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Ramesh promises Ram to sale his car for 10 lakh rupees and in exchange of that Ram promises Ramesh to give his car. In this contract is Ramesh both promiser or promisee? First of all answer in yes or no than explain.?
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Ramesh promises Ram to sale his car for 10 lakh rupees and in exchange...
Yes
Ramesh is both a promiser and a promisee in this contract.
Explanation:
Ramesh as a Promiser:
- Ramesh promises to sell his car to Ram for 10 lakh rupees.
- As a promiser, Ramesh is making a commitment to transfer ownership of his car to Ram in exchange for the specified amount.
Ramesh as a Promisee:
- In return, Ram promises to give his car to Ramesh.
- As a promisee, Ramesh will receive Ram's car in exchange for selling his own car.
Overall:
- In this contract, Ramesh takes on the role of both promiser and promisee.
- This means he is obligated to fulfill his promise to sell his car to Ram while also being entitled to receive Ram's car in return.
- The mutual promises exchanged between Ramesh and Ram create a binding agreement that both parties are expected to uphold.
Ramesh is both a promiser and a promisee in this contract.
Explanation:
Ramesh as a Promiser:
- Ramesh promises to sell his car to Ram for 10 lakh rupees.
- As a promiser, Ramesh is making a commitment to transfer ownership of his car to Ram in exchange for the specified amount.
Ramesh as a Promisee:
- In return, Ram promises to give his car to Ramesh.
- As a promisee, Ramesh will receive Ram's car in exchange for selling his own car.
Overall:
- In this contract, Ramesh takes on the role of both promiser and promisee.
- This means he is obligated to fulfill his promise to sell his car to Ram while also being entitled to receive Ram's car in return.
- The mutual promises exchanged between Ramesh and Ram create a binding agreement that both parties are expected to uphold.
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Ramesh promises Ram to sale his car for 10 lakh rupees and in exchange of that Ram promises Ramesh to give his car. In this contract is Ramesh both promiser or promisee? First of all answer in yes or no than explain.?
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Ramesh promises Ram to sale his car for 10 lakh rupees and in exchange of that Ram promises Ramesh to give his car. In this contract is Ramesh both promiser or promisee? First of all answer in yes or no than 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 Ramesh promises Ram to sale his car for 10 lakh rupees and in exchange of that Ram promises Ramesh to give his car. In this contract is Ramesh both promiser or promisee? First of all answer in yes or no than explain.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ramesh promises Ram to sale his car for 10 lakh rupees and in exchange of that Ram promises Ramesh to give his car. In this contract is Ramesh both promiser or promisee? First of all answer in yes or no than explain.?.
Ramesh promises Ram to sale his car for 10 lakh rupees and in exchange of that Ram promises Ramesh to give his car. In this contract is Ramesh both promiser or promisee? First of all answer in yes or no than 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 Ramesh promises Ram to sale his car for 10 lakh rupees and in exchange of that Ram promises Ramesh to give his car. In this contract is Ramesh both promiser or promisee? First of all answer in yes or no than explain.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ramesh promises Ram to sale his car for 10 lakh rupees and in exchange of that Ram promises Ramesh to give his car. In this contract is Ramesh both promiser or promisee? First of all answer in yes or no than explain.?.
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