Question
When there is a breach of contract, the party which has
performed a part of his obligation, is entitled to recover value of what has been done by him. This remedy is known as:Solution
This is a Latin Phrase related to the Indian Contract Act which means as much as he has earned. Further, it provides that even if there is no contract between the parties this law implies a promise to pay a reasonable amount for the labour and material provided. Such circumstances wherein someone gets a benefit while the other party gets nothing or the benefit or enrichment which one party receives as a result of the other party’s actions. Therefore, the party who has received the services is unjustly benefited and must return it to the party who provided that.
The transmission of information received from outside to internal members and subordinates is Manager’s role. It is ____ role of a manager.
Arvind Ltd is trying to ascertain its efficiency and calculates the accounts receivable turnover ratio. The ratio is higher in FY21 as compared to FY20...
Which of the following assets is classified as a Sub-standard asset?
What is the maximum allocation allowed under equity asset class under the active investment option under NPS for a subscriber up to 50 years of age?
Non-Banking Financial Companies (NBFC) are classified into _________ categories.
India’s first Long term Fiscal policy was adopted during the tenure of ..................... as Minister of Finance.
What is the primary advantage of franchising for the franchisor?
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 is the investment and annual turnover criteria to classify an enterprise as a ‘small enterprise’?
ABC Ltd’s purchases during the year were Rs 200000. The balance sheet shows an average accounts payable balance of Rs 15000. ABC’s payables period a...
