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Topics of Law T...

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  • Question 1
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    If no time is specified for performance, the promise must be performed within ______.

  • Question 2
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    When a contract consists of reciprocal promises to be simultaneously performed, such reciprocal promises fall under the category of _______.

  • Question 3
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    A, B & C jointly promised to pay Rs. 60,000 to D. Before performance of the contract, C dies. Here, the contract ______.

  • Question 4
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    If two or more persons have made a joint promise, they are known as _____.

  • Question 5
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    A, B & C jointly promise to pay D Rs. 6,000. Which of the following is correct?

  • Question 6
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    Ram and Rahim are joint promisors. Promise is discharged by one of the joint promisors. Then ______.

  • Question 7
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    Directions For Questions

    A void contract does not provide any legal remedy for the parties to the contract. They even cannot get if performed when they so desire. The aggrieved party in a voidable contract gets a right to rescind the contract. When such party rescinds it, the contract becomes void. In case aggrieved party does not rescind the contract within a reasonable time, the contract remains valid.

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    In case aggrieved party does not rescind the voidable contract within a reasonable time, the contract remains ____________.

  • Question 8
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    Agreement-the meaning of which is uncertain is _________________.

  • Question 9
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    In commercial transactions, time is considered to be of the essence of the contract, and if the party fails to perform the contract within specified time, the contract becomes _____.

  • Question 10
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    In case of reciprocal promises, which is not applicable?

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