Question
What type of contract is created when the performance of
an existing contract depends on the occurrence or non-occurrence of a collateral and uncertain future event?Solution
Contract Act, Section 31- 36: Contract to do or not to do something if some event, collateral to such contract does or does not happen. These are conditional contract as they are dependent on an uncertain future event which must be collateral to the contract.
A spent 25% of his monthly income on study and 70% of the remaining on rent. If amount spent on rent is Rs. 2016, then find the amount spent on study
- Vikram spent 10% of his income on investments and out of the remaining amount, he spent 35% on house rent, 30% on maintenance, 15% on groceries, and saved ...
An original figure is first enhanced by 25% and then reduced by 10%. What is the final overall percentage change?
In an election between two candidates Abhay and Bharti, Abhay got 55% of the total valid votes, 20% of the total votes were invalid. If the total number...
In a conference, 78% people were present, and the no. of absentees was 110. The total number of the people who were invited was
The respective ratio of monthly income of A to monthly income of B is 6:7, and A’s saving is (100/7)% more than B’s saving. Find the expenditure of ...
A man spent 55% of his income in May. If his savings is increased by 30% in June and becomes Rs. 5850, then find the income of man in May.
- ‘S’ has 20% fewer books than ‘T’. ‘T’ has 25% more books than ‘U’. By how much percent are the books with ‘S’ less than those with ‘U...
A store offers two consecutive discounts of 12% and 8% on an item. Determine the equivalent single discount percentage.
- A manufacturer produced a total of 24000 items where 40% of the items were electronic gadgets and the remaining items were household appliances. If 70% of ...
