In which case it was laid that it is not necessary that the consideration should move from the promisee himself?
The Court held that it is not necessary that the consideration should move from the promisee himself as laid down under section 2(d) of the Indian Contract Act, 1872 which says that ‘Consideration may be given by the promise or anyone on behalf of promisee. Taylor v. Caldwell: The doctrine of impossibility/frustration through destruction of the subject matter was established in this case. NAFED v. Alimenta S.A.: A foreign award was declared as unenforceable on the ground that one of the provisions of the Agreement in question was hit by Section 32 of the Indian Contract Act and thus violative of public policy of India. Dunlop Pneumatic Tyre Co. Ltd. v. Selfridge & Co. Ltd .: Privity of contract- only parties to a contract can sue for a breach of the contract.
The key areas to be monitored under the Revised Prompt Correction Action framework of RBI does not include _____
Which of the following is represented by an estimated amount to meet a loss or expense in future?
What does a decreasing inventory turnover ratio usually indicate about a firm
What are the mismatch tolerance levels for time bucket of 15 – 28 days in the ALM statement?
Calculate the average age of inventory(Assume 360 days in a year):
For receiving grant from abroad under the Foreign Contribution Regulation Act, which of the following would give permission for the same?
What is the underlying reason for SEBI's permission to allow stock brokers and clearing members to park client funds in mutual fund overnight schemes?
Atal Pension Yojana provides a minimum guaranteed pension ranging from Rs 1000 to Rs 5000 on attaining 60 years of age. The scheme is administered by t...
What is the minimum contribution amount for a Tier II account in the National Pension System (NPS)?
Which among the following is NOT a constituent of Tier-II capital of banks according to BASEL Accord?
