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Liability for necessaries

Corporate & Other Laws

answered 7 hrs ago

For example I have provided all basic necessities of ₹800000 to a minor(Shyam) till attaining age of majority 18 yrs Minor has a property of ₹1000000 which was given by his father as a birthday gift but due to any condition the father of minor died Before death of minors father There was an agreement between the minor father(Raghav) and uncle(Raghu) of the minor stating that the property is given to Raghu till the time where Shyam has not attained the majority when Shyam attains the majority the property has to be transferred from Raghu to Shyam on the same date. Shyam is beneficiary to contract. Can I be able to be reimbursed in situation 1 Property is transferred 2 Property not transferred but that agreement is with Shyam and Shyam wants that I should be compensated for those expenses which I have made on him

latest answer

Raghu here is only assigned as thee caretaker of the property the ownership of property is not transfered to Raghu.

Gurukanta Singh

Gurukanta Singh

CA Foundation

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21

Fema act 1999

Corporate & Other Laws

answered 6 hrs ago

In this que me milap has visited India on 1 st july 2021 ,for employment, so from this day he should be treated as residence,however in solution it is shown that he is non resident for while year , y is this so?

latest answer

But in solution it has given that he is nroi for whole year

Samarth Kshatriya

Samarth Kshatriya

CA Inter

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3

33

Doctrine of privity exemption in case of assignment of contract

Corporate & Other Laws

answered on 08-Jun-25 14:31

When benefits under a contract has been given the assignee can enforce the contract but such assignment should not involve any personal skill What this line mean such assignment should not involve any personal skill

latest answer

The line means that a contract can be assigned only if it doesn't require the original party's personal skill or talent. If the contract involves unique abilities—like singing, painting, or consulting—it cannot be transferred to someone else.

Gurukanta Singh

Gurukanta Singh

CA Foundation

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15

In case of trust

Corporate & Other Laws

answered on 08-Jun-25 14:32

As per Doctrine of privity of contract stranger to contract can file a case against party in contract or trust Case law given in video has involved family members Can this exception work where two parties in contract which are not family members but they are friends

latest answer

Yes, the exception under the doctrine of privity can apply to friends, not just family members. If the contract clearly intends to benefit a third party (like a friend), that person can sue under the trust exception. The key is the intention to benefit, not the relationship.

Gurukanta Singh

Gurukanta Singh

CA Foundation

7K+

1

20

Definition of consideration

Corporate & Other Laws

answered on 06-Jun-25 10:11

Is it possible to decode the meaning in such a way that the definition is remembered easily without mugging it by line and line. This definition given in book and video are to much complex

latest answer

Yes, it can be rephrased to make it easier.

Gurukanta Singh

Gurukanta Singh

CA Foundation

7K+

4

37

Revocation of offer but death or insanity

Corporate & Other Laws

answered on 31-May-25 08:55

Death or insanity of the proposer would result in revocation of the offer only if it comes in knowledge of acceptor If it does not comes in knowledge of acceptor does the offer will revoke or not and will it be a valid contact or void contract

latest answer

The offer is automatically revoked in case of death or insanity.

Gurukanta Singh

Gurukanta Singh

CA Foundation

7K+

1

35

obligation to parties to the contract

Corporate & Other Laws

answered on 06-Jun-25 10:15

The given example of wax artist, since the scultpture can't be made does Mr.Ambani can recover his the sum of amount that he paid?

latest answer

Yes, he can claim the amount which he has paid as the contract is automatically rescinded.

Manoj R

Manoj R

CA Foundation

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1

27

Objection on two cases

Corporate & Other Laws

answered on 09-Jun-25 08:39

Lily White vs R mannuswamy The decision was in favour of Lily as the condition was not reasonable Mukul Datta vs Indian airlines The decision as per video is in favour of Indian airlines stating that the passenger has accepted the condition But as per official data of the supreme court of India the decision is in favour of mukul Datta with a compensation In both cases conditions should be reasonable In case of mukul Datta vs Indian airlines the condition should be reasonable which is not What should be the final judgement in case of mukul data and if yes why condition should be reasonable in case of mukul Datta

latest answer

Yes it is a case of tacit acceptance.

Gurukanta Singh

Gurukanta Singh

CA Foundation

7K+

4

44

Which provision will come

Corporate & Other Laws

answered on 28-May-25 11:14

Which contract is this and what would be the answer in this

latest answer

It is implied communication of offer and implied acceptance.

Preeti Prajapati

Preeti Prajapati

CA Foundation

0

1

47

Appropriation of payments

Corporate & Other Laws

answered on 28-May-25 11:14

Here,there is a payment of 12500rs that is paid to the creditor and there is a debt of 12500 rs.should we consider the amount of 12500 paid to clear the debt of 12500 rs or should we consider that amount is paid to clear the time barred debts? Pls provide the complete answer for this question

latest answer

Since no direction has been given on how to appropriate the payments the payment received can be appropriated against time barred debts.

likhith c

likhith c

CA Foundation

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1

41

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