Tag: commerce

Questions Related to commerce

In case of death of a Joint Promisor(s), the Promisee can ________.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. enforce the contract against the survivor(s) of the said Joint Promisor(s)

  2. not enforce the contract against the survivor(s) of the said Joint Promisor(s)

  3. not enforce the contract at all

  4. both (a) & (b)

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Correct Option: A

The right of Joint Promisees to demand performance is ________.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. joint

  2. several

  3. joint or several

  4. joint and several

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Correct Option: A

Where performance involves the exercise of personal skills by the Promisor, the promise should be performed by_________.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. promisor himself

  2. representative of the Promisor competent to perform

  3. a third person

  4. any of the above

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Correct Option: A

Where performance of contract is remaining in part of both parties of contract, then such contract is known as __________.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. executed

  2. executory

  3. void

  4. voidable

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Correct Option: B

In case of death of the Promisor before performance, the Representatives of the Promisor are not bound when _________.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. it involves the personal skill of the Promisor

  2. there is no such provision in the correct

  3. either (a) or (b)

  4. neither (a) nor (b)

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Correct Option: A

A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. The contract can be enforced _________.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. when the ship sinks

  2. before the ship sinks

  3. when the ship returns

  4. only in International Court of ustice

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Correct Option: A

In case of default by Joint Promisors, the Promisee can sue any one of them for the entire promise.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. True

  2. Partly true

  3. False

  4. None of the above

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Correct Option: A

A is a dancer. She contracts with B to dance in a programme. But before due date of programme,  A dies. This contract is performed  _________.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. by A's legal heir

  2. by A's close joined

  3. by B himself

  4. none of the above

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Correct Option: D

In case of reciprocal promises, which is not applicable?

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. They can perform simultaneously

  2. They cannot perform simultaneously

  3. They can be fixed by the parties to the Contract

  4. As depending upon the nature of the Contract

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Correct Option: B

If no time is specified for performance of a Contract, it must be performed with in a reasonable time. " Reasonable time" means __________.

commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

  1. which seems reasonable to the promisor

  2. which seems reasonable to the promise

  3. which is determined as reasonable by a third party

  4. which is reasonable under the facts and circumstances of the case

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Correct Option: D