Mr. Rashid verbally agrees to sell his farm house to Mr. Salman for Rs 3 crores. Later he communicated again to Mr. Salman and said that I don’t want to sell my farm house at the moment. The above contract is an example of Unenforceable contract. Answer as YES OR No? Give reason to support your answer in part a.
Mr. Rashid verbally agrees to sell his farm house to Mr. Salman for Rs 3 crores. Later he communicated again to Mr. Salman and said that I don’t want to sell my farm house at the moment. The above contract is an example of Unenforceable contract. Answer as YES OR No? Give reason to support your answer in part a.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Mr. Rashid verbally agrees to sell his farm house to Mr. Salman for Rs 3 crores. Later he communicated again to Mr. Salman and said that I don’t want to sell my farm house at the moment.
- The above contract is an example of Unenforceable contract. Answer as YES OR No?
- Give reason to support your answer in part a.
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