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Explanation:Contract Act Section 56.Agreement to do impossible act: An agreement to do an act impossible in itself is void.Contract to do an act afterwards becoming impossible or unlawful.—A contract to do an act which, after the contract is made, becomes impossible, or, by reason of some event which the promisor could not prevent, unlawful, becomes void when the act becomes impossible or unlawful.
What does cash flow means in accounting parlance?
Which one of the following is a second method of Calculation of Maximum Permissible Bank finance recommded by Tandon Committee?
ABC Inc’s Income statement shows a sale of Rs 2000, COGS of Rs 800, Pre-Interest Operating Expenses of Rs 600 and Interest expenses of Rs 200. Int...
Interest paid on Debentures will come in which of the following activities in the Cash Flow Statement?
PQR Ltd consumes a minimum of 1250 units in 4 weeks while the average rate of consumption per week is 625 units. If it takes 4 weeks on average for the ...
What are the eligible investors under the Fully Accessible Route (FAR)?
Which of the following concepts describes the line of authority should flow from top management to bottom?
SEBI has divided the Non-institutional Investors (NII) category into two based on the application size for book-built IPOs. What proportion of NIIs has...
The discount rate that makes the present value of expected cash flows from the project equal to the initial cost of the project is called:
What will be the BEP in units when the sales price is Rs.40 per unit, fixed cost is Rs.60000 and the PV ratio is 40%?