Question
Which of the following provisions of the Indian
Contract Act deals with "Frustration of Contract?"Solution
Section 56 of the Indian Contract Act delas with the provisions relating to Agreement to do impossible act which is basically laying down provisions relating to doctrine of frustration wherein it mentions about the acts which cannot be performed or the impossibility of performance of the contract. This section is based on the maxim “ les non cogit ad impossibilia” which means the law will not compel a man to do what he cannot possibly perform.
Which of the following Statements about IREDA is/are True?
I- It is registered as Non-Banking Financial Company (NFBC) with Reserve Bank of India...
When Government expenditure is more than income, through which of the following ways, it does the deficit financing?
(1) From Banks
(2) Fr...
Who among the following is not one of the eligible beneficiaries of PMUY?
Which of the following Statements about Multiplier Effect is/are True?
I- When the government spends a rupee, overall income rises by a multiple ...
Consider the following statements regarding Phase II of the Swachh Bharat Mission (Grameen) [SBM (G)]
1) The program will be implemented...
Which of the following statements about Prompt Corrective Action is/are True?
I- Prompt Corrective Action F...
What is the basic difference between Gross NPA and Net NPA?
I- Gross NPA is the total of Bank loans and Net NPA is the total of all kinds of loan...
