Question
Which one is not the exception of Ex nudo pacto non
oritio action'Solution
"Ex nudo pacto non oritur actio" means a contract without consideration is not enforceable, but there are exceptions to this rule under Section 25 of the Indian Contract Act, namely:
- Natural love and affection (if written and registered)
- Compensation for past voluntary services (involuntary/past services)
- Promise to pay a time-barred debt
- Completed gift
- Agency contracts are also exceptions (no consideration needed for creation of agency).
What is the maximum loan amount for education loans that can be obtained from banks as collateral-free loans?
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ABC Ltd stated the reason of poor performance of the company was the unsystematic risks faced by it in the current financial year. Which of the followin...
What is the maximum loan limit under the Projected Turnover Method?
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Which of the following features best describes a Term Loan as compared to a Cash Credit facility?
The difference between the Standard Cost of actual output and the Actual Cost incurred is the:
