Tag: business law and contract act

Which of the following relationships do not raise a presumption of dominance of will?

Erroneous opinion as to value of subject matter is not a Mistake of Fact.

Mistake as to Foreign Law is treated in the same manner as _____.

Peter buys a mosquito killer machine assuming that it is worth Rupees 50000. But actually costs Rupees 5000. The remedy available to Perer ______

G paid Rs. 1,00,000 to H to influence the head of the Government Organisation in order to provide him some employment. On his failure to provide the job, G sued H for recovery of the amount. Which of the following is correct?

When the performance of a contract becomes impossible, the purpose which the parties had in mind is frustrated. If the purpose becomes impossible because of supervening event, the Promisor is excused from the performance of the contract. This is known as ________.

A and B contract that B shall build a house for A for Rs. 9 Lakhs. B is ready and willing to construct the house, but A prevents him from doing so. In this case _________.

If the time is the essence of Contract and it is not performed with in specified time, then __________.

If any one of the joint promisors makes a default in making contribution. How will it be settle down by other promisors?

X, Y and Z are partners of software business jointly promise to pay Rs. 30,000 to A. Over a period of time Y became insolvent, but his assets are sufficient to pay 1/4th of his debts. Z is compelled to pay the whole.