Hello friends. In this blog I am sharing some short question and answers regarding Indian Contract Law.
Image Credit: giphy.com
========
Q. 1. Define "ab initio"
A. Ab initio is a Latin term meaning "from the beginning" and is derived from the Latin ab ("from") + initio, ("beginning").
Q 2. What is "void ab initio".
A. The term "void ab initio" means "to be treated as invalid from the outset." E.g., in many jurisdictions, if a person signs a contract under duress, that contract is treated as being "void ab initio".
Q 3. For which type of contracts a minor is bound?
A. A minor is bound for the beneficial contract.
Q 4 What is a beneficial contract?
A. The beneficial contracts are those contracts which are for the benefit of minor.
Q 5 Which was first case of beneficial contract?
A. S. Subramanyam v/s Subha Roy-1948
Q 6 Enlist the various beneficial contracts?
A. Following are the beneficial contracts for a minor:
A. Section 68 of ICA, 1872 describes the contract of necessities.
Q 8 Is minor liable to compensate for the contract of necessities? When?
A. The minor is liable to compensate for the contract of necessities when he attains majority.
Q 9. Define the majority.
A. In India a person attains his or her majority at the age of 18 years.
Thanks for reading till the end. Please share this blog with all law students.
==========
==========
Image Credit: giphy.com
========
Q. 1. Define "ab initio"
A. Ab initio is a Latin term meaning "from the beginning" and is derived from the Latin ab ("from") + initio, ("beginning").
Q 2. What is "void ab initio".
A. The term "void ab initio" means "to be treated as invalid from the outset." E.g., in many jurisdictions, if a person signs a contract under duress, that contract is treated as being "void ab initio".
Q 3. For which type of contracts a minor is bound?
A. A minor is bound for the beneficial contract.
Q 4 What is a beneficial contract?
A. The beneficial contracts are those contracts which are for the benefit of minor.
Q 5 Which was first case of beneficial contract?
A. S. Subramanyam v/s Subha Roy-1948
Q 6 Enlist the various beneficial contracts?
A. Following are the beneficial contracts for a minor:
- Contract of Insurance
- Contract to purchase of the immoveable property
- Contract of service
- Contract of apprentice ship
- Contract of Marriage
- Contract of Necessities
A. Section 68 of ICA, 1872 describes the contract of necessities.
Q 8 Is minor liable to compensate for the contract of necessities? When?
A. The minor is liable to compensate for the contract of necessities when he attains majority.
Q 9. Define the majority.
A. In India a person attains his or her majority at the age of 18 years.
Thanks for reading till the end. Please share this blog with all law students.
==========
==========
No comments:
Post a Comment