Question
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 his estate was taken over by the official assignee. ABC Pvt. Ltd. seeks to enforce the contract through court. Which of the following correctly describes the legal status of the contract?Solution
As per Section 56 of the Indian Contract Act, a contract becomes void due to frustration if a party becomes legally incapable of performance, such as insolvency.
Who is the Minister of Education?
The central government aims to eliminate which disease by 2025?
Dekhnni dance is one of the oldest dance forms of which place?
World Ozone Day is celebrated every year on
D Gukesh is renowned for his achievements in which field?
In which state is the G. B. Pant University of Agriculture located?
The Chandigarh covers an area of ________
What was one of the key features of the Polaris Dawn mission?
Which of the following is a famous rock-cut temple complex located in the state of Himachal Pradesh?
A company that wants to raise funds abroad has to prepare its financials as per the GAAP (Generally Accepted Accounting Principles)
