Tag: commerce
Questions Related to commerce
A contract can be discharged by __________.
_________ signifies that the parties are not further bound under the contract.
When both the parties have decided to cancel the contract, it is known as _______ .
X & Y entered into an agreement to buy an imported car for Rs. 30,000. Later on they cancelled the agreement. This is known as ______ .
Rescission of a Voidable Contract may also be revoked and the parties can get back on the original contract.
Damages which an aggrieved party claims, besides general damages for any loss he has suffered owing to special circumstances known to both the parties at the time of signing the contract are called ________.
To claim reimbursement of money paid on behalf of another person, which of the following is not required?
In case of necessaries supplied to a person incompetent to contract, which of the following is true?
Surety may be discharged from liability:
Y. On the failure of payment by the main creditor
Z. If the creditor does any act which is against the rights of the surety
A person incurred expenses of RS. 5,000 for the necessaries supplied to a Minor. Which of the following is true?