Question
Which is that element which makes all contract an
agreement but all agreements not a contract?Solution
Contract Act Section 2(h) Contract is an agreement enforceable by law. Enforceability means when promises are held valid in the court of law and the parties to the contract can be held liable to complete their promises, the contract is said to be enforceable by law. Offer + Acceptance= Agreement, Agreement / Accepted Promise + Enforceable by Law= Contract
The maximum period for which an individual can be appointed as an auditor of a company is:
WhatsApp / Hike Messenger is an example of:
Calculate the value of work certified, if cash received is Rs. 480,000, being 80% of work certified.
Anil and Baldev are partners sharing profit and losses in the ratio of 3: 2. Anil's capital is ₹ 60,000 and Baldev's capital is ₹ 30,000 before adju...
The DuPont Analysis uses the following ratios except:
A company purchases machinery worth ₹10 lakh and puts it to use on 1st December. What will be the depreciation rate and amount for the year under the ...
Selling price = ₹100/unit, Variable cost = ₹60/unit, Fixed cost = ₹4,00,000. Sales = 12,000 units. Calculate sales amount if the desired profit is...
Amount paid for stationery during 2022-23        ₹ 80,000
Creditors for Stationery on March, 31, 2023       ₹ 7,...
According to Payment of Bonus Act 1965, what is the minimum bonus in case of an adult payable?
An insurance investment plan offers a maturity value of ₹5,00,000 after 5 years. If the opportunity cost of capital is 9% compounded annually, calcula...
