Question
What are the consequences of rescission of voidable
contract as per the Contract Act?Solution
Section 64. Consequences of rescission of voidable contract: When a person at whose option a contract is voidable rescinds it, the other party thereto need not perform any promise therein contained in which he is promisor. The party rescinding avoidable contract shall, if he have received any benefit thereunder from another party to such contract, restore such benefit, so far as may be, to the person from whom it was received.
Under Section 18 of the Securities Contracts (Regulation) Act, 1956, a broker, P, is operating in a State where Section 13 has been declared to apply (n...
Which of the following describes a judgment-debtor?
A person can act as proxy on behalf of members not exceeding fifty and holding in the aggregate ___________________ of the company carrying voting rights
Read the following statements thoroughly:
1. Habitual offender clause was removed in 2018.
2. Misappropriation remains criminal misconduct...
What is the total managerial remuneration payable by a public company, to its directors, including managing director and whole-time director, and its ma...
______________________ as per the IBC means a person to whom an operational debt is owed and includes any person to whom such debt has been legally assi...
Which courts are authorized to try offences punishable under the MSMED Act?
According to the Contract Act under what circumstance is a principal unable to revoke the authority granted to an agent?
Sedition means_______________
Many key changes have been brought to IPC through the Bharatiya Nyaya Sanhita, 2023. Considering the same which of the following has been removed by the...
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