In case of a firm carrying on the business of banking

There should be at least seven members and maximum number of members should not exceed fifty.
There should be at least two members and maximum number of members should not exceed ten.
There should be at least ten members and maximum number of members should not exceed twenty.
There should be at least two members and maximum number of members should not exceed fifty.

A contract is discharged by rescission which means the

Ordinarily, a minor’s agreement is

A minor can be :

Which of the following statement is true?

Consideration in simple term means:

Taking back of an offer or acceptance is called as :

Which of the following statement is true?

A contract with a minor is voidable at the option of the minor.
An agreement with a minor can be ratified after he attains majority.
A person who usually of an unsound mind cannot enter into contract even when he is of a sound mind.
A person who usually of a sound mind cannot enter into contract when he is of unsound mind

Which of the following statements are correct?

In the case of fraud, the person making the representation believes it to be true.
In the case of misrepresentation, the maker does not believe it to be true.
Fraud does not afford a ground for bringing an action in tort for damages; whereas misrepresentation does.
In the case of misrepresentation, the fact the plaintiff had means of discovering the truth by exercising ordinary diligence can be good defence against the repudiation of the contract but such a defence cannot be set up in the case of fraud other then fraudulent silence.

Consent is not said to be free when it is caused by __________

UnAttempted

0

Attempted

Correct

Wrong