NOTES


CA-Foundation > Business Laws > The Indian Contract Act, 1872 - Performance of Contract (Old >

The Indian Contract Act, 1872 - Performance of Contract (Old Notes

Q1. State, in brief, the grounds on the basis of which a contract is discharged under the provisions of the Indian Contract Act, 1872 /
When a contract may be discharged under the provisions of Indian Contract Act, 1872 . Explain in detail.

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Q2. State the essentials of a valid tender.

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Q3. “The basic rule is that the promisor must perform exactly what he has promised to perform.” Explain stating the obligation of parties to the contract.

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Q4. From whom can the performance be claimed? Explain.

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Q5. Ganesh, Suresh and Mahesh are partners of software business jointly promise to pay ₹ 30,000 to Rupesh. Over a period of time Suresh became insolvent, but his assets are sufficient to pay one-forth of his debts. Mahesh is compelled to pay the whole. Decide whether Mahesh is required to pay whole amount himself to Rupesh in discharging joint promise?

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