Question
Under Section 11 of the Indian Contract Act, which of
the following conditions must be met for a person to be considered legally competent to enter into a contract?Solution
Contract Act: Section 11. Who are competent to contract—Every person is competent to contract who is of the age of majority according to the law to which he is subject, and who is of sound mind, and is not disqualified from contracting by any law to which he is subject.
Which benchmark has been mandated by RBI for floating rate loans to retail and MSME borrowers?
NFRA (National Financial Reporting Authority) has the power to debar an individual auditor or firm registered with the ICAI for up to ________, in case ...
Gross Domestic Product (GDP) of any nation
Under which method of depreciation, the value of a fixed asset is reduced uniformly over its useful life?
Which FYP was based on the Ashok Rudra Menon Model?
In credit management, which of the following is a major risk for MSMEs that is caused by delays in payments from large customers and the accumulation of...
What relationship exists between the average collection period and accounts receivable turnover?
Which of the following is not a parameter under the CRG (Credit Risk Grading) system?
Which term refers to the specific rate of interest carried by a bond?
When was the Samadhaan Portal launched for monitoring and resolving outstanding dues to MSEs?
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