Tuesday, October 09, 2007

Contract Act_Practical Problems_26

A agrees to sell to B "my white horse for rupees five hundred or rupees one thousand." Is the agreement valid?

No-the agreement is not valid because the terms of the agreement are not certain. There is nothing to show which of the two prices was to be given. The agreement is, therefore, void because of uncertainty. Section 29 of the Indian Contract Act, specifically declares such agreements to be void.

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