CA Foundation Exam > CA Foundation Questions > A agrees to pay B a sum of money if a certain...
Start Learning for Free
A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:
- a)B can enforce the contract when the ship sinks
- b)B can claim damages
- c)B can not enforce the contract when the ship sinks
- d)None
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
A agrees to pay B a sum of money if a certain ship does not return. Th...
Enforcement of Contract when the Ship Sinks
When A agrees to pay B a sum of money if a certain ship does not return and the ship is sunk, B can enforce the contract when the ship sinks. This means that A is bound to pay B the agreed sum of money as per the contract.
The basis for this is the doctrine of frustration. Frustration occurs when an event occurs which makes it impossible to perform the contract. In this case, the sinking of the ship makes it impossible for A to perform the contract, and therefore the contract is frustrated.
However, frustration does not automatically terminate the contract. The party seeking to rely on frustration must show that the event which has occurred was not foreseeable and that it makes it impossible to perform the contract. In this case, the sinking of the ship was not foreseeable, and therefore the contract is frustrated.
As a result, B can enforce the contract when the ship sinks, and A is bound to pay B the agreed sum of money.
When A agrees to pay B a sum of money if a certain ship does not return and the ship is sunk, B can enforce the contract when the ship sinks. This means that A is bound to pay B the agreed sum of money as per the contract.
The basis for this is the doctrine of frustration. Frustration occurs when an event occurs which makes it impossible to perform the contract. In this case, the sinking of the ship makes it impossible for A to perform the contract, and therefore the contract is frustrated.
However, frustration does not automatically terminate the contract. The party seeking to rely on frustration must show that the event which has occurred was not foreseeable and that it makes it impossible to perform the contract. In this case, the sinking of the ship was not foreseeable, and therefore the contract is frustrated.
As a result, B can enforce the contract when the ship sinks, and A is bound to pay B the agreed sum of money.
Free Test
FREE
| Start Free Test |
Community Answer
A agrees to pay B a sum of money if a certain ship does not return. Th...
Here we may think that ship was sunk so B can claim damages
But he can claim it only when ship sinks
so he can enforce the contact only when the ship sinks
therefore option 'A' was correct option.
But he can claim it only when ship sinks
so he can enforce the contact only when the ship sinks
therefore option 'A' was correct option.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
Question Description
A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 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 pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer?.
A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 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 pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer?.
Solutions for A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B:a)B can enforce the contract when the ship sinksb)B can claim damagesc)B can not enforce the contract when the ship sinksd)NoneCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup on EduRev and stay on top of your study goals
10M+ students crushing their study goals daily