Question
Consider the following statements and give correct answer with the help of code given below :
The case of Mohori Bibee Vs Dharmodas Ghose :
(a) has laid down that a minor's contract becomes valid when he attains majority.
(b) is the decision of the Supreme Court of India regarding minor's contract.
(c) is the decision of Privy Council regarding voidness of minor's contract.
(d) has laid down that contract without consideration is void.
Code :
The correct answer is
(c) is correct, but (a), (b) and (d) are incorrect.
Mohori Bibee Case: Statement Analysis
This question concerns the legal precedent set by the case Mohori Bibee Vs Dharmodas Ghose. Let's analyze each statement:
- Statement (a): A minor's contract is considered void ab initio (void from the beginning) under Indian law. It does not become valid once the minor reaches the age of majority. Therefore, this statement is incorrect.
- Statement (b): The Mohori Bibee case was decided in 1903. The Supreme Court of India was established in 1950. This case predates the Supreme Court and was heard by the Privy Council. Thus, this statement is incorrect.
- Statement (c): The Mohori Bibee Vs Dharmodas Ghose case was indeed decided by the Privy Council. The judgment established that an agreement or contract entered into by a minor is void. Therefore, this statement is correct.
- Statement (d): While Section 25 of the Indian Contract Act states that agreements without consideration are generally void, the specific ruling in the Mohori Bibee case focused on the status of minor's contracts being void, not on the general principle of consideration. This statement is incorrect in the context of the specific holding of this case.
Conclusion on Correctness
Based on the analysis:
- Statement (a) is incorrect.
- Statement (b) is incorrect.
- Statement (c) is correct.
- Statement (d) is incorrect.
Therefore, only statement (c) is correct.
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Important Questions from Indian Contract Act, 1872
- What are the features of Income tax Return - 1 (Sahaj)
i. Tax payers whose total income does not exceed Rs.50 lakh during the F.Y, and income assessed under the head Salary
ii. Income tax from Salary, one house property, family pension, agriculture income upto Rs.5000 can be filed
iii. ITR-1 cannot be filed by any individual who has income from business or profession.
iv. ITR -1 Sahaj is also called as ITR -1 Sugam - Which statements are correct about the provisions of Sec 40 (B) Remuneration to partners ?
i. Remuneration is allowed to working and non working partners
ii. Must be authorised by partnership deed
iii. Maximum limit
a. If book profit is negative, in case of loss Rs.1,50,000
b. In case of book profit on the first Rs.3,00,000 of book profit-1,50,000 Or 90% book profit, whichever is higher. On the balance of the book profit - 60%
iv. Maximum rate of interest is 15% - "Active concealment of fact" is associated with which one of the following?
1. Misrepresentation
2. Undue influence
3. Fraud
4. Mistake - Read Assertion (A) and Reason (R) and give the correct answer by using the code given below :
Assertion (A) : A proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, But not afterwards.
Reason (R) : Section 5 of the Indian contract Act 1872, deals with the revocation of proposals and acceptances.
Code : - Which of the following statement/s is/are correct ?
Consideration is :
(a) a price for any promise.
(b) only a moral obligation.
(c) a motive for any promise.
(d) something of value in the eye of law.
Code :
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