CPT Chapter Performance of Contract

CA CPT Exam  

With Bharat Gelani.Duration:4hrs 00min

Performance of Contract Duration (min:sec)
Promise-Performance  of Contract  
{modal https://www.youtube.com/embed/9D6Yvhj-pNo?autoplay=1;rel=0|width=780|height=439|title=Introduction}Introduction{/modal} 03:15
{modal https://www.youtube.com/embed/34zjKqN3DWk?autoplay=1;rel=0|width=780|height=439|title=Promisor vs. Promisee}Promisor vs. Promisee{/modal} 04:16
{modal https://www.youtube.com/embed/MY-H1QFLIQM?autoplay=1;rel=0|width=780|height=439|title=What is Reciprocal Promise}What is Reciprocal Promise{/modal} 06:06
{modal https://www.youtube.com/embed/pQoR9yCV1cY?autoplay=1;rel=0|width=780|height=439|title=Types of Promise}Types of Promise{/modal} 09:05
{modal https://www.youtube.com/embed/i2eOv1pIKoU?autoplay=1;rel=0|width=780|height=439|title=Alternate Promise - Legal & Illegal Promise}Alternate Promise - Legal & Illegal Promise{/modal} 04:25
Who can Perform  
{modal https://www.youtube.com/embed/MD-qlQyMyW8?autoplay=1;rel=0|width=780|height=439|title=Performance of Contract Overview}Performance of Contract Overview{/modal} 01:59
{modal https://www.youtube.com/embed/ZCYhKIMUNLU?autoplay=1;rel=0|width=780|height=439|title=Who can Perform}Who can Perform{/modal} 13:17
{modal https://www.youtube.com/embed/_bFX2-f6zW0?autoplay=1;rel=0|width=780|height=439|title=Assignment vs. Succession}Assignment vs. Succession{/modal} 10:33
{modal https://www.youtube.com/embed/tjtDrQLIvLE?autoplay=1;rel=0|width=780|height=439|title=Liability of Joint Promisor}Liability of Joint Promisor{/modal} 10:13
{modal https://www.youtube.com/embed/sGv3E0UycvY?autoplay=1;rel=0|width=780|height=439|title=Rights of JP}Rights of JP{/modal} 05:45
{modal https://www.youtube.com/embed/mjj6GgkhZyI?autoplay=1;rel=0|width=780|height=439|title=Summary - Who can Perform}Summary - Who can Perform{/modal} 00:47
How to Perform  
{modal https://www.youtube.com/embed/7yqBy-Xnl6A?autoplay=1;rel=0|width=780|height=439|title=How to Perform Contract -Overview}How to Perform Contract -Overview{/modal} 04:49
{modal https://www.youtube.com/embed/hEMlViWkBwc?autoplay=1;rel=0|width=780|height=439|title=Actual & Attempted Performance}Actual & Attempted Performance{/modal} 07:09
{modal https://www.youtube.com/embed/vs7VJYpPj8c?autoplay=1;rel=0|width=780|height=439|title=Conditions of Attempted Performance}Conditions of Attempted Performance{/modal} 08:28
{modal https://www.youtube.com/embed/xKs7bZ6InyQ?autoplay=1;rel=0|width=780|height=439|title=Refusal to Perform}Refusal to Perform{/modal} 07:11
{modal https://www.youtube.com/embed/rqmOhqFITNk?autoplay=1;rel=0|width=780|height=439|title=Discharge of Contract}Discharge of Contract{/modal} 10:37
{modal https://www.youtube.com/embed/9ssFeXxNMNY?autoplay=1;rel=0|width=780|height=439|title=Mutual Agreement}Mutual Agreement{/modal} 28:20
{modal https://www.youtube.com/embed/WuQn3JPpRWI?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} 06:42
{modal https://www.youtube.com/embed/eAQilfsrLuE?autoplay=1;rel=0|width=780|height=439|title=Impossibility of Performance}Impossibility of Performance{/modal} 18:19
{modal https://www.youtube.com/embed/-WMRyrpOG44?autoplay=1;rel=0|width=780|height=439|title=Time of Performance}Time of Performance{/modal} 06:52
{modal https://www.youtube.com/embed/GjnDywevsHk?autoplay=1;rel=0|width=780|height=439|title=Time Essence of Contract}Time Essence of Contract{/modal} 15:51
{modal https://www.youtube.com/embed/EQ9nvt7mts4?autoplay=1;rel=0|width=780|height=439|title=Summary Time Essence}Summary Time Essence{/modal} 02:26
{modal https://www.youtube.com/embed/BnAYFZhw9UU?autoplay=1;rel=0|width=780|height=439|title=Place of Performance}Place of Performance{/modal} 03:11
{modal https://www.youtube.com/embed/gOmcoqPjI7M?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} 02:40
{modal https://www.youtube.com/embed/yqtduPnOupU?autoplay=1;rel=0|width=780|height=439|title=Summary on How to Perform Contract}Summary on How to Perform Contract{/modal} 03:17
Incidental Topics  
{modal https://www.youtube.com/embed/r0Eg8AJP-hk?autoplay=1;rel=0|width=780|height=439|title=Appropriation of Payment}Appropriation of Payment{/modal} 16:55
{modal https://www.youtube.com/embed/vAsQOmnXqOY?autoplay=1;rel=0|width=780|height=439|title=Restoration of Benefit}Restoration of Benefit{/modal} 05:01
{modal https://www.youtube.com/embed/Klw6hLl-oOI?autoplay=1;rel=0|width=780|height=439|title=Responsibility of Person Void Agreement}Responsibility of Person Void Agreement{/modal} 07:04
{modal https://www.youtube.com/embed/qzUSyXZWUTA?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} 11:34
{modal https://www.youtube.com/embed/t7TiRolKLPw?autoplay=1;rel=0|width=780|height=439|title=Conclusion}Conclusion{/modal} 04:25
Total 04:00:32

Notes

Reciprocal Promise

Act vs promise
Types of Promises:-
Mutual and Independent (Bike)
Conditional and dependent (Car - Booking)
Mutual and Concurrent (Cash Sales)
Alternate Promises : Legal & Illegal things

Liablity of Joint Promisors

(i) Compel any one
(ii) If releases one
(iii)If one pays -Contribution
(iv)Loss among joint Promisors
(v) In case of Death of Joint Promisors

Rights of Joint Promisees

Claim rest with all
On death his representative
Death of all their representative

Essential of Attempted Performance

Not responsible for not performance
Conditions
(i) Unconditional
(ii) Proper time & place
(iii) Whole Obligation
(iv) Opportunity to inspect

Performance of contract

Discharge by
Performance
Mutual Agreement
Impossibility of performance
Lapse of time
Operation of Law
Breach of contract
Accord & Satisfaction
Promisee’s Neglect

Time of Performance
Time mentioned - as per time
No time mentioned - reasonable time.
Hour not mentioned - Business hours eg. 10am to 5pm
What is reasonable time – depends on the fact of the case

Impossibility of Performance

Frustration/Impossible to perform - Void
Impossibility Existing at the time of contract
1. Known to both parties - Void
2. Unknown to both the parties - Void
3. Only Promisor - Void and Damages
Supervening Impossibility
unexpected event after the contract - Void

Time is Essence of Contract

Not performed on time - Voidable at the option of Promisee
If new time is agreed - Waive his right to cancel the contract
Time is not essence of contract
Not performed on time - Valid, claim compensation
Not performed even after reasonable time - Voidable at the option of Promisee
Time is essence or not - terms of contract & fact
ex- Mortgage monthly payment


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