CAF-4 | Chapter-6 | PERFORMANCE OF CONTRACTS-I

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CAF-4 Chapter-6 Performance of contracts-I

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Business Law Quiz offered for the ICAP CA students.

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  1. Question 1 of 16
    1. Question
    1 points
    Category: CAF4

    Contract is said to be performed when

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  2. Question 2 of 16
    2. Question
    1 points
    Category: CAF4

    Valid tender requires

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  3. Question 3 of 16
    3. Question
    1 points
    Category: CAF4

    Mr. A agrees to supply 100 bags of tea to Mr. B @ Rs.1000/- per Bag on a particular date. Mr. B was to pay subsequently after the supply of tea. On due date Mr. A supplies tea and Mr. B makes payment. But, if on the due date, Mr. A takes the contracted quantity of tea to Mr. B’s warehouse and Mr. B refuses to accept the delivery. State the legal position.

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  4. Question 4 of 16
    4. Question
    1 points
    Category: CAF4

    Payment received by the creditor must be appropriated for discharging debt

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  5. Question 5 of 16
    5. Question
    1 points
    Category: CAF4

    Mr. X promises to sell standing timber to Mr. Y. As per the terms of a contract Mr. X will cut and cord the timber, whereupon Mr. Y will take it away and pay for it. Mr. X cords only a part of the timber and neglects to cord the rest. Mr. Y wants to initiate legal proceedings. Suggest him the legal action.

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  6. Question 6 of 16
    6. Question
    1 points
    Category: CAF4

    Mr. Karam owes several debts to Mr. Karim, which are of the distinct amounts and payable on different dates. One of the debts has become time-barred which Mr. Karim cannot legally recover from Mr. Karam. On a particular date, Mr. Karam makes a payment but does not give any instruction. State the legal position with regard to the appropriation of payment.

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  7. Question 7 of 16
    7. Question
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    Category: CAF4

    Contract is said to be discharged (not needed to be performed) by mutual agreement when:

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  8. Question 8 of 16
    8. Question
    1 points
    Category: CAF4

    Mr. A agreed to supply 100 tonnes of iron-ore to Mr. B on 1st January. On the due date of supply, he took the stipulated quantity of iron-ore to Mr. B’s Residence at 12:00 am. This is the case of attempted performance. This offer of performance or attempted performance is

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  9. Question 9 of 16
    9. Question
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    Category: CAF4

    Acceptance of lesser performance by promisee is

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  10. Question 10 of 16
    10. Question
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    Category: CAF4

    Remission means

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  11. Question 11 of 16
    11. Question
    1 points
    Category: CAF4

    Mr. A entered to an agreement with Mr. B for selling 100 tonnes of wheat at a specified price to him on 15th March. But, before the due date of delivery the President of Pakistan has passed an Ordinance, debarring the individuals from supplying more than 5 tonnes of wheat. State the legal position of the contract between Mr. A and Mr. B.

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  12. Question 12 of 16
    12. Question
    1 points
    Category: CAF4

    The contract will not be discharged on account of supervening impossibility in case of:

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  13. Question 13 of 16
    13. Question
    1 points
    Category: CAF4

    Supervening impossibility means

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  14. Question 14 of 16
    14. Question
    1 points
    Category: CAF4

    Which of the following statement is true

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  15. Question 15 of 16
    15. Question
    1 points
    Category: CAF4

    Mr. H hired a room in some hotel of Lahore to witness PSL Final Match on 22nd March but due to the emergency declared by government in the wake of Pandemic Coronavirus, the match was cancelled. Examine the legality of this contract

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  16. Question 16 of 16
    16. Question
    1 points
    Category: CAF4

    The contract is a mutual exchange of promises between two parties when both the promisor do what they have promised to do, the contract is set to be performed and the contract comes to an end. Performance of contract may be of two types

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