Discharge of agreement by lapse of time

answered 16 hrs ago

In the video it has been said that there are different periods for different debt What are the different types of debt and their time period [video Time Stamp: 13:43]

latest answer

A loan given to relatives and friends and secured by collateral This type of loan does come under the limitation act 1963

Gurukanta Singh

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8

Restoration of benefits under void agreement sec 55

answered 2 days ago

In the example of a family gathering where the husband and wife booked a caterer and a hotel for stay Due to certain circumstances the caterer and hotel management does not come up on that day The advance has been paid In such a case the token money is refunded or not if a contract is rescind by the caterer and hotel management [video Time Stamp: 10:59]

latest answer

If the caterer of the hotel rescinds the contract they will have to refund the amount. The forfeiture is in case where the couple cancels the contract. The caterer or hotel management will also be liable to pay additional compensation for cancellation from their side.

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CA Foundation

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15

Order of performance

answered 2 days ago

A person is ready to buy a house worth ₹2 crore In contract order of performance is mentioned but the purchaser is ready to pay the 50% before registration and remaining 50% at time of registration Order of performance( condition registration will be done when 40% or more is received) 25% at base creation 25% when walls are made 25% at time of interior design 25% at time of handover In this case there will be a breach of contract or not as purchaser is not following the order of performance

latest answer

If the developer agrees to the purchaser's revised payment plan then it will not be considered as a breach of contract, however if the seller insists on the original schedule, the purchaser’s failure to follow it gives the seller the right to terminate or delay obligations.

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CA Foundation

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16

Section

answered on 30-Jun-25 12:12

The section mentioned in video after legal representatives is 40 or 48 [video Time Stamp: 11:03]

latest answer

It is Section 40.

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CA Foundation

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25

What is meant by breach of contract.?

answered on 27-Jun-25 20:32

What happens if a contract is breached between parties?

latest answer

👍

Bhavagna reddy Puli

CA Foundation

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31

Restraint of marriage

answered on 25-Jun-25 10:23

As per the provision Agreement in restraint of marriage of any person other than minor is void But an agreement with minor is void ab initio which conflicts with the provision of restraint of marriage of minor

latest answer

With means - you are entering into a contract with the person. A minor cannot enter into a contract and hence void. of minor means - we / the parties, are restraining the marriage of the minor.

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CA Foundation

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37

Fema act 1999

answered on 23-Jun-25 13:38

In this que of simphnic limited , I think calculation is done very differently if we compare with actual provisions so can anyone pls check and tell wheather it is right or not

latest answer

The suggested answer is not correct. The amount has to be Higher of 5% of investment bought or USD 1,00,000. In the given case USD 1,10,000 is within the limit.

Samarth Kshatriya

CA Inter

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47

Law

answered on 22-Jun-25 15:20

Law is a set of obligations and duties imposed by the government for securing welfare providing to society

latest answer

Nahi ban raha hai

Sonu Kumar

CA Foundation

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27

Doubt on the clause of fraud

answered on 25-Jun-25 14:26

Does this is applicable in oral agreement between friends or family ------A promise made without any intention of performing it-------

latest answer

Yes, you can sue your friend and recover your agricultural land and compensation.

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CA Foundation

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29

Trading with enemy

answered on 25-Jun-25 14:20

A person from india entered into a agreement with a person of China in 2015 in a situation where war is not happening Due to certain circumstances a war happened between india and china in 2019 Agreement was valid till 2022 in these situation the agreement will be a valid or void

latest answer

Yes

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CA Foundation

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