Question
What are the requirements to be fulfilled for exercising
substituted performance?Solution
Specific Relief Act-Section 20. Substituted performance of contract- (2) No substituted performance of contract under sub-section (1) shall be undertaken unless the party who suffers such breach has given a notice in writing, of not less than thirty days, to the party in breach calling upon him to perform the contract within such time as specified in the notice, and on his refusal or failure to do so, he may get the same performed by a third party or by his own agency: Provided that the party who suffers such breach shall not be entitled to recover the expenses and costs under sub-section (1) unless he has got the contract performed through a third party or by his own agency.
What is the full form of TReDS?
Which of the following is a key determinant of operating leverage?
When the shares are issued for consideration other than cash which account will be debited
The approximate percentage change in a bond’s price for a 1% change in yield to maturity is given by:
What is the difference between bullion and numismatic coins?
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For an enterprise with investment in plant and machinery or equipment of Rs.9 crore and turnover of Rs.40 crore will be classified as _______ , as per M...
Payoff to a short position in a forward contract where the forward price is Rs.30 and spot price at maturity is Rs.55 will be _____
The Reserve Bank of India (RBI) doubled the limit for collateral-free loans to micro and small enterprises (MSEs) from 5 lakhs to 10 lakhs following whi...
What is project financing?
An examination of the sources and uses of funds statement is part of: