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Preparation for CA - CPT - Mercantile Laws

(48 Posts)

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This thread is dedicated to preparation for CA - CPT. You may share questions related to topics like The Indian Contract Act, The Sale of Goods Act, The India Partnership Act etc.

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R I S H I

Shared from Indian Contract Act on Oct 30, 2021 8:52 AM

A's car was completely destroyed in an accident. The fact was known to him. Still, he made an agreement with B to sell him the car in good condition and received advance money from him. In this case

the contract is void

B has no legal remedy

B can sue A for the loss caused to him

B should request A to give back the advance money only

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R I S H I

FROM THE VIEW OF BUYERS BEWARE ........... THE BUYER HAS TO BE AWARE OF THE FACT THAT HE SHOULD CHECK THE CONDITIONS OF THE CAR BEFORE GIVING ANY ADVANCE RIGHT?

FROM THE VIEW OF BUYERS BEWARE ........... THE BUYER HAS TO BE AWARE OF THE FACT THAT HE SHOULD CHECK THE CONDITIONS OF THE CAR BEFORE GIVING ANY ADVANCE RIGHT? Please type your answer before submitting.

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Roopkaur

Posted on Oct 30, 2021 5:31 PM

I think TCY has rectified it.

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Praveen Upadhayay

Posted on Nov 24, 2016 4:07 PM

Quasi contractual obligation arise by principal of

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Praveen Upadhayay

A equity justice and good conscience B Restitution C rescission d none of above

A equity justice and good conscience B Restitution C rescission d none of above Please type your answer before submitting.

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Naman Agrawal

Posted on Jun 02, 2017 5:39 PM

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Atharva Sirdeshmukh

Posted on Jun 11, 2016 12:46 PM

In case of illegal agreements, the collateral agreements are

valid

Illegal

voidable

void

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Neeraj Ojha

A Please type your answer before submitting.

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Sampath

Shared from Mercantile Laws Test - 15 on Jun 06, 2016 6:49 PM

Which of the following statements is true?

A contract with a minor is voidable at the option of the minor.

An agreement with a minor can be ratified after he attains majority.

A person of unsound mind cannot enter into a contract even when he is of sound mind.

A person of sound mind cannot enter into a contract when he is of unsound mind.

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Sai Ganesh

Contract with a minor is not voidable bcoz it is void AB initio so opt 4 is correct

Contract with a minor is not voidable bcoz it is void AB initio so opt 4 is correct Please type your answer before submitting.

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Anil

Posted on Feb 02, 2016 10:34 PM

As per Section 11 of The Indian Contract Act, 1872, every person is competent to contract provided he

is of the majority age according to the law to which he is subject

is of sound mind

is not disqualified from contracting by any law to which he is subject

All of the above

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Sai Ganesh

Opt 4 is crt

Opt 4 is crt Please type your answer before submitting.

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Preparation for CA - CPT - Mercantile Laws

(48 Posts)

This thread is dedicated to preparation for CA - CPT. You may share questions related to topics like The Indian Contract Act, The Sale of Goods Act, The India Partnership Act etc.