Question
EXAMPLE 1: A beats B and compels him to sell his bike for Rs. 20,000. Q1: Is this a valid contract? Which party can sue
EXAMPLE 1: A beats B and compels him to sell his bike for Rs. 20,000.
Q1: Is this a valid contract? Which party can sue the guilty party in case if the contract not valid?
Q2: Why this contract is not valid discuss the legal aspect for the contract to be valid?
EXAMPLE 2: A, who knows that B has stolen goods amounting to Rs.500,000, receives Rs.100,000 from B in consideration of not exposing A.
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Principles of Auditing and Other Assurance Services
Authors: Ray Whittington, Kurt Pany
19th edition
978-0077804770, 78025613, 77804775, 978-0078025617
