Question
Specific performance of a contract cannot be enforced
in favour of a person:Solution
Specific Relief Act, 1963 S. 6. Personal bars to relief.— Specific performance of a contract cannot be enforced in favour of a person— (a) who would not be entitled to recover compensation for its breach; or (b) who has become incapable of performing, or violates any essential term of, the contract that on his part remains to be performed, or acts in fraud of the contract, or wilfully acts at variance with, or in subversion of, the relation intended to be established by the contract;  Â
Fill in the blanks by selecting appropriate word/s the List II.
List I:
1. The _________ ratios are primarily measures of return: 2. The...
Credit Information Bureau (India) Limited CIBIL is India’s credit information bureau which provides consumers credit scores to a closed user group...
An entry with more than one debit or credit is known as
Calculate cost of goods sold from the following figures:
Opening stock = Rs. 3,500
Purchases = Rs. 21,000
Closing stock = Rs. 2,500
Which term refers to the specific rate of interest carried by a bond?
RXIL (Receivables Exchange of India Ltd.) is a joint venture of which two institutions?
What is the appropriate method for calculating the cost of inventory when there are significant fluctuations in purchase prices?
Calculate interest coverage ratio from the following:
Net Profit after tax = 120000, tax rate = 50%, long term debt @10% = 1500000
ABC Ltd. reported net profits of ₹12 lakh, but their cash from operations was only ₹3 lakh. The company made large purchases of inventory and extend...
If the MOS = 40000 units and BE units are 35000 and PV ratio is 60%. Calculate profit if revenue per unit is 8.Â
