Question
A contract is ______________ because it was caused by a
mistake as to any law in force in IndiaSolution
Contract Act- Section 21. Effect of mistakes as to law- A contract is not voidable because it was caused by a mistake as to any law in force in India; but a mistake as to a law not in force in India has the same effect as a mistake of fact.
What type of reinsurance contract allows an insurer to cede a fixed percentage of all policies to a reinsurer in return for proportionate claims and pre...
Journal entry is not made for which of the following?
U/s 208, it is obligatory for an assessee to pay advance tax where the tax payable is
Which of the following statements is true for the Payback Period method?
Which type of reinsurance involves one particular risk and is expressed in a reinsurance policy, with each transaction negotiated individually and offer...
Opening inventory Rs. 1,700/-, Purchases Rs. 27,000/-, Closing inventory Rs. 1,500. Cost of goods sold will be           Â
...Under the Expected Credit Loss (ECL) model, how are trade receivables without a significant financing component measured for impairment?
 A type of market in which securities with less than one year maturity are traded, is classified as
A lessee enters into a 5-year property lease with fixed annual rentals and variable payments linked to CPI, initially measured using the CPI at commence...
__________ guides how to account for taxes on income.
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