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Salary/Commission

Solve.X, who ...

Question

Solve.
X, who was badly in need of money offered to sell his car worth Rs. 1,00,000 to Y for Rs. 10,000. Before the car was delivered, X received an offer of Rs. 20,000 and refused to carry out the contract on the ground of inadequacy of consideration. Is X liability Y for damages?

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Solution

Solution: Section to which the given problem relates: Explanation 2 to Section 25
Decision: X is liable to Y for damages
Reason: An agreement to which the consent of the party is freely given is not void merely because the consideration is inadequate.

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Q. Solve.
X offered to sell his car for Rs.1,00,000 to Y. Y replies I will pay Rs. 90,000 for it. X refuses to sell at this price. V then attempts the original offer but X refuses to sell his car. Discuss the legal position.

Q. Principle: When there is breach of contract, the resulting damages will have to be paid by the party breaching the contract to the aggrieved party. However, the parties are free to agree as to damages payable in advance in case there is breach of contract.
Facts: Mr. Ramesh entered into a contract with Mr. Ramakrishna for selling his green Alto Car for

R s . 3

lakhs. Mr. Ramakrishna was to pay

R s . 3

lakhs on or before

25^{t h}

2005

and take possession of the car. The party failing to honour the contract has to pay

R s . 40, 000 / -

as damages to the other party. Mr. Ramakrishna has not performed his apart of the contract. Mr. Ramesh is claiming

R s . 40, 000 / -

.

Q. Legal principle :when there is breach of contract, the resulting damages will have to be paid by the party breaching the contract to the aggrieved party. However, the parties are free to agree as to damages payable n advance in case three is breach of contract.

Factual Situation: Mr. Ramesh entered into a contract with Mr. Ramakrishna for selling his green Alto Car for Rs. 3 Lakhs. Mr. Ramakrishan was to pay Rs. 3 lakhs on or before 25 April, 2005 and take possession of the car. The party failing to honor the contract has to pay Rs. 40,000 as damages to the other party. Mr. Ramakrishna has not performed his part of the contract . Mr. Ramesh is claiming Rs.40,000.

Q. Ranga buys a car for Rs 1,00,000 and spends Rs 20,000 on repairs. He rents it and earns Rs 4,000 per month. After 8 months, he sells the car for Rs 1,00,000. His total earning in rupees is

Q. When there is breach of contract, the resulting damages will have to be paid by the party breaching the contract to the aggrieved party.However, the parties are free to agree as to damages payable in advance in case there is breach of contract.
Facts: Mr. Ramesh entered into a contract with Mr.Ramakrishna for selling his green Alto Car for 3 lakhs. Mr. Ramakrishna was to pay Rs.3 lakhs on or before 25 April, 2005 and take possession of the car. The party failing to honour the contract has to pay Rs.40,000 as damages to the other party. Mr.Ramakrishna has not performed his part of the contract.Mr. Ramesh is claiming Rs.40,000.

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