CAF-4 | Ch-7 | PERFORMANCE OF CONTRACTS-II

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CAF-4 Chapter-7 Performance of contracts-II

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Business Law Quiz for the ICAP CA students.

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

    Which one of the following is not a joint promise:

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  2. Question 2 of 15
    2. Question
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    Category: CAF4

    Mr. X borrowed a sum of Rs. 100,000/- from Mr. Y for two years. After one year Mr. X dies and Mr. Z, who is a legal representative inherits the property of Rs. 60,000/- from him. On the due date of repayment, Mr. Y will call upon Mr. Z to repay. But the capacity of Mr. Z is limited up to the value of Rs. 60,000/-. State the legal position.

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  3. Question 3 of 15
    3. Question
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    Category: CAF4

    For the performance of the joint promise

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  4. Question 4 of 15
    4. Question
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    Category: CAF4

    Contract should be performed

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  5. Question 5 of 15
    5. Question
    1 points
    Category: CAF4

    Mr. A and Mr. B have borrowed a sum of Rs.10,000/- from Mr. C. On due date both parties i.e. Mr. A and Mr. B are jointly liable to pay. If before the payment Mr. A dies, who will be liable to pay Rs.10,000/-?

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  6. Question 6 of 15
    6. Question
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    Category: CAF4

    Contractual obligation involving personal skill of the promisor

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  7. Question 7 of 15
    7. Question
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    Category: CAF4

    When the time is an essence of a contract, promisor fails to perform his promise on time,

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  8. Question 8 of 15
    8. Question
    1 points
    Category: CAF4

    Where two or more persons have made a joint promise, a release of one of such joint promisors by the promisee:

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  9. Question 9 of 15
    9. Question
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    Category: CAF4

    Where a contract consists of reciprocal promises and such reciprocal promises are to be simultaneously performed:

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  10. Question 10 of 15
    10. Question
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    Category: CAF4

    Which one of the following statements is incorrect regarding the time of performance?

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  11. Question 11 of 15
    11. Question
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    Category: CAF4

    When two or more persons have made a joint promise, then, unless a contrary intention appears from the contract, the promise shall be performed, during their joint lives by:

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  12. Question 12 of 15
    12. Question
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    Category: CAF4

    Where time for performance is specified in a contract:

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  13. Question 13 of 15
    13. Question
    1 points
    Category: CAF4

    In a contract where time is not specified for performance, the promisor can perform the contract:

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  14. Question 14 of 15
    14. Question
    1 points
    Category: CAF4

    Amjad, Babar and Chand jointly promise to pay Dawood the sum of Rs. 6,000. Chand is compelled to pay the whole. Amjad is insolvent, but his assets are sufficient to pay one-half of his debts. Which of the following is correct?

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

    Anwar promises Bunty to sell him 100 bales of cotton, to be delivered the next day and Bunty promises Anwar to pay for them within a month. Anwar does not deliver according to promise. Which of the following is correct?

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