CONTRACT LAW MCQS SET 62

CONTRACT LAW MCQS SET 62

Performance of contract

1. In a contract where time is specified for performance, the Promisor shall perform the contract
a. Within specified time
b. within the shortest time
c. within a reasonable time
d. within the latest time

2. If time is the essence of the contract and the Promisor fails to perform the contract within the specified time, the contract
a. becomes void
b. is valid
c. becomes voidable at the instance of the Promisee
d. voidable at the instance of the promisor

3. If time is not the essence of the contract, and there is a failure to perform the contract by the specified time, then, the contract
a. becomes void
b. becomes voidable at the instance of the Promisee
c. becomes invalid and can’t claim loss suffered by the Promisee
d. remains valid but the Promisee can recover damage

4. If the promise is to be performed on a specified day, the Promisor may perform the promise
a. at any time on that specified day
b. at any time during the usual hours of business on the specified day
c. at any time on any day
d. after the usual hours of business on the specified day

5. Where place of performance is not specified, the Promisor shall
a. ask Promisee as to where performance of promise made
b. perform the promise at any place
c. not perform the promise
d. either (a) or (b)

6. Whether time is the essence of the contract depends on
a. the intention of the parties
b. the facts and circumstances of each case
c. the provisions of law
d. all of the above

7. Where time is the essence of the contract and the Promisor fails to perform within specified time, the contract is
a. voidable at the option of the Promisee
b. voidable at the option of the promisor
c. not voidable
d. valid

8. Where time of performance is specified in the contract and the Promisee has accepted performance at any time other than the agreed time, the Promisee
a. cannot claim compensation
b. can claim compensation for loss
c. cannot claim performance of the promise
d. is entitled to rescind thee contract

9. Where time fixed for performance of promise was extended by the Promisee and the object of the contract is not a commercial one
a. Time is not the essence of the contract
b. Time is the essence of the contract
c. No presumption can be made
d. None of the above

10. In a contract for sale and purchase of goods, the prices of which fluctuate in the market, time is
a. not presumed to be the essence of the contract
b. presumed to be the essence of the contract
c. no presumption as to time can be made
d. All of the above
ANSWER:
1. a
2. c
3. d
4. b
5. a
6. d
7. a
8. a
9. a
10. b