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Business Studies

Important Laws

A agrees to s...

Question

A agrees to sell to B, white horse for Rs. 50,000 or Rs. 80,000. The agreement is _________.

A

Valid

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B

Void

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C

Voidable

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D

Illegal

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Solution

The correct option is C Void
Section 29 of the Indian Contract Act, 1872 states that all agreements whose meanings cannot be ascertained are void. One of the essential ingredients of a contract under Section 10 of the Act is that the terms and conditions must be certain. In the present instance, the price is not certain.

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FACT: A horse was bought for a certain price coupled with a promise to give RS. 500 more if the horse proved lucky.

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