Chapter 5 & 6

Question 1

Contingent contract:

Ch 5

Answer 1

A “contingent contract” is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen.

Question 2

Performance of a Contract:

Answer 2

A contract is said to have been performed when the parties to a contract either perform or offer to perform their respective promises.

Question 3

Actual performance:

Answer 3

When the promisor has made the performance in accordance with the terms of the contract and is accepted by the promisee it is called an actual performance.

Question 4

Attempted performance:

Answer 4

When promisor has made an offer of performance but the offer of performance of promisor is not
accepted by the promisee. Attempted performance is also known as tender.

Question 5

Discharge of contract:

Answer 5

A contractis said to be discharged either by performance or when contractual relations between the parties to a contract are terminated or comes to an end otherwise.