Business Law MCQ on Performance of a Contract: Check the below Business Law MCQ on Performance of a Contract with Answers Pdf free download. Business Law MCQ on Performance of a Contract Questions for Business Law with Answers were prepared based on the latest exam pattern. We have provided Business Law MCQ on Performance of a Contract with Answers to help students understand the concept very well.

Business Law MCQ on Performance of a Contract

1. Agreement by way of wager are ________.
(a) Valid and enforceable by law
(b) Void
(c) Voidable at the option of party
(d) Illegal

2. A doctor teaching in a medical college pre-vented from doing private practice, such a restriction is :
(a) Valid
(b) Partial lawful
(c) Unlawful
(d) Partial Unlawful

3. If neither the debtor nor the creditor appropriates the payment, the payment will be appropriated:
(a) As per the desire of the promisor
(b) As per the desire of the promisee
(c) In order of time
(d) None of the above

4. If the performance of contract becomes impossible because the subject matter of contract has ceased to exist then :
(a) Both the parties are liable
(b) Neither party is liable
(c) Only offerer is liable
(d) Only acceptor is liable

5. Liability of the joint promisor is :
(a) Joint
(b) Several
(c) Joint and several
(d) None of the above

6. A and B contract to marry each other before the time fixed for the marriage. A goes mad. The contract becomes:
(a) Void
(b) Voidable
(c) Unenforceable
(d) None of these

7. A contract of personal nature can be performed by:
(a) The promisor
(b) The agent
(c) The legal representative
(d) None of the above

8. A contracts to sing for B for a consideration of ₹ 5,000 which amount is paid in advance. A becomes unwell and is not able to perform. B suffers a loss of ₹ 10,000. A is liable to pay B ________.
(a) ₹ 15,000
(b) ₹ 10,000
(c) ₹ 5,000
(d) Nothing

9. Where a party to a contract fails to perform at or before a specified time and it was the intention of the parties that time should be of the essence,
(a) The contract becomes voidable
(b) The contract does not become voidable but the aggrieved party is entitled to compensation
(c) The contract becomes void
(d) None of these

10. A promises to deliver goods at B’s warehouse on the 1st January. On that day, A brings the goods to B’s warehouse but after the usual hour for closing it and they are not received. Which one of the following is correct?
(a) A has not kept his promise
(b) A kept his promise as time was not specified
(c) A performs his duty as the time is not the essence of the contract
(d) All of these

11. A, a singer enters into a contract with B, the manager of a theatre to sing at his theatre two nights in every week during the next two months and B engages to pay her ₹ 100 for each night’s performance. On the sixth night, A wilfully absents herself from the theatre.
(a) B is at liberty to put an end to the contract
(b) B cannot put an end to the contract
(c) The contract is left at the liberty of A
(d) None of these

12. A owes B ₹ 1,000 but the debt is barred by the Limitation Act. A signs a written promise to B for ₹ 500 on account of the debt. This is a :
(a) Valid contract
(b) Voidable contract
(c) Void contract
(d) Unenforceable agreement

13. If a contract is based on personal skill or confidence of parties, the death of a party in such a case:
(a) Puts an end to the contract
(b) Does not put an end to the contract
(c) The representatives of the deceased can be made liable to perform such a contract
(d) None of these

14. A contracts with B to construct a building for a fixed price, B supplying the necessary timber. This reciprocal promise is :
(a) Mutual and Independent
(b) Mutual and Dependent
(c) Mutual and Concurrent
(d) None of the above

15. A modification or revocation of the contract requires a ________ of each contracting party.
(a) Denial
(b) Consensus
(c) Modification
(d) Revocation

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By Team Learning Mantras