A who was badly in need of money offered to sell his piano worth Rs. 8,500 to B for Rs. 5,000. B refused to buy. A gradually lowered his price until Rs. 2500 was reached, which B accepted. Before the piano was delivered A received an offer of a larger sum from X and he refused to carry out the contract with B claiming that the consideration was inadequate. Is a liable to pay damages to B for failure to carry out his part of contract?
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Contract created to restrict the rights related to legal proceedings is
The inadequacy of consideration will be taken into account by a court of law:
An agreement without consideration is case of natural love and affection is:
A is indebted to B. He sells a trolley to C. C promises to pay all debts of A to B. if C fails to pay, B has no right to sue C because :
Which of the following is not an exception to the rule, No consideration, No contract:
Which of the following is not the essentials of a valid consideration?
Promise to pay a time barred debt given in writing is______
In a contract, consideration must be _________ and of some value.
Contracts of love and affection are valid under which head.
Consideration is defined in the Indian Contract Act, 1872 in:
Rohan promises to make a gift of Rs. 10,000 towards the repairs of a temple. The trustees of the temple on the faith of his promise incurs liabilities. Rohan does not pay. Can the trustees recover the promised amount from Rohan ?
Which of the following is not an exception to the rule “No Consideration, No Contract”?
51 videos|110 docs|57 tests
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51 videos|110 docs|57 tests
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