Indian Contract Act - Study Mode
[#1261] In a contract not specifying the time for performance, the promisor can perform the contract
Correct Answer
(C) Within a reasonable time
[#1262] In which of the following circumstances original contract need to be performed?
Correct Answer
(D) Stipulation
Explanation
Solution: In the context of the Indian Contract Act, the original contract needs to be performed in the circumstance of Option D: Stipulation . " Stipulation " refers to a specific condition or term that is agreed upon by both parties when forming a contract. When a contract contains stipulations, it is the responsibility of both parties to perform their respective obligations as outlined in the contract. Failure to perform the stipulated terms of the original contract can lead to a breach of contract, and the non-breaching party may seek remedies or legal action to enforce the contract. So, the correct answer is Option D: Stipulation . In cases of stipulation, the original contract must be performed according to the agreed-upon terms.
[#1263] A having contracted with B to supply B with 1000 tons of iron at 100 Rs. a ton, to be delivered at a stated time, contracts with C for the purchase of 1000 tons of iron at 80 Rs. a ton, telling C that he requires so for the purpose of performing his contract in B. C fails to perform, A will be entitled to
Correct Answer
(C) Compensation for loss of profit alongwith any damages which he might have to pay to B on account of breach
[#1264] If a minor's guardian makes a contract with an insurance company insuring minor's property against fire, in the event of fire
Correct Answer
(A) The minor is entitled to enforce his claim for compensation for loss of property against the insurance company
[#1265] A' promises 'B' a job in government service and 'B' promises to pay? 10,000 for it. The agreement is-
Correct Answer
(A) Void