CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Steps in Trading and Settlement Procedure

X agrees to s...

Question

X agrees to sell his white horse to Y at a reasonable price. This contract is void because of _________________.

A

Unreasonableness of price

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Uncertainty of the price

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Not determination of delivery schedule

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Uncertainty of period of contract

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Uncertainty of the price
Uncertainty of consideration or object of the contract makes it void in nature. In the present case, X has agreed to sell his white horse to Y at a reasonable price. Here, the term reasonable is vague in nature and is not specified and can be said to be uncertain in nature. Hence, due to uncertainty of price, this contract is void.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Anil entered into a contract with subhash for sale and purchased of a horse which, at the time of entering into a contract, was dead without the knowledge of both the parties. As a result of this, Anil could not sell the horse as per the contract. Advise Subhash.

Q. Solve.
X is having two horses, a white and another black. X offers to sell his black horse to Y. Y not knowing that X has two horses, thinks of white horse and agrees to buy the horse. is this agreement valid?

Q. Solve.
X agreed to sell a particular horse to Y. Later on, it was discovered that the horse was dead at the time of making the contract Advise the parties.

Q. Ramesh asks his servant to sell his cycle to him at a price less than that of market price. This contract can be avoided by the servant on the ground of ________.

Q. A agrees to pay B Rs. 21,000 when B marries his sister C. B dies before he marry C. This is a ______ contract.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Steps in Trading and Settlement Procedure

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Steps in Trading and Settlement Procedure

Standard XII Business Studies

Join BYJU'S Learning Program

CrossIcon