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If a person whose name is A promises to the person, whose name is B, to sale his car an exchange of that be promises to a to give 5 lakh then is A promisor and promisee both in this contract? First of all answer in yes or no then explain.?
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If a person whose name is A promises to the person, whose name is B, t...
Yes

Explanation:

- Promisor and Promisee:
- In this contract, person A is the promisor as he is promising to sell his car.
- Person B is the promisee as he is promised to receive 5 lakh in exchange for the car.

- Roles in the Contract:
- A is the promisor because he is making the promise to sell the car.
- B is the promisee because he is the one to whom the promise is made.

- Legal Perspective:
- A contract requires an offer and acceptance between parties.
- In this scenario, A is making the offer to sell the car, and B is accepting the offer by promising to give 5 lakh in return.

- Enforceability:
- Both A and B are parties to the contract, with A being the promisor and B being the promisee.
- The contract is legally enforceable as long as both parties fulfill their obligations as per the terms agreed upon.

- Conclusion:
- In conclusion, both A and B play different roles in the contract as promisor and promisee respectively. Both parties are essential for the contract to be valid and enforceable.
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If a person whose name is A promises to the person, whose name is B, to sale his car an exchange of that be promises to a to give 5 lakh then is A promisor and promisee both in this contract? First of all answer in yes or no then explain.?
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If a person whose name is A promises to the person, whose name is B, to sale his car an exchange of that be promises to a to give 5 lakh then is A promisor and promisee both in this contract? First of all answer in yes or no then explain.? 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 If a person whose name is A promises to the person, whose name is B, to sale his car an exchange of that be promises to a to give 5 lakh then is A promisor and promisee both in this contract? First of all answer in yes or no then explain.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a person whose name is A promises to the person, whose name is B, to sale his car an exchange of that be promises to a to give 5 lakh then is A promisor and promisee both in this contract? First of all answer in yes or no then explain.?.
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