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A promises to paint a picture for B by a certain date for a certain amount. A dies before painting the picture. Which one of the following is correct in such a situation?
- a)The agreement does not lapse for A
- b)The agreement becomes voidable at the option of A’s legal representatives.
- c)The agreement becomes unlawful.
- d)The agreement lapses for both parties.
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
A promises to paint a picture for B by a certain date for a certain am...
A) The agreement does not lapse for A.
Explanation:
In this situation, the agreement between A and B does not become void or voidable just because A has died. The legal principle of "doctrine of frustration" applies in such cases, which means that the contract becomes impossible to perform due to unforeseen circumstances (such as death in this case). However, the contract is not automatically terminated but rather remains in force until the parties decide to terminate it. In this case, B may choose to enforce the contract against A's estate or negotiate a new agreement with A's legal representative.
Explanation:
In this situation, the agreement between A and B does not become void or voidable just because A has died. The legal principle of "doctrine of frustration" applies in such cases, which means that the contract becomes impossible to perform due to unforeseen circumstances (such as death in this case). However, the contract is not automatically terminated but rather remains in force until the parties decide to terminate it. In this case, B may choose to enforce the contract against A's estate or negotiate a new agreement with A's legal representative.
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A promises to paint a picture for B by a certain date for a certain am...
Its lapses for both parties because death of the person fails to fulfil his obligations consequently another person does not need to fulfill his obligation
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A promises to paint a picture for B by a certain date for a certain amount. A dies before painting the picture. Which one of the following is correct in such a situation?a)The agreement does not lapse for Ab)The agreement becomes voidable at the option of A’s legal representatives.c)The agreement becomes unlawful.d)The agreement lapses for both parties.Correct answer is option 'D'. Can you explain this answer?
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A promises to paint a picture for B by a certain date for a certain amount. A dies before painting the picture. Which one of the following is correct in such a situation?a)The agreement does not lapse for Ab)The agreement becomes voidable at the option of A’s legal representatives.c)The agreement becomes unlawful.d)The agreement lapses for both parties.Correct answer is option 'D'. Can you explain this answer? 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 promises to paint a picture for B by a certain date for a certain amount. A dies before painting the picture. Which one of the following is correct in such a situation?a)The agreement does not lapse for Ab)The agreement becomes voidable at the option of A’s legal representatives.c)The agreement becomes unlawful.d)The agreement lapses for both parties.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A promises to paint a picture for B by a certain date for a certain amount. A dies before painting the picture. Which one of the following is correct in such a situation?a)The agreement does not lapse for Ab)The agreement becomes voidable at the option of A’s legal representatives.c)The agreement becomes unlawful.d)The agreement lapses for both parties.Correct answer is option 'D'. Can you explain this answer?.
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