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Law · Q112

Indian Contract Act

Graduate and Post Graduate · Law · question 112

Q112

Earnest money is the sum of money deposited for the performance of the contract, so which is not correct

A.
It is not a part of purchase price
B.
It is given at the time of conclusion of the contract
C.
It can be given at any time
D.
It is a guarantee of due performance of the contract
Answer

Answer: Option D

Solution

Answer: Option D
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