Page 31 - DMGT407Corporate and Business Laws
P. 31
Corporate and Business Laws
Notes 15. A enters into a contract with B for the supply of 800 tonnes of iron ore within 4 months. A
fails to make the delivery in time owing to difficulty in transport. But he admitted the
availability of iron-ore in the market at a higher price. Can A take the plea of the
impossibility of the performance? Justify.
Answers: Self Assessment
1. an agreement 2. two
3. 75 4. Indian Contract
5. offeree 6. acceptor
7. Unenforceable 8. unilateral
9. counter 10. valid
11. accepted 12. silence
13. accepted 14. offeror.
15. consideration 16. promisor
17. majority 18. 68
1.12 Further Reading
Book S.S. Gulshan, Business Law, Excel Books, New Delhi, 2006.
Online links bizlaw0.tripod.com/id4.html
www.netlawman.co.in
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