Question
Ayush is a builder and stays with his family on Ganeshkhind Road, Pune. Ayush has many residential and commercial schemes going around Ganeshkhind road. Ayush
Ayush is a builder and stays with his family on Ganeshkhind Road, Pune. Ayush has many residential and commercial schemes going around Ganeshkhind road. Ayush recently purchased a plot in Model Colony.
Sudheer is underworld mafia and is engaged in many illegal businesses. After Ayush bought a plot in Model colony, Sudheer called Ayush and conveyed his desire to buy one whole floor in the commercial scheme to be commenced soon. Ayush denied the same fearing that others won't buy the property in the said premise, if they come to know that a mafia owns a floor.
One day Sudheer called Ayush and said the documents of the said premise is ready and he is willing to buy the plot instead of the floor. Ayush still denied the same. Sudheer offered double the price for the said plot and sent 50 crore rupees to Ayush house. Ayush wasn't there at home and his wife accepted the money as she was not aware of any such things going in between Ayush and Sudheer.
Meanwhile, Sudheer called up Ayush and informed that a man is waiting at his house and his wife is in his custody. He asked Ayush to visit his office and out his signatures on the document of sale of the plot. Ayush went to Sudheer's office and did the same.
Answer the following questions based on above facts:
1. Is the contract entered by Sudheer and Ayush a valid Contract?
a. Yes, It's a Valid Contract
b. No, It's a Void Contract
c. It's a Voidable Contract
d. It's an Illegal Contract
2. Which element of the Contract in the above facts are vitiating the validity of the contract?
a. Misrepresentations
b. Coercion
c. Undue Influence
d. None
3. What are essentials of a valid contract?
a. Offer, Acceptance, Consideration, Lawful object
b. Offer, Acceptance, Consideration, Lawful object, Competency of Parties.
c. Offer and Acceptance
d. Offer, Acceptance and Consideration
4. Coercion vitiates the contract as void or voidable?
a. Void
b. Voidable
c. Both
d. None
5. What kind of contract is discussed in the above facts?
a. Void Contract
b. Voidable Contract
Valid Contract
D. Contract of Sale
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