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.
Which statement provides the most accurate information about earthquake waves?
Consider the following statements about Aarogya Maitri Aid Cube:
1. World's first portable hospital, 'Aarogya Maitri Aid Cube', was unvei...
In January 2023, the 'Bailey Suspension Bridge' was inaugurated on which river of Jammu and Kashmir?
Which statement is correct about “Troposphere Emission : Monitoring Of Pollution”(TEMPO)
a.Tropospheric Emissions: Monitoring of Pollution ...
Consider the following statements:
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Rashmi Choudhury won the Sahitya Akademi Award 2022 for which language?
Which film received the prestigious Palme d'Or award at the 2024 Cannes International Film Festival?
Which of the following states will host the 38th National games?
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Which country returned sovereignty of the Chagos Islands to Mauritius in 2024, while retaining control of the Diego Garcia military base?
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