A promised to pay his son B a sum of Rs 1 lakh if B passed CA exams in the first attempt. B passed the exam in the first attempt, but A failed to pay the amount as promised. B files a sit for recovery of the amount. State whether B can recover the amount under the Indian Contract Act, 1972.
Read Assertion (A) and Reason (R) and give the correct answer by using the given below: Assertion (A): A proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, But not afterwards. Reason (R): Section 5 of the Indian contract Act 1872, deals with the revocation of proposals and acceptances.
When a contract has been broken and a sum is named in the contract as the amount to be paid in case of breach, the party complaining of the breach is entitled to
If it appears from the nature of the case that it was the intention of the parties to any contract that any promise contained in it should be performed by the promisor himself:
Read Assertion (A) and Reason (R) and answer using given below: Assertion (A): An agreement made with consideration is void unless it is in writing and registered. Reason (R): Because Section 25(1) of the Indian Contract Act stipulates so.
A promises to pay B 1,000 rupees at the end of the six months. If C, who owes that sum to B, fails to pay it. B promises to grant time to C accordingly. Here, the promise of each party is the consideration for the promise of the other party.
A' gives Rs. 50,000 to 'B' on condition that he shall marry A's daughter 'C'. At the date of the transfer 'C' was dead. Such transfer is . . . . . . . .