Question
The Court in the case of Durga Prasad v. Baldeo
specified the___________Solution
This case is based on section 2(d) of the Indian Contract Act and the Act specifies the importance of consideration as an essential element for a contract. Apart from this Section 25 of the Act was taken into consideration which states that “any agreement without consideration is void”. Thus, the Statue itself provides for that the necessities of a valid agreement.
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
...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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