Indian Contract Act - Study Mode
[#586] Consider the following statements: 1. A contract formed by coercion and undue influence is vitiated and voidable at the option of the party whose consent is so obtained. 2. A contract formed, where both the parties are under mistaken notion about the existence of the subject matter, is void. Which of the statements given above is/are correct?
Correct Answer
(C) Both 1 and 2
[#587] Satyabrat Ghose v. Mangneeram Bangur (1954 SC) is a case on
Correct Answer
(C) Frustration
[#588] Read Assertion (A) and Reason (R) and give the correct answer with the help of given below: Assertion (A): Acceptance is to offer what a lighted match is to a train of gunpowder. Reason (R): Acceptance cannot be separated from offer.
Correct Answer
(B) (A) is false but (R) is true
[#589] Novation of a contract under Indian Contract Act, means:
Correct Answer
(D) Substitution of a new contract in place of original contract
[#590] S, a singer, enters into a contract with W, the owner of a theatre to sing at his theatre on Mondays and Tuesdays every weak. Before S could begin her performance the theatre was completely destroyed in an earthquake. The contract
Correct Answer
(C) Is discharged by impossibility of performance