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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.
Which state received the highest Foreign Direct Investment (FDI) in Q1 FY25?
_________ is the ratio of provisioning to gross non-performing assets and indicates the extent of funds a bank has kept aside to cover loan losses.
When goods are packed and transported with insurance, the supply of goods, packing materials, transport and insurance as per provisions of CGST Act, 20...
Exchange differences are treated where?
As per Schedule in of the Companies Act, 2013, a Company shall disclose by way of notes additional information regarding aggregate expenditure and inco...
A company fails to accrue wages for March that will be paid in April. The company’s year-end balance sheet liabilities:
Mr. Ankit received 1000 ESOPs at Rs.50 each. The fair value of the shares is Rs.120 at vesting time and Rs.130 at exercise time. What is the value of ES...
What is the amount of contribution by RBI to the PIDF fund?
According to IND AS 115, when can revenue be recognized?
Which of the following is not included in core inflation?