X' agreed to supply 1000 tons of iron at Rs. 100 per ton to 'Y' to be delivered not later than 31st January, 2002. 'X' also entered into a contract with 'A' for purchase of 1000 tons of iron at Rs. 80 per ton telling 'A' clearly that the iron is needed before 31st January, 2002 for supply to 'Y' to fulfil the contract with Y. 'A' fails to supply the iron to 'X' who in tum failed to supply the same to 'Y'. In an action by 'X' against 'A'.
T' coaches 'M', a minor, who is a student of Secondary School in Mathematics. Though there was no talk between the father of 'M' and 'T' with respect to any remuneration to be paid to 'T' yet the father of 'M' had knowledge of the coaching imparted by 'T'. After 'M' succeeded in his examination. 'T' demanded remuneration from father of 'M'. Which legal principle would govern the case at hand?
Consider the following statements in respect of acceptance:
1. In case of telephonic conversation, the contract is complete when the acceptor speaks the words of acceptance.
2. Conditional or qualified acceptance is also an acceptance.
3. Acceptance should be in the usual prescribed manner.
Which of the statements given above is/are correct?
An agreement made without consideration is void, unless it is a promise to compensate, wholly or in part, a person who has . . . . . . . . done something for the promisor, or something which the promisor was legally compellable to do
A holds out a pistol over his own head and threatens to shoot himself if a release deed is not signed by his wife in favour of his brother. A's wife signs the release deed. The consent to the agreement is caused by: