Question
Which of the undermentioned is not an exception to the
Doctrine of Privity of Contract?Solution
Section 25 Agreement without consideration, void, unless it is in writing and registered, or is a promise to compensate for something done, or is a promise to pay a debt barred by limitation law. On the other hand, Doctrine of Privity is a common law principle which implies that only parties to a contract are allowed to sue each other to enforce their rights and liabilities and no stranger can sue to get the contract enforced. In exceptional case strangers to a contract can sue if they are beneficiary.
Consider the following statements about Zero Budget Natural Farming:
I. Zero Budget Natural Farming is being promoted by the Rashtriya Gokul Miss...
Which among the following correctly denotes Capital Adequacy ratio ?
In the Union Budget 2023-24, Government indicated that an Urban Infrastructure Development Fund (UIDF) will be established. This will be managed by the...
 India is regarded as a country with “Demographic Dividend’’. This is due to
Which one of the following is not a feature of Ayushman Bharat Scheme?
Which Indian insurer has found place in the Brand Finance report?
What is the purpose of setting up of Small Finance Banks (SFBs) in India?
1. To supply credit to small business units
2. To supply credit ...
Which of the following is not included in the assets of a commercial bank in India?
According to the Harrod - Domar growth model, the GDP is ___
Where are the headquarters of the Indian Space Research Organisation?Â