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    mr. ram lal birla was a big businessman of pune city having two sons and one married daughter. he decided to gift his house to his daughter. for this purpose, he called his lawyer at his house and made a written document for such gift. the lawyer advised him to get the transfer document properly registered. when they both were going for registration of document, they met with an accident, and both of them died. later, the daughter found the document and claimed the house on the basis of that document. explain, whether she can get the house as gift under the indian contract act, 1872?

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    get mr. ram lal birla was a big businessman of pune city having two sons and one married daughter. he decided to gift his house to his daughter. for this purpose, he called his lawyer at his house and made a written document for such gift. the lawyer advised him to get the transfer document properly registered. when they both were going for registration of document, they met with an accident, and both of them died. later, the daughter found the document and claimed the house on the basis of that document. explain, whether she can get the house as gift under the indian contract act, 1872? from screen.

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    03-08-20211LIVE COACHING CLASSESBOARD OF STUDIES(A), ICAICA FOUNDATIONTOPIC NAME – DESCRIPTIVE QUESTIONSPAPER 2: SEC-A BUSINESS LAWSFaculty Name: CA Sudeep Kumar Jain3 August 2021© THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA2How To Secure50+ Marks inBusiness Laws Out of 60 Marks

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    03-08-202143 August 2021© THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA7KEY POINTS1.Preparation of Notes: (Quality, Proper presentation)2.Practice questions in Proper way.3.Time Management4. Use Black Pen for practice but notes should becolorful.5. Mock Tests of ICAI3 August 2021© THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA8EXAMINATION HALL1.Be Relaxed and say to yourself that you know everythingas you have revised your course 4 times.2.Read Question paper carefully.3. Select the question which you have to be solved first.4. Marking Question Number Properly5. Mentioning Section or Case Law

    03-08-202153 August 2021© THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA9© THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA9© THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA9Presentation of Descriptive QuestionThree Parts:1. Concerned Law Provisions2. Facts of the case3. Conclusion3 August 2021© THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA10Communication of Acceptance

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    Principle: Contract is an agreement entered into between the parties.Factual Situation: Ramlal was a dealer in cement. The Government of India, by an order issued under the Essential Commodities Act, fixed the price of cement and also, the quantity which a person can buy from the dealer, Ramlal carried on his business under this new order for sometime, but he refused to pay sales tax on his sales transactions on the ground that these were not the contracts freely entered into by him.

    Click here👆to get an answer to your question ✍️ Principle: Contract is an agreement entered into between the parties.Factual Situation: Ramlal was a dealer in cement. The Government of India, by an order issued under the Essential Commodities Act, fixed the price of cement and also, the quantity which a person can buy from the dealer, Ramlal carried on his business under this new order for sometime, but he refused to pay sales tax on his sales transactions on the ground that these were not the contracts freely entered into by him.

    Join / Login Class 12 >>Legal Studies >>Topics of Law >>Law of Contracts

    >>Principle: Contract is an agreement ente

    Principle: Contract is an agreement entered into between the parties.

    Question

    Factual Situation: Ramlal was a dealer in cement. The Government of India, by an order issued under the Essential Commodities Act, fixed the price of cement and also, the quantity which a person can buy from the dealer, Ramlal carried on his business under this new order for sometime, but he refused to pay sales tax on his sales transactions on the ground that these were not the contracts freely entered into by him.

    A

    Ramlal would succeed because free consent between the parties were there despite the restriction on price and quantity

    B

    Ramlal would not succeed because free consent between the parties were there despite the restriction on price and quantity

    C

    Ramlal would succeed because the government under the new order, forced him to enter into contracts

    D

    None of the above

    Medium Open in App

    Updated on : 2022-09-05

    Solution Verified by Toppr

    Correct option is D)

    Is correct as sales tax is the tax levied by the government which is binding on all the persons encompassed under its rulings. Firstly sales tax does not come under contract law further any individual contract can't have an effect on salestax so Ramlal cannot avoid its liability to pay salestax.

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    Given below are Legal Principles followed by a Factual Situation. Apply the principles followed by a factual Situation. Apply the principle to it and select the most appropriate answer for question among the four choices given.

    1 0 SIMILAR QUESTIONS

    LEGAL PRINCIPLE: A  contract is an agreement freely entered into between the parties.

    FACTUAL SITUATION: Sharat is a dealer of wheat. The Government issued an order under the Essential Commodities Act, 1955 for fixed price of wheat and also the quantity which a person can buy from the dealer. Sharat carried on his dealership under the order of a while but he refused to pay VST on his sale transactions on the ground that these were not the contracts freely entered into by him.

    Given below are Legal Principles followed by a Factual Situation. Apply the principles followed by a factual Situation. Apply the principle to it and select the most appropriate answer for question among the four choices given.

    DECIDE. Hard View solution >

    LEGAL PRINCIPLE: Contract is an agreement freely entered into between the parties.

    FACTUAL SITUATION: Ramlal was a dealer in cement. The Government of India, by an order issued under the Essential Commodities Act, fixed the price of cement, and also the quantity which a person can buy from the dealer. Ramlal carried on his business under this new order for sometime, but he refused to pay sales tax on his sale transactions on the ground that these were not the contracts freely entered into by him.

    Given below are Legal Principles followed by a Factual Situation. Apply the principles followed by a factual Situation. Apply the principle to it and select the most appropriate answer for question among the four choices given.

    Decide. Hard View solution >

    LEGAL PRINCIPLE: An agreement is void and unenforceable if considerations and objects are unlawful.

    FACTUAL SITUATION: A enters into an agreement with B for ten countrymade pistols and ten landmines. A promises to pay a sum of Rs. 2,50,000 to B. He paid 75,000 in advance. On completing the work and handing over the materials as required, A refuses to pay the remaining sum of Rs. 1,75,000 to B.

    Given below is a statement of legal principle followed by a factual situation. Apply the principle to the facts given below and select the most appropriate answer.

    DECIDE. Hard View solution >

    Legal Principle: Contract is an agreement freely entered into between the parties. But when consent to an agreement is obtained to undue influence, the contract is voidable at the option of the party whose consent was so obtained.

    Factual Situation: The pragya had been worked for a business man Anurag since the age of 18, working for a range of Anurag's businesses. In 2000, (aged 21) Pragya purchased a flat. In 2005, Mr. Anurag's business was facing financial difficulties, and he asked Pragya to offe up her flat as financial security against an overdraft facility for the business. In July of that year, the banks solicitors wrote to Pragya, advising that she should take Independent legal advice before putting her property up as a security for the debt. The bank also notified Pragya that the guarantee was unlimited in both time and financial amount. Having discussed the arrangement with Anurag, Pragya was unaware of the extent of the borrowing, but was assured that her mortgage would not be called upon, and that his own properties which were also used as security would be looked at first. A charge was executed over the Pragya's property in August 2005. In 2009, Mr.s Anurag's business went into liquidation and the bank formally demanded Rs.60,24,912 from Pragya. Pragya raised the defence of undue influence - stating that Mr. Anurag had induced her to enter into the agreement, and the bank had full knowledge/ notice of this undue influence which should set aside the banks right to enforce the debt recovery against Pragya. Bank is contending that there is no undue influence.

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