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Can you explain the answer of this question below:
Ashok Kumar is a famous hockey coach. He agrees to impart training in hockey to Sachine, who is a minor at a remuneration of Rs. 10,000 per month. This is a
- A:Void Agreement
- B:Voidable Contract
- C:Quasi Contract
- D:Contingent Contract
The answer is c.
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Can you explain the answer of this question below:Ashok Kumar is a fam...
Explanation:
Quasi Contract:
A quasi-contract is a fictional contract created by courts for equitable reasons. A quasi-contract is not an actual contract, but is a legal substitute for a contract that is formed to impose equity between two parties. It is an obligation on one party to compensate another even though there is no contract between them.
In the given scenario, Ashok Kumar agreed to impart training in hockey to Sachine, who is a minor at a remuneration of Rs. 10,000 per month. However, since Sachine is a minor, he does not have the capacity to enter into a contract. Hence, there is no valid contract between them. However, Ashok Kumar has provided training to Sachine and is entitled to compensation for his services. Hence, this situation falls under the category of a quasi-contract. Ashok Kumar is entitled to receive reasonable compensation for the services he has provided to Sachine, even though there is no valid contract between them.
Therefore, the correct answer is option 'C', i.e., Quasi Contract.
Quasi Contract:
A quasi-contract is a fictional contract created by courts for equitable reasons. A quasi-contract is not an actual contract, but is a legal substitute for a contract that is formed to impose equity between two parties. It is an obligation on one party to compensate another even though there is no contract between them.
In the given scenario, Ashok Kumar agreed to impart training in hockey to Sachine, who is a minor at a remuneration of Rs. 10,000 per month. However, since Sachine is a minor, he does not have the capacity to enter into a contract. Hence, there is no valid contract between them. However, Ashok Kumar has provided training to Sachine and is entitled to compensation for his services. Hence, this situation falls under the category of a quasi-contract. Ashok Kumar is entitled to receive reasonable compensation for the services he has provided to Sachine, even though there is no valid contract between them.
Therefore, the correct answer is option 'C', i.e., Quasi Contract.
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Can you explain the answer of this question below:Ashok Kumar is a fam...
He's taking coaching from the coach which basically means he's learning something and learning doesn't only means to learn in the field of education,it can be anywhere, and learning as in education comes in necessaries so the minor has to pay for what he's learning
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Can you explain the answer of this question below:Ashok Kumar is a famous hockey coach. He agrees to impart training in hockey to Sachine, who is a minor at a remuneration of Rs. 10,000 per month. This is aA:Void AgreementB:Voidable ContractC:Quasi ContractD:Contingent ContractThe answer is c.
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Can you explain the answer of this question below:Ashok Kumar is a famous hockey coach. He agrees to impart training in hockey to Sachine, who is a minor at a remuneration of Rs. 10,000 per month. This is aA:Void AgreementB:Voidable ContractC:Quasi ContractD:Contingent ContractThe answer is c. 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 Can you explain the answer of this question below:Ashok Kumar is a famous hockey coach. He agrees to impart training in hockey to Sachine, who is a minor at a remuneration of Rs. 10,000 per month. This is aA:Void AgreementB:Voidable ContractC:Quasi ContractD:Contingent ContractThe answer is c. covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can you explain the answer of this question below:Ashok Kumar is a famous hockey coach. He agrees to impart training in hockey to Sachine, who is a minor at a remuneration of Rs. 10,000 per month. This is aA:Void AgreementB:Voidable ContractC:Quasi ContractD:Contingent ContractThe answer is c..
Can you explain the answer of this question below:Ashok Kumar is a famous hockey coach. He agrees to impart training in hockey to Sachine, who is a minor at a remuneration of Rs. 10,000 per month. This is aA:Void AgreementB:Voidable ContractC:Quasi ContractD:Contingent ContractThe answer is c. 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 Can you explain the answer of this question below:Ashok Kumar is a famous hockey coach. He agrees to impart training in hockey to Sachine, who is a minor at a remuneration of Rs. 10,000 per month. This is aA:Void AgreementB:Voidable ContractC:Quasi ContractD:Contingent ContractThe answer is c. covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can you explain the answer of this question below:Ashok Kumar is a famous hockey coach. He agrees to impart training in hockey to Sachine, who is a minor at a remuneration of Rs. 10,000 per month. This is aA:Void AgreementB:Voidable ContractC:Quasi ContractD:Contingent ContractThe answer is c..
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