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A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:
- a)B can enforce the contract when the ship sinks
- b)B can claim damages
- c)B can not enforce the contract when the ship sinks
- d)None
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
A agrees to pay B a sum of money if a certain ship does not return. Th...
B) B can enforce the contract when the ship sinks.
Explanation:
When analyzing this scenario, we need to consider the elements of a valid contract. A valid contract requires an offer, acceptance, consideration, intention to create legal relations, and certainty of terms. In this case, A agrees to pay B a sum of money if a certain ship does not return.
The ship has sunk, which means that the condition specified in the contract has occurred. Therefore, the contract has been triggered and B can enforce it. Let's explore this further:
1. Offer and acceptance:
A has made an offer to pay B a sum of money if the ship does not return. B has accepted this offer by agreeing to the terms.
2. Consideration:
Consideration refers to the exchange of something of value between the parties. In this case, A's promise to pay B is the consideration for B's promise to perform or forgo the performance of an act (in this case, the ship not returning). Both parties have provided consideration.
3. Intention to create legal relations:
In a valid contract, there must be an intention to create a legally binding agreement. In this case, both parties have entered into a contract, indicating their intention to be legally bound.
4. Certainty of terms:
For a contract to be enforceable, its terms must be clear and certain. In this case, the terms of the contract are clear - A agrees to pay B a sum of money if the ship does not return.
Since all the elements of a valid contract are present, B can enforce the contract when the ship sinks. A's refusal to pay would be a breach of contract, and B would be entitled to seek legal remedies to enforce the agreement and recover the agreed-upon sum of money.
Explanation:
When analyzing this scenario, we need to consider the elements of a valid contract. A valid contract requires an offer, acceptance, consideration, intention to create legal relations, and certainty of terms. In this case, A agrees to pay B a sum of money if a certain ship does not return.
The ship has sunk, which means that the condition specified in the contract has occurred. Therefore, the contract has been triggered and B can enforce it. Let's explore this further:
1. Offer and acceptance:
A has made an offer to pay B a sum of money if the ship does not return. B has accepted this offer by agreeing to the terms.
2. Consideration:
Consideration refers to the exchange of something of value between the parties. In this case, A's promise to pay B is the consideration for B's promise to perform or forgo the performance of an act (in this case, the ship not returning). Both parties have provided consideration.
3. Intention to create legal relations:
In a valid contract, there must be an intention to create a legally binding agreement. In this case, both parties have entered into a contract, indicating their intention to be legally bound.
4. Certainty of terms:
For a contract to be enforceable, its terms must be clear and certain. In this case, the terms of the contract are clear - A agrees to pay B a sum of money if the ship does not return.
Since all the elements of a valid contract are present, B can enforce the contract when the ship sinks. A's refusal to pay would be a breach of contract, and B would be entitled to seek legal remedies to enforce the agreement and recover the agreed-upon sum of money.
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Community Answer
A agrees to pay B a sum of money if a certain ship does not return. Th...
Option A is correct
bcoz the question is A agrees to pay B if a certain ship does not return and that happened ,that ship sunk and now A have to pay a certain amount to B but A refuses to pay now B can enforce the contract when the ship sinks.
i hope u get it
Thankyou
bcoz the question is A agrees to pay B if a certain ship does not return and that happened ,that ship sunk and now A have to pay a certain amount to B but A refuses to pay now B can enforce the contract when the ship sinks.
i hope u get it
Thankyou
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A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer?
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A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer?.
A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer?.
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