11th Commerce - Book Back Answers - Chapter 30 - English Medium Gudies

 

 

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Tamil Nadu Board 11th Standard Commerce - Chapter 30: Book Back Answers and Solutions

    This post covers the book back answers and solutions for Chapter 30 – Commerce from the Tamil Nadu State Board 11th Standard Commerce textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.

    We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.

    By going through this material, you’ll gain a strong understanding of Commerce  Chapter 30 along with the corresponding book back questions and answers (PDF format).

Question Types Covered:

• 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following 
• 2 Mark Questions: Answer briefly 
• 3, 4, and 5 Mark Questions: Answer in detail

All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.

All the best, Class 11 students! Prepare well and aim for top scores. Thank you!

Chapter 30: PERFORMANCE OF CONTRACT

I. Choose the correct answer

1. On the valid performance of the contractual obligations by the parties, the contract
a. Is discharged
b. Become enforceable
c. Becomes void
d. Becomes legal
Answer Key:
a. Is discharged

2. Which of the following persons can perform the contract?
a. Promisor alone
b. Legal representatives of promisor
c. Agent of the promisor
d. All the above
Answer Key:
d. All the above

3. A, B, C jointly promised to pay ₹ 50,000 to D. Before performnce of the contract, C dies. Here,  the contract
a. Becomes void on C’s death
b. Should be performed by A and B along with C’s legal representatives.
c. Should be performed by A and B alone
d. Should be renewed between A, B and D
Answer Key:
b. Should be performed by A and B along with C’s legal representatives.

4. Which of these parties cannot demand performance of promise?
a. Promisee
b. Any of the Joint Promisees
c. On the death of a Promisee, his Legal Representative
d. Stranger to the Contract
Answer Key:
d. Stranger to the Contract

5. A person is said to be a third person if he is not a
a. promisor
b. promise
c. agent
d. Legal Representative
Answer Key:
c. agent

 

II. Very Short answer questions

1. State the ways of Performing a Contract.

• Actual Performance        
• Attempted Performance

2. Who is a Legal Representative?

• Legal representative can demand Exception performance.
• Contrary intention appears from the contract. Contract is of a personal nature.

3. Who is an Agent?

• According to Para 2 of Section 40, the promisor may employ a competent person such as agent to perform the promise, if the contract is not formed on personal condition.

4. What is meant by Reciprocal Promise?

• Promises which form consideration or part of consideration for each other are called‘reciprocal promise’.

 

III. Short answer questions

1. Who can demand performance?
Promisee:

• Only a promisee can demand performance and not a stranger demand performance of the contract.

Legal Representative:

• Legal representative can demand Exception performance.

Third party:

• Exception to “stranger to a contract”

2. Who will perform the contract?

• Promisor himself         
• Agent           
• Third Person   
• Joint Promisors    

3. What are the kinds of Reciprocal Promise?
Mutual and Independent:

• Where each party must perform his promise independently without the performance of the  other, the promise are mutual and independent,

Mutual and Dependent:

• Where the performance of the promise by one party depends upon prior performance of  promise by the other party, the promises are conditional and dependent.

Mutual and Concurrent:

• Where the two promises are said to be performed simultaneously, they are said to be mutual and concurrent.

IV. Long answer questions

1. Explain the essentials of a valid tender of performance. (any 5)

• It must be unconditional
• It must be at the proper time and place.
• It must be in proper form.
• It must be made to a proper person i.e. to the promise or his authorized agent.
• It may be made to one of the several joint promises.

2. How do you think appropriation of payments takes place?

• Under Section 46, performance within a reasonable time
• Under Section 47, specified time and place for performance
• Under Section 48, performance on a certain day
• Under Section 49, performance of promise when no place is fixed and without application
• Under Section 50, performance is prescribed by the promise