As per Section 2(h) of the RTI Act, 'public authority' means that any authority or body or institution of self-government established or constituted:
1. By or under the Constitution.
2. By any other law made by Parliament.
3. By any other law made by State Legislature.
4. By notification issued or order made by the appropriate Government.

When a party to a contract fails to perform a contract within the fixed time, then:

Assertion (A): Reserve Bank of India is an important regulatory and administrative authority to execute FEMA provisions.
Reason (R): Being monetary authority and custodian of foreign exchange, Reserve Bank of India enjoys requisite expertise of FEMA administration.
In the context of the above two statements, which one of the following option is correct?

Which of the following features is not essential for the Indian contract Act?

Which of the following are true about conditions according to the Sale of Goods Act?
1. Title
2. Description
3. Quite possession
4. Encumbrances
Choose the correct answer from the following options: