Logical Reasoning Test - 5

A welfare state is a concept of government where the state plays a key role in the protection and promotion of the economic and social welfare of its citizens.

Directive Principles of State Policy promote the ideal of the welfare state by emphasizing the state to promote the welfare of people by providing them with basic facilities like shelter, food, and clothing.

The audit committee should meet at least four times in a year and not more than four months shall elapse between two meetings. The quorum shall be either two members or one third of the members of the audit committee whichever is greater, but there should be a minimum of two independent members present.

An agreement consists of reciprocal promises between at least two parties.

The Revocation of Acceptance is complete ONLY at any time before the communication of acceptance is complete as against the acceptor, but not afterwards. Revocation of Acceptance too can be either oral or written. Acceptance has to be revoked mandatorily before the same reaches the Offerer.

Straight-forward application of the principle.

Karan drank the beer based on Arjun's promise, and now Arjun must pay for the beer.

In law, this is known as the principle of promissory estoppel.

In the present case, the contract was to bring back a dead dog to life which is an impossible act. As the law says that a contract to do an impossible act is void ab initio; so, the contract between Tarun and Karan was void in law. Thus, Tarun’s action of suing Karan for a void contract would fail in the court.

In the instant case, the contract between Raj and Nitin was made which tried to restraint the legal proceedings. As any contract made to restraint, the legal proceedings are void under the law; thus, the contract between Raj and Nitin is also void and the action of Nitin suing Raj for the violation of the void contract would fail.

The principle clearly states that a master will be held liable for 'all' acts of his servant.

Hence, the act that caused the injury being that of the servant, the master will be held liable.

It is reasonable to assume that oil on a road will cause some sort of injury to someone, and hence the injury to the child is not remote.

In the present case, the contract between Rahul and Parul was never formed as Parul never conveyed her acceptance to the contract to Rahul.  Thus, she would not get any legal damages for the violation of the contract. The Legal Principle is that the acceptance of an agreement by both the parties must be absolute and unqualified in order to constitute a valid contract.

Section 5 of the Indian Contract Act, 1872 lays down the rules of Revocation of Proposal. Section 5 says that a Contract can be revoked any time before the communication of acceptance is made to the proposer and not afterward. Once the communication of acceptance is made then the contract cannot be revoked.