Section 15. Who may obtain specific performance.—Except as otherwise provided by this Chapter, the specific performance of a contract may be obtained by— (a) any party thereto; (b) the representative in interest or the principal, of any party thereto: Provided that where the learning, skill, solvency or any personal quality of such party is a material ingredient in the contract, or where the contract provides that his interest shall not be assigned, his representative in interest or his principal shall not be entitled to specific performance of the contract, unless such party has already performed his part of the contract, or the performance thereof by his representative in interest, or his principal, has been accepted by the other party; (c) where the contract is a settlement on marriage, or a compromise of doubtful rights between members of the same family, any person beneficially entitled thereunder; (d) where the contract has been entered into by a tenant for life in due exercise of a power, the remainderman; (e) a reversioner in possession, where the agreement is a covenant enered into with his predecessor in title and the reversioner is entitled to the benefit of such covenant; entitled to the benefit thereof and will sustain material injury by reason of its breach; (fa) when a limited liability partnership has entered into a contract and subsequently becomes amalgamated with another limited liability partnership, the new limited liability partnership which arises out of the amalgamation. (g) when a company has entered into a contract and subsequently becomes amalgamated with another company, the new company which arises out of the amalgamation; (h) when the promoters of a company have, before its incorporation, entered into a contract for the purposes of the company, and such contract is warranted by the terms of the incorporation, the company: Provided that the company has accepted the contract and has communicated such acceptance to the other party to the contract.
‘A’, ‘B’ and ‘C’ entered into a partnership by making investments in the ratio 5:2:9, respectively. At end of the year, if the difference be...
‘A’ invested Rs. 3600 for ‘x’ months while ‘B’ invested Rs. 600 less amount than ‘A’ for (x + 2) months....
'X' and 'Y' invested 'a + 2400' and '2a', respectively, to launch their businesses. 'X' withdrew half of his money four months later. Determine 'X's inv...
‘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...
A and B started a business. After 3 years they received Rs 1245 as profit in which A's share is Rs 720, then find the ratio of investment of A and B.
Mayank and Manoj started a business with investing capital in the ratio of 8:15. After 4 months, Mayank reduced his (1 )/(4 ) portion of the capital and...
Anil started a business by investing some money and Mukesh invested Rs. 10000 more than that of Anil. Anil remained in business for 5 months and Mukesh ...
Ram and Lakhan started a business by investing Rs. 72000 and Rs. 90000 respectively. After 4 months Lakhan withdraws 4/9 of his investment. In 5 months...
A and B together started a business with initial investment in the ratio of 4:5, respectively. The time-period of investment for A and B is in th...
Raj, Sam, and Tina began a business with initial investments in the ratio 6:5:4 respectively. After one year, Tina, Raj, and Sam made additional investm...