CA Foundation Exam > CA Foundation Questions > Can you explain the answer of this question b...
Start Learning for Free
Can you explain the answer of this question below:
Sagrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of :
- A:Void contract
- B:Illegal contract
- C:Unilateral contract
- D:Bilateral contract
The answer is d.
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
Can you explain the answer of this question below:Sagrees to sell his ...
A bilateral contract is one in which both the parties have to perform their
respective promises or obligations to do or forebear.
Hence in this case S agrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of bilateral contract where both S and R have to perform their promise.
Most Upvoted Answer
Can you explain the answer of this question below:Sagrees to sell his ...
Bilateral Contract
A bilateral contract is a type of contract where both parties make promises to each other. In this case, Sagrees promises to deliver his DVD player to R, and R promises to pay the amount one month later. Both parties are making promises, which makes this a bilateral contract.
Example:
Sagrees agrees to sell his DVD player to R and promises to deliver it on the date of payment. R promises to pay the amount one month hence. This is an example of a bilateral contract.
Conclusion:
This contract is an example of a bilateral contract, as both parties are making promises to each other. Sagrees promises to deliver the DVD player and R promises to pay the amount.
A bilateral contract is a type of contract where both parties make promises to each other. In this case, Sagrees promises to deliver his DVD player to R, and R promises to pay the amount one month later. Both parties are making promises, which makes this a bilateral contract.
Example:
Sagrees agrees to sell his DVD player to R and promises to deliver it on the date of payment. R promises to pay the amount one month hence. This is an example of a bilateral contract.
Conclusion:
This contract is an example of a bilateral contract, as both parties are making promises to each other. Sagrees promises to deliver the DVD player and R promises to pay the amount.
Free Test
FREE
| Start Free Test |
Community Answer
Can you explain the answer of this question below:Sagrees to sell his ...
A bilateral contract is a legally binding contract formed by the exchange of mutual or reciprocal promises. In such a contract performance if the contract is not completed by both the parties in the given example S
agrees to sell his DVD player to R In response to a positive promise of paying the amount on the due date so it is a bilateral contract
agrees to sell his DVD player to R In response to a positive promise of paying the amount on the due date so it is a bilateral contract
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Can you explain the answer of this question below:Sagrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of :A:Void contractB:Illegal contractC:Unilateral contractD:Bilateral contractThe answer is d.
Question Description
Can you explain the answer of this question below:Sagrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of :A:Void contractB:Illegal contractC:Unilateral contractD:Bilateral contractThe answer is d. for CA Foundation 2024 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:Sagrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of :A:Void contractB:Illegal contractC:Unilateral contractD:Bilateral contractThe answer is d. covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can you explain the answer of this question below:Sagrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of :A:Void contractB:Illegal contractC:Unilateral contractD:Bilateral contractThe answer is d..
Can you explain the answer of this question below:Sagrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of :A:Void contractB:Illegal contractC:Unilateral contractD:Bilateral contractThe answer is d. for CA Foundation 2024 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:Sagrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of :A:Void contractB:Illegal contractC:Unilateral contractD:Bilateral contractThe answer is d. covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can you explain the answer of this question below:Sagrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of :A:Void contractB:Illegal contractC:Unilateral contractD:Bilateral contractThe answer is d..
Solutions for Can you explain the answer of this question below:Sagrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of :A:Void contractB:Illegal contractC:Unilateral contractD:Bilateral contractThe answer is d. in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Can you explain the answer of this question below:Sagrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of :A:Void contractB:Illegal contractC:Unilateral contractD:Bilateral contractThe answer is d. defined & explained in the simplest way possible. Besides giving the explanation of
Can you explain the answer of this question below:Sagrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of :A:Void contractB:Illegal contractC:Unilateral contractD:Bilateral contractThe answer is d., a detailed solution for Can you explain the answer of this question below:Sagrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of :A:Void contractB:Illegal contractC:Unilateral contractD:Bilateral contractThe answer is d. has been provided alongside types of Can you explain the answer of this question below:Sagrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of :A:Void contractB:Illegal contractC:Unilateral contractD:Bilateral contractThe answer is d. theory, EduRev gives you an
ample number of questions to practice Can you explain the answer of this question below:Sagrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of :A:Void contractB:Illegal contractC:Unilateral contractD:Bilateral contractThe answer is d. tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup