Q- Consider the following statements-1- In Futures contracts private agreement takes place between two parties which are not as rigid in their stated terms and conditions-2- In Forward contracts- settlement of the contract occurs at the end of the contract-Which of the statements given above is-are correct-

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Standard XI

Business Studies

Principles of Insurance

Q. Consider t...

Question

Q. Consider the following statements:
Which of the statements given above is/are correct?

1 only

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2 only

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Both 1 and 2

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Neither 1 nor 2

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Solution

The correct option is B
2 only
Explanation:

Statement 1 is incorrect: Forward contracts are private agreements between two parties and are not as rigid in their stated terms and conditions.

Statement 2 is correct: In Forward contracts, settlement of the contract occurs at the end of the contract.

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Similar questions

Q. Identify which of the following statement is true and which is false.
L. The Court will not enforce a contract the terms of which are uncertain.
M. An agreement to agree in the future constitutes a binding contract.
N. A contract with an intention to contract is not a contract.

Select the correct answer from the options given below-

L M N

Q18. Consider the following statements:

1. A commodity derivatives market or exchange is a public marketplace where commodities are contracted for purchase or sale at an agreed price.

2. These purchases and sales are made under the terms and conditions of a standardized futures contract.

Which of the following statements are correct?

Statements

I.All agreements are contracts.

II.All contracts are accepted offers.

Which of the following derivations is correct?

Q. Q. With reference to ‘Forward contracts’, consider the following statements:Which of the statements given above is/are correct?

Q. 'फॉरवर्ड कॉन्ट्रैक्ट्स' के संदर्भ में, निम्नलिखित कथनों पर विचार कीजिए:

ये भविष्य की तारीख में एक निर्धारित मूल्य पर संपत्ति खरीदने या बेचने के लिए दो पक्षों के बीच अनुकूलित अनुबंध हैं।
ये एक केंद्रीकृत विनिमय पर कारोबार करते हैं।
अनुबंधों (कॉन्ट्रैक्ट्स) का निपटान अनुबंध के अंत में होता है।

उपर्युक्त कथनों में से कौन सा/से सही है/हैं?

2 only
केवल 2
1 and 3 only
केवल 1 और 3
1, 2 and 3
1, 2 और 3
1 only
केवल 1

This act governs the signing of contracts. It lays down the conditions under which promises made between parties are legally binding. The act covers the various parts of contract formation as well as the remedies available to parties in case of breach of contract.

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Q. Consider the following statements: Which of the statements given above is/are correct?

The correct option is B 2 onlyExplanation: Statement 1 is incorrect: Forward contracts are private agreements between two parties and are not as rigid in their stated terms and conditions. Statement 2 is correct: In Forward contracts, settlement of the contract occurs at the end of the contract.

Q. Consider the following statements:
Which of the statements given above is/are correct?

The correct option is B
2 only
Explanation:

Statement 1 is incorrect: Forward contracts are private agreements between two parties and are not as rigid in their stated terms and conditions.

Statement 2 is correct: In Forward contracts, settlement of the contract occurs at the end of the contract.