Question
What are the consequences of rescission of voidable
contract as per the Contract Act?Solution
Section 64. Consequences of rescission of voidable contract: When a person at whose option a contract is voidable rescinds it, the other party thereto need not perform any promise therein contained in which he is promisor. The party rescinding avoidable contract shall, if he have received any benefit thereunder from another party to such contract, restore such benefit, so far as may be, to the person from whom it was received.
What does the management principle, "Principle of Order" developed by Henry Fayol signify?
In which document of the company is the purpose or objective of its incorporation mentioned, as per the Companies Act?
Internal auditor is appointed by ________.
What types of products and services can be procured through GeM?
Section 63 of the Companies Act. 2013 deals with the issue of bonus shares. According to Sub-section (1) of this section, a company may issue fully paid...
A firm has high current assets turnover but declining sales. What strategy should it follow?
Section 24(b) of the Income Tax Act refers to:
Which of the following will be considered as the long-term objective of financial management?
An interface, that allows a user to interact with the e-commerce vendor in a two-tier architecture, is known as __________.
The audit that is made compulsory under statute is called _________.
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