Question
In which case it was laid that it is not necessary that
the consideration should move from the promisee himself?Solution
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.
Market is a place of ______.
What percent of shareholding is under National Bank for Agriculture and Rural Development (NABARD) in Agriculture Insurance Company of India Limited?
In which type of insurance, schemes are offered by insurance companies to provide certain classes of individuals, the benefit of insurance coverage at m...
A policy that covers loss or damage to a householder's property is:
Which feature is not allowed in the Indian insurance market?
Reinsurance placed with a company not authorized in the reporting company’s state of domicile is called?
The amount charged by the insurer to provide the life cover to policy holder on the life of the life Insured is known as?
The portion of risk that a reinsurance company cedes or amount of insurance the company chooses not to retain is called?
What does the preamble of an insurance policy NOT typically include?
The 'Own Damage' cover in a motor insurance policy protects the insured against:
Relevant for Exams:
