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Two identical offers made by two parties to each other, without knowing the other party`s offer, are called ________ offers.
A minor is liable to make payment for the ______ availed by him.
Which of the following is/are also called executed consideration(s)?
If the goods of contract under sale are destroyed immediately after the agreement, the loss is to be borne by
Which of the following contracts is based upon the mode of formation?
The ownership of property in goods immediately passes to buyer from seller in the contract of
In a contract containing reciprocal promises, where one party prevents the other from performing its promise, the contract becomes
The Partnership Act of India applies to
Correct Answer :- B
Explanation : The Indian Partnership Act 1932 defines a partnership as a relation between two or more persons who agree to share the profits of a business run by them all or by one or more persons acting for them all.
I.e. applicable only to the partnership firms.
The consideration must move at the desire of _______ only.
________ is the most common law for all commercial transactions.
There was a contract of sale of goods but the seller did not have the possession of goods. Subsequently, the buyer became insolvent without making the payment. Who will get the control of goods?
A contract which is not made in written or in words is called
Who among the following is not disqualified from contracting?
Which of the following can be the members of partnership business?
A contract where all the parties have fulfilled their obligations is called _______ contract.
Which of the following contracts attract punishment under the law?
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