A sells the goodwill of his business to B and agrees with him to refrain from carrying on a similar business within specified local limits. This contract is

Related MCQs

• In commercial transactions, time is considered to be of the essence of contract, and if the party fails to perform the contract within specified time, the contract becomes
• A agrees to pay Rs.1000 to B if a certain ship returns within a year. However, the ship sinks within the year. In this case, the contract becomes
• Anuj agrees to pay Rs10,000 to Manoj if a certain ship returns within a year. However, the ship sinks within the year. In this case, the contract becomes:
• A threatens to kill B if he does not agrees to sell his scooter from him for Rs.1000. Here B’s consent is obtained by
• A agrees to pay Rs.1,00,000 to B if he brings a star from the sky. This is a contingent contract and
• A contingent contract dependent on the non happening of specified uncertain event within fixed time can be enforced if the event
• A and B both believe that a particular kind of rice is being sold in the market@Rs.3000 per quintel and A sells rice of that kind to B @3000/quintel. But in fact, the market price was Rs.4000, the contract is
• When after the formation of a valid contract, an event happens which makes the performance of contract impossible then the contract becomes
• A agrees to sell his car worth Rs. I00000 lakh to B for rs.20000 and A’s consent was obtained by coercion. Here, the agreement is;
• A agrees to sell his car to B at a price which B may be able to pay. This agreement is