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A agrees to sell his car to B at a price which B may be able to pay. This agreement is A) VOID B) VALID C) VOIDABLE D) CONTINGENT?
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A agrees to sell his car to B at a price which B may be able to pay. T...
Explanation:
Answer: The agreement between A and B is a valid agreement. This is because A has agreed to sell his car to B at a price which B may be able to pay. The agreement is legally enforceable, and both parties are bound by the terms of the agreement. As long as B pays the agreed-upon price, A is legally obligated to transfer ownership of the car to B. However, if B is unable to pay the price, the agreement may become voidable at the option of A.
It is important to note that the agreement is not contingent, as there is no event that needs to occur for the agreement to be fulfilled. Additionally, the agreement is not void, as it is legally enforceable. Overall, the agreement between A and B is a valid contract that both parties are bound to uphold.
- Void Agreement: An agreement which is not enforceable by law is called a void agreement. It is void ab initio, i.e., it is void from the very beginning.
- Valid Agreement: An agreement which is enforceable by law is called a valid agreement.
- Voidable Agreement: An agreement which is enforceable by law at the option of one or more parties, but not at the option of the other or others, is called a voidable agreement.
- Contingent Agreement: An agreement to do or not to do something, if some event, collateral to such agreement, does or does not happen, is called a contingent contract.
Answer: The agreement between A and B is a valid agreement. This is because A has agreed to sell his car to B at a price which B may be able to pay. The agreement is legally enforceable, and both parties are bound by the terms of the agreement. As long as B pays the agreed-upon price, A is legally obligated to transfer ownership of the car to B. However, if B is unable to pay the price, the agreement may become voidable at the option of A.
It is important to note that the agreement is not contingent, as there is no event that needs to occur for the agreement to be fulfilled. Additionally, the agreement is not void, as it is legally enforceable. Overall, the agreement between A and B is a valid contract that both parties are bound to uphold.
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A agrees to sell his car to B at a price which B may be able to pay. T...
Bhai yha model paper mai answer A bata raha hai
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A agrees to sell his car to B at a price which B may be able to pay. This agreement is A) VOID B) VALID C) VOIDABLE D) CONTINGENT?
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A agrees to sell his car to B at a price which B may be able to pay. This agreement is A) VOID B) VALID C) VOIDABLE D) CONTINGENT? 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 A agrees to sell his car to B at a price which B may be able to pay. This agreement is A) VOID B) VALID C) VOIDABLE D) CONTINGENT? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A agrees to sell his car to B at a price which B may be able to pay. This agreement is A) VOID B) VALID C) VOIDABLE D) CONTINGENT?.
A agrees to sell his car to B at a price which B may be able to pay. This agreement is A) VOID B) VALID C) VOIDABLE D) CONTINGENT? 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 A agrees to sell his car to B at a price which B may be able to pay. This agreement is A) VOID B) VALID C) VOIDABLE D) CONTINGENT? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A agrees to sell his car to B at a price which B may be able to pay. This agreement is A) VOID B) VALID C) VOIDABLE D) CONTINGENT?.
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