Question
Mr. Sharma, a sole proprietor, entered into an oral agreement with a vendor for purchase of office furniture worth ₹2 lakhs, with delivery to be made after 3 months. There were no witnesses or written confirmation. Later, the vendor fails to deliver and Mr. Sharma files a suit. The court dismisses it citing enforceability issues. Which contract element was violated?
More Commerical Law Questions
- ABC Pvt. Ltd. entered into a contract with Mr. Rao for supplying machinery worth ₹25 lakhs. After execution of the contract, Mr. Rao became insolvent and h...
- The Prospectus must be issued to the public within ______________ days after the date onwhich a copy thereof is delivered to the Registrar
- The preference shares should be redeemed with in a period of
- A contract made under coercion is:
- 'Quantum meruit' means:
- XYZ Ltd., a listed entity, has only 2 independent directors on its 12-member Board. Audit Committee is formed with 2 independent and 1 executive director. ...
- In the Balance Sheet, Corporate Dividend Tax will be shown as a liability under the heading -
- As per the Companies Act, 2013 a Company means_____________
- Which of the following statement is true?
- The minimum number of members required to form a Private Limited Company in India is:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
