Question
Company A promises to sell land to Company B but does
not sign a written agreement. B makes payment and takes possession. Is this enforceable?Solution
Doctrine of part performance (under Specific Relief Act) allows enforcement if buyer acted on promise.
Which of the following is/are constant along a demand curve?
(1) Income of the consumers
(2) Price of related goods
Which of the following is true for income elasticity of demand?
(1) It measures the responsiveness of quantity demanded of a good with respect...
Which of the following is true as per the law of supply?
(1) There is a negative relation between quantity supplied and price
(2) The...
A perfectly elastic demand curve is
For normal goods, the demand curve has a/an_______ slope.