CA Foundation Exam > CA Foundation Questions > A Condition is:a)Essential to main purpose of...
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A Condition is:
- a)Essential to main purpose of the Contract.
- b)Collateral to the purpose.
- c)Both main purpose and Collateral to the purpose
- d)Neither main purpose nor collateral to the purpose.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
A Condition is:a)Essential to main purpose of the Contract.b)Collatera...
A condition is a stipulation essential to the main purpose of a contract while a warranty is astipulation collateral to the main purpose of contract.
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A Condition is:a)Essential to main purpose of the Contract.b)Collatera...
A condition in a contract refers to a specific requirement or provision that must be fulfilled in order for the contract to be binding and enforceable. It is an essential element that goes to the heart of the agreement between the parties involved. The correct answer to the question is option 'A', which states that a condition is essential to the main purpose of the contract.
Explanation:
To better understand why option 'A' is the correct answer, let's examine the other options:
- Option 'B' states that a condition is collateral to the purpose of the contract. This is incorrect because a condition is not subsidiary or secondary to the main purpose of the contract. It is a fundamental requirement that must be met for the contract to be valid.
- Option 'C' suggests that a condition can be both the main purpose and collateral to the purpose of the contract. This is also incorrect. A condition is not collateral to the purpose because it is not a separate or additional provision. It is an integral part of the contract's main purpose.
- Option 'D' states that a condition is neither the main purpose nor collateral to the purpose of the contract. This is incorrect as well because a condition is directly related to the main purpose of the contract and cannot be disregarded.
In summary, a condition in a contract is essential to the main purpose of the agreement. It is a requirement that must be fulfilled for the contract to be valid and enforceable. Failing to meet a condition can result in the contract being terminated or other legal consequences. Therefore, option 'A' is the correct answer.
Explanation:
To better understand why option 'A' is the correct answer, let's examine the other options:
- Option 'B' states that a condition is collateral to the purpose of the contract. This is incorrect because a condition is not subsidiary or secondary to the main purpose of the contract. It is a fundamental requirement that must be met for the contract to be valid.
- Option 'C' suggests that a condition can be both the main purpose and collateral to the purpose of the contract. This is also incorrect. A condition is not collateral to the purpose because it is not a separate or additional provision. It is an integral part of the contract's main purpose.
- Option 'D' states that a condition is neither the main purpose nor collateral to the purpose of the contract. This is incorrect as well because a condition is directly related to the main purpose of the contract and cannot be disregarded.
In summary, a condition in a contract is essential to the main purpose of the agreement. It is a requirement that must be fulfilled for the contract to be valid and enforceable. Failing to meet a condition can result in the contract being terminated or other legal consequences. Therefore, option 'A' is the correct answer.
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A Condition is:a)Essential to main purpose of the Contract.b)Collateral to the purpose.c)Both main purpose and Collateral to the purposed)Neither main purpose nor collateral to the purpose.Correct answer is option 'A'. Can you explain this answer?
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