When the person making a false statement believes the statement to be true and does not intend to mislead the other party to the contract it is known as:

Related MCQs

• A minor enters into agreement representing himself to be a major consider the following statement: 1. Minor commits fraud if the other party does not have personal knowledge of his age 2. Such agreement is not enforceable 3. The doctrine of estoppel does not apply in minor's case 4. Other party is entitled to get back the benefit passed to minor, if innocent about his age Which of the statements given above are correct?
• Where there is a contract for the sale of specific goods, and the goods perish before the making of contract, without the knowledge of the seller, the contract is
• Each party to a contract is bound to perform his part of the obligation. After the parties have made due performance of the contract comes to an end. In such a case the contract is said to be discharged :
• In respect of……………Goods, the property in the goods is transferred to the Buyer at such time as the parties intend it to be transferred.
• If a contract of sale stipulates that price will be fixed by a third party on valuation of the goods, and the third party shows inability to do so, then,
• Under section 70 of the Indian Contract Act, 1872, if a person who enjoys the benefit of any other person's work, the beneficiary must pay to the benefactor for the services rendered, pro vided the intention of the benefactor was :
• The law regarding Novation, i.e., where a new contract is substituted in place of the old one by means of an agreement between the parties to a contract or between them and a third party, is contained in
• When the consent of a party to a contract has been obtained by undue influence, fraud or misrepresentation, the contract is
• When the consent of a party to the contract has been obtained by fraud, in such a case the contract is:
• A party who does not suffer any loss in case of breach of contract, is entitled to