Chapter 30: Performance of Contract — Online MCQ Test
COMMERCE · CLASS 11th · Tamil Nadu State Board
Practice Chapter 30: Performance of Contract with a free chapter-wise online MCQ test.
This chapter covers: This chapter details contractual performance rules parties obligated to perform and reciprocal promises. Students study tender of performance assignability and joint liability exec....
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Chapter 30: Performance of Contract — Important Questions & Answers
What is the primary meaning of 'Performance of a Contract'?
- A. Fulfilling the legal obligations by the parties involved
- B. Drafting the initial agreement
- C. Registering the contract with a notary
- D. Termination of the contract due to breach
Answer: A. Fulfilling the legal obligations by the parties involved
Performance of a contract means that both parties have fulfilled their respective legal obligations created by the contract.
Performance of a contract means that both parties have fulfilled their respective legal obligations created by the contract.
A valid tender of performance is also known as:
- A. Breach of contract
- B. Attempted performance
- C. Rescission
- D. Novation
Answer: B. Attempted performance
When a promisor offers to perform their obligation but the promisee refuses to accept it, it is called a tender of performance or attempted performance.
When a promisor offers to perform their obligation but the promisee refuses to accept it, it is called a tender of performance or attempted performance.
Which of the following is an essential requirement for a valid tender of performance?
- A. It must be conditional
- B. It must be made at the proper time and place
- C. It can be made to a stranger
- D. It must be made by a third party only
Answer: B. It must be made at the proper time and place
A valid tender must be unconditional, made at a proper time and place, and provide a reasonable opportunity to verify the performance.
A valid tender must be unconditional, made at a proper time and place, and provide a reasonable opportunity to verify the performance.
A, B, and C jointly promise to pay D Rs. 3,000. D sues A for the full amount. Can A be forced to pay the whole sum?
- A. No, A is only liable for Rs. 1,000
- B. Yes, A can be compelled to pay the entire amount
- C. Only if B and C are insolvent
- D. Only if the court decides
Answer: B. Yes, A can be compelled to pay the entire amount
In joint liability, the promisee can compel any one or more of the joint promisors to fulfill the whole obligation.
In joint liability, the promisee can compel any one or more of the joint promisors to fulfill the whole obligation.
X promises to deliver a specific painting to Y for Rs. 50,000. X dies before delivery. Can Y compel X's legal heir to paint/deliver?
- A. Yes, the heir must perform
- B. No, because the contract was based on personal skill
- C. Yes, but only if paid double
- D. The court will force the heir to learn painting
Answer: B. No, because the contract was based on personal skill
Contracts involving personal skill like painting are terminated upon the death of the promisor.
Contracts involving personal skill like painting are terminated upon the death of the promisor.