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Answer in mercantile law

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Explain the legal rules relating to time and place of performance of a contract.

Course: B.Com.

Time and Place are considered as an important essence of the contract in the following cases: Performance of a promise within a reasonable time: According to Section 45, where time for performance is not sp... More

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Answer in mercantile law

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Who should perform the contract? Is performance of a contract by a third party valid?

Course: B.Com.

Usually the contract is performed by the promisor, however, in certain cases, it can be performed by the following persons: Promisor Himself: If the-contract states that the intention of the parties is that... More

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Answer in mercantile law

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What is meant by Tender? What are the essentials of a Valid Tender?

Course: B.Com.

The Tender. According to Section 38, when the performance becomes due and the promisor offers to perform his obligation however, the promisee refuses to accept the performance, this is referred to as an attempted performanc... More

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Answer in mercantile law

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What does mean by Performance of a Contract and Assignment of Contracts?

Course: B.Com.

Performance of a Contract. Performance of a contract is referred to as one of the ways of discharging the contract. In other words, a contract is aid to have been performed when the parties to contract either perform or off... More

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Answer in mercantile law

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State the Doctrine of Supervening Impossibility.

Course: B.Com.

Doctrine of Supervening Impossibility. According to Para 2 of Section 56, which states that, "A contract to do an act which after the contract is made, becomes impossible, or by reasons of some event which the promisor coul... More

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Answer in mercantile law

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Who can demand performance of the contract? When is time the essence of the contract?

Course: B.Com.

The following persons may demand performance of the contract: Promisee: Only the promisee can demand 'the performance of the contract, and not a. third party. Even if the contract is for its benefit. For ex... More

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Answer in mercantile law

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Explain, how an agreement in restraint of trade is void.

Course: B.Com.

According to Section 2(g) of the Indian Contract Act, 1872, a void agreement is an agreement which is not enforceable by law. These types of agreements are void-ab-initio, that is, they are unenforceable right from the time of their inception. The fo... More

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Answer in mercantile law

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What are Contingent Contracts? State the rules regarding enforcement of such contracts.

Course: B.Com.

According to Section 31 of the Indian Contract Act, 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. For example, insurance contracts. For example: More

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Answer in mercantile law

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Discuss the law regarding wagering agreements under the Indian Contract Act.

Course: B.Com.

A wagering agreement is a promise to give money or money's worth upon the determination or ascertainment of an uncertain event. In other words, it can also be said that a wagering agreement is an agreement under which money or money's worth is payabl... More

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Answer in Indian Administration

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What are the advantages of the Amalgamation Device? Enumerate the features of the Second Model of Amalgamation Device.

Course: ba public administration.

The amalgamation device proposes to merge the office of Executive Department in the Secretariat. As opposed to traditional system of separation of work between the Secretariat and Non-secretariat organizations, this device favors to merge the office ... More

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Courses list

Explain the legal rules relating to time and place of performance of a contract.

Who should perform the contract? Is performance of a contract by a third party valid?

What is meant by Tender? What are the essentials of a Valid Tender?

What does mean by Performance of a Contract and Assignment of Contracts?

State the Doctrine of Supervening Impossibility.

Who can demand performance of the contract? When is time the essence of the contract?

Explain, how an agreement in restraint of trade is void.

What are Contingent Contracts? State the rules regarding enforcement of such contracts.

Discuss the law regarding wagering agreements under the Indian Contract Act.

What are the advantages of the Amalgamation Device? Enumerate the features of the Second Model of Amalgamation Device.

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