A' intending to deceive 'B' falsely represents that five hundred tons of indigo is made annually at A's factory and thereby induce 'B' to buy the factory. The contract is:
Which of the following statements is/are correct?
1. Counter offer puts an end to the original offer.
2. In counter offer, the previous offer can be revived.
3. Acceptance must be absolute and unqualified.
4. Acceptance with new terms is valid.
Select the correct answer using the given below:
X applied for the post of Principal of a local college and the governing body passed a resolution appointing him. After the meeting, one of the members of the governing body privately informed him of the resolution. Subsequently, the resolution was rescinded. X claims damages.
In this context, which one of the following propositions is correct?
B' says to 'A' - "If you do not deny it, I shall assume that the horse is sound".
'A' says nothing. Here 'A's silence is equivalent to speech.
This illustration is based on
Under Indian Contract Act, an agreement which is enforceable by law at the option of one or more of the parties thereto, but not at the option of the other or others, is
If instead of avoiding the contract the contractor accepts the belated performance of reciprocal obligation on the part of the employer, the innocent party i.e., the contractor, cannot claim compensation for any loss occasioned by the non-performance of the reciprocal promise by the employer at the time agreed, unless at the time of such acceptance, he gives notice to the promisor of his intention to do so. In which case it was held
Statement I: An agreement to which the consent of the promisor is freely given is not void merely, because the consideration is inadequate. Statement II: Inadequacy of the consideration may be taken into account by the court in determining the question whether the consent of the promisor was freely given.
Choose the correct answer: