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Contract Act- In the case of Mohori Bibee vs. Dharmodas Ghose the Privy Council expressly barred any person below the age of eighteen years to enter into a contract, and take major decisions in relation to the same. In Nash vs. Inman it was held that any contract with a minor is void and a minor may contract for necessaries but it will not be enforceable unless they are necessary for his life and he does not already have enough of it. If either of these things are disputed, the onus is on the plaintiff to prove them. Kedar Nath vs. Gorie Mohammad the Court held that an agreement without consideration is valid and binding if on the faith of the promise, the promisee takes definite steps in furtherance of the object. Damodar Murlidhar vs. Secretary of State of India it was that no one should be benefited at another's expense.
The IMF and the World Bank were conceived as institutions to-
Which of the following days is known as ‘GST Day’?
__________ is going to set up a branch office in the International Financial Services Centre, GIFT City, Gandhinagar, Gujarat that will enable the com...
Which of the following Statements about the DICGC is/are True?
I- Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly owned...
TReDS is the acronym for which of the following?
Which is correct about Union Budget 2017?
i. The government targets to bring 1 crore households out of poverty ...
Reserve Bank of India has cancelled the license of Independence Co-operative Bank Ltd. It is based at ________________.
What is the theme of RBI’s recently announced third cohort of Regulatory Sandbox?
National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme. NPS is regulated by?
RBI recently approved ____________________ for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS).