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.
What is the full form of HORTINET, a traceability system developed by APEDA?
Which of the following is NOT promoted by PKVY?
Which of the following is a dicotyledonous weed?
The term genotype, phenotype and gene were coined by which of the following scientist?
The rate at which the temperature changes as air rises or falls is termed as ………………………….
...What is the full form of SPS in WTO agreements related to agri trade?
Application of herbicide in the slow growing crops like potato, sugarcane, 2-3 week after sowing is classified as:
Sampling of food articles for enforcement and surveillance, maintaining records of all inspections & maintaining a database of all Food Businesses is ...
Which body ensures traceability of spice exports through its “SpiceNet” initiative?
Which Ministry governs the functioning of APEDA?
