Consider the following statements:
A person is said to be of sound mind for the purpose of making a contract if at the time of making it he is:
1. of the age of majority.
2. capable of understanding the contract though unable to form a rational judgment as to its effect upon his interest.
3. capable of understanding it and of forming a rational judgement as to its effect upon his interest.
Which of the statements given above is/are correct?
A. 1 only
B. 1, 2 and 3
C. 2 and 3, only
D. 3 only
Answer: Option D
Indian Contract Act:- Gods displayed in showcase of a shop with price tag is -
A. Invitation to offer
B. Counteroffer
C. Communication
D. None of these
A. Is available to Y's representatives alone
B. Is available to Z alone
C. Is available to Y's representatives & Z both
D. Is available to Y's representatives & after the death of Z, his representatives
Moses v. Macferlan (1555-1774) is a case relating to
A. Theory of unjust enrichment
B. The right of lien
C. Test of agency
D. Doctrine of frustration
A. The active concealment of a fact by one having knowledge or belief of the fact
B. A promise made without any intention of performing it
C. The suggestion, as a fact, of that which is true, by one who does believe it to be true
D. None above
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