BUSINESS LAW 957

[LAW CASE STUDIES] November 10, 2013 A and B are friends. B treats A during A's illness but does not accepts payment from A for the treatment and A promises B's son X to pay him Rs. 1000. A being poor is unable to pay. X sues A for the money can X recover. Ans : The given case is under the chapter of consideration where the agreement between X and A are not in the contract in the absence of consideration. The agreement can be call it as contract if there is a consideration present in contract between 2 people. In this case B treats A during his illness but it's not a valid consideration since it is a voluntary action performed by Mr. B Judgement : The agreement between X and A is not the contract in the absence of a consideration. In this case X father B voluntarily treat A during his illness apparently it is not a a valid consideration because it is voluntary, whereas consideration to be valid must be given at the desire of the promisor under section 2(D) if it is a promise to compensate a person who has voluntarily owe something from the promisor, as per the exceptions the promisor must be to compensate a person who has himself done something from the promisor and not to a person who has done nothing to the promisor as the son X to whom the promisor was made did nothing for A so A's promise is not enforceable even under the exception. Therefore X cant not recover the money from A CASE STUDY

1. Which from the ensuing are topographies______ of a modern economy_________

2.When no firm or consumer is great enough______to affect tsdhdfcjksdksdkhe market price, the market is assumed to have_____

3. Which from the subsequent are the consequences of defective opposition in the markets__________

4. When one event happened before another event,__________ the fallacy in economic intellectual that the first occurrence instigated the additional event is called__________

5. When we assume that what is true for the part is__________ also true for the whole, we are committing___________

6. The three important economic difficulties ___________every human humanity must antagonize and resolve are__________

7. The three important economic problems __________-of what, how, and for whom are resolved by__________

8. Fiscal policy consists of government's_______________

9. The maximum amount of goods that can be professionally shaped by________-- an family using its scarce resources and available technology is called___________

10.Which economic period is secondhand________ to amount the overall presentation of an economy_________

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