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

Related MCQs

• 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
• A contract in which, under the terms of a contract, nothing remains to be done by either party is known as
• When the parties mutually agree to change certain terms of the contract. This is called
• Where the obligation in a contract is outstanding on the part of both parties, it is called
• _________ indicates that the parties are not further bound under the contract
• Where a party to contract transfers his rights under the contract to another person, it is legally known as
• When one of the parties is under a mistake as to a matter of fact essential to the agreement, it is called
• A contract entered into between the parties by words is called-
• Where a contract has to be inferred from the conduct of parties, it is called
• X contract to deliver 1000 bags of wheat at Rs. 100 per bag on a future date. On the due date, he refuses to deliver. The market price on that day is Rs. 120 per bag. Which damages can be granted by the court