X contracts to sell his scooter to Y for Rs. 50,000 and Y agrees to pay on delivery. Both the parties perform their promises. This is called

Related MCQs

• A contract in which, under the terms of a contract, one or both the parties have still to perform their obligations in future is known as
• In case the buyer rejects the whole quantity of goods due to short delivery or excess delivery, the contract is treated as
• The promises forming consideration for each other are called
• Where the obligation in a contract is outstanding on the part of both parties, it is called
• A contract in which one person promises to compensate the other for the loss suffered by him, due to the conduct of the promisor or of any other person, is known as
• A contract in which a person promises to discharge the liability of another person, in case of default by such person, is known as a
• In a contract of guarantee, a person who promises to discharge another’s liability is known as
• A offers to sell his car on internet, it is
• Where a person agrees to maintain a suit, in which he has no interest, the proceeding is known as
• Where the agent contracts for a principal, who is not competent to contract, in such a case the agent is