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Two or more persons are said to consent if they agree upon the same thing in the same sense. Consent is said to be free when it is not caused by coercion, on undue influence, or fraud, or misrepresentation, or mistake. When consent to an agreement is caused by coercion, undue influence, fraud or misrepresentation, the agreement is a contract voidable (rescindable or terminable) at the option of the party whose consent was so caused. However, when consent to an agreement is caused by mistake as to a matter of fact essential to the agreement, the agreement is void.
P and Q started a business by investing Rs. 10,000 and Rs. 15,000 respectively. p also worked as the active manager and for that he is entitled to recei...
A, B and C started a online education website by investing Rs.28,000, Rs.36,000 and Rs.40,000 respectively. Find the share of A’s, out of an annual pr...
P started a business investing Rs.12000. After 3 months, Q joined her with the capital of Rs.18000. After another 6 months, R joined them with the capit...
Ajay and Akash together start a business with investment of Rs. 1500 and Rs. ‘x + 1300’, respectively. If the profit earned after 5 years is...
A starts business with Rs.12000 and after 5 months, B joins with A as his partner. After a year, the profit divided in the 4:7. What is B’s contribut...
‘A’ started a business by investing Rs. 1800. Four months later, ‘B’ joined by investing Rs. ‘x’. If at the end of the year ‘B’ received...
P and Q together started a business with initial investment in the ratio of 1:3, respectively. The time-period of investment for P and Q is in the ratio...
K and L started a business by investing Rs. (q + 900) and Rs. (3q - 1800), respectively. If K's profit share was Rs.27,000 out of a total profit of Rs.6...
If the ratio of time periods of investment of A and B is 2:5, profit at the end of the year is Rs.140000 and A’s share in it is Rs.40000, then what is...
Jagan and Magan started a business with a capital of Rs. 36000 and Rs. 63 ,000 and decide to share their profit according to their capital. But Gagan jo...