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If entire specified goods is perished before entering into contract of sale, the contract is
- a)Valid
- b)Void
- c)Voidable
- d)Cancelled
Correct answer is 'B'. Can you explain this answer?
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Verified Answer
If entire specified goods is perished before entering into contract of...
The contract is Void
- If the entire specified goods perish before the contract of sale is entered into, the contract is considered void.
- This means that the contract is not legally enforceable and has no legal effect.
- The reason for this is that the subject matter of the contract, which is the specified goods, no longer exists.
- When the goods perish, there is nothing to sell or transfer ownership of.
- The parties to the contract cannot perform their obligations because the goods no longer exist.
- As a result, the contract is considered void from the beginning.
- Void contracts are treated as if they never existed, and both parties are released from their obligations.
- Neither party can sue the other for non-performance or seek any remedies under the contract.
Therefore, the correct answer is B: Void.
Most Upvoted Answer
If entire specified goods is perished before entering into contract of...
Because subject to agreemnet is not present at the time of contract then here is no consideration,
considertaion is essential part of valid agreement,here is no consideration,hence contract is void.
considertaion is essential part of valid agreement,here is no consideration,hence contract is void.
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If entire specified goods is perished before entering into contract of sale, the contract isa)Validb)Voidc)Voidabled)CancelledCorrect answer is 'B'. Can you explain this answer?
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