An agreement which is enforceable at the option of one or more parties thereto but not at the option of other or others is called

Related MCQs

• Which of the following agreement is wagering agreement under the Indian Contract Act, 1872?
• If the agreement is made by obtaining consent by doing an act forbidden by the Indian Penal Code, the agreement would be caused by:
• A sort of tacit understanding/agreement among the intending bidders to stifle competition by not bidding against each other in an auction sale is called as
• X and Y agree to divide the profits of a business in equal shares but the loss if any is to be borne by X only. The partnership agreement is
• Which one of the following is not the feature of “agreement to sale”?
• X sells the goodwill of his retail store to Y for `5 lacs and promises not to carry on the same business for ever and anywhere in India. This agreement is:
• A person who is not a partner of a Partnership Firm, but he may liable for firm’s debt as if he was a Partner. Such a person is called
• Business ethics are needed to create a faith about the quality, quantity, price etc. of products. The customers have more trust and faith in the businessmen who follow ethical rules. They feel that such businessmen would not cheat them. Which one of the following is appropriate for it?
• In the absence of Partnership agreement, the Partner has
• Holders of public office should not place themselves under any financial or other obligation to outside individuals or organizations that might influence them in the performance or their official duties. This principle of public life is called