can you explain this answer?.
Solutions for A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract C dies. The contracta)Becomes void on C’s deathb)Should be performed by A and B along with C’s legal representatives.c)Should be performed by A and B aloned)Should be renewed between A, B and DCorrect answer is option 'B'. 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 A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract C dies. The contracta)Becomes void on C’s deathb)Should be performed by A and B along with C’s legal representatives.c)Should be performed by A and B aloned)Should be renewed between A, B and DCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract C dies. The contracta)Becomes void on C’s deathb)Should be performed by A and B along with C’s legal representatives.c)Should be performed by A and B aloned)Should be renewed between A, B and DCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract C dies. The contracta)Becomes void on C’s deathb)Should be performed by A and B along with C’s legal representatives.c)Should be performed by A and B aloned)Should be renewed between A, B and DCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract C dies. The contracta)Becomes void on C’s deathb)Should be performed by A and B along with C’s legal representatives.c)Should be performed by A and B aloned)Should be renewed between A, B and DCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract C dies. The contracta)Becomes void on C’s deathb)Should be performed by A and B along with C’s legal representatives.c)Should be performed by A and B aloned)Should be renewed between A, B and DCorrect answer is option 'B'. 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