CMA Foundation MCQ – Performance of ContractOctober 28, 2025 Maven Leave a Comment Welcome to your CMA Foundation MCQ - Performance of Contract Name Email 1. Obligation of parties to contract is dealt with under: Section 38 Section 37 Section 40 Section 41 None 2. Offer of performance must be: Conditional and delayed Unconditional and timely Optional and partial Verbal only None 3. If the promisee accepts performance from a third person, he: Can still sue the promisor Cannot sue the promisor Can claim double payment Becomes promisor None 4. Reciprocal promises are those which: Are to be performed independently Depend on the performance of each other Are illegal in nature Are only one-sided None 5. If no time is specified for performance, it must be done within: A reasonable time 30 days One year Time fixed by the court None 6. When neither party indicates how a payment should be applied, it is applied: To the oldest debt To the smallest debt Equally among all debts As decided by the debtor later None 7. When two or more persons make a joint promise, they are: Severally liable Conditionally liable Alternately liable Jointly liable None 8. If a promisor dies before performance, his representatives are: Not bound at all Bound only if the contract is personal Bound unless the contract is personal in nature Automatically discharged None 9. Time is said to be of the essence when: Performance can be done at any time Delay has no consequence Both parties agree to ignore time Failure to perform on time makes contract voidable None 10. Under Section 39, if a party refuses to perform his promise, the other party may: Sue for tort Put an end to the contract Transfer the obligation None of these None 11. When performance depends on personal skill, it must be done by: Agent Legal representative Any employee Promisor himself None 12. When both parties to a contract fulfil their promises, the contract is said to be: Void Voidable Executory Discharged by performance None Time's upRelated Posts:CMA Foundation MCQ - Elements of a ContractCMA Foundation MCQ - Capacity to contractCMA Foundation MCQ – Primary and Subordinate LegislationCMA Foundation MCQ – Void and Voidable Agreements
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