Question
A contract to do an act which, after the contract is
made, becomes impossible, or, by reason of some event which the promisor could not prevent, unlawful _____________Solution
Contract Act Section 56.  Agreement to do impossible act: Contract to do an act afterwards becoming impossible or unlawful—A contract to do an act which, after the contract is made, becomes impossible, or, by reason of some event which the promisor could not prevent, unlawful, becomes void when the act becomes impossible or unlawful.
Second hand stocks/shares are traded with: (Common platform for trading)
Amount paid for stationery during 2022-23        ₹ 80,000
Creditors for Stationery on March, 31, 2023       ₹ 7,...
A company wants to list on the Bombay stock exchange. Which of the following processes will result in this?
Amazon and Flipkart are examples of:Â
X Ltd. is merged with Y Ltd. under the pooling of interest method. The reserves and surplus of X Ltd. amount to ₹10 lakhs. How will this be treated in...
Premium income for the year is ₹240 crore, evenly earned. As at year-end, unexpired risk is 50% of premium. Calculate UPR to be carried forward.
What is the interest rate charged on loans given under the PM Vishwakarma Scheme to artisans?
Which of these is a primary objective of financial reporting?
The primary objective of Cash Management is to:
Offering a cash discount to customers for early payment of their invoices will likely: