SHIVAM JHUNJHUNWALA

hi sir, in contract which consist of single promise and simulatenous performance,for eg... "A" offers reward for anyone who finds his watch he will give 500rupees. "B" comes to know about this and finds the lost watch and return it to "A". in this case "A" is promisor and "B" is promisee. so according to definition of consideration as per 2(d) "when at the desire of promisor, the promisee or any other person has done or abstained from, or does or abstains from or promises to do to to abstain from doing something, such an act, absitenance or promise, is known as consideration for the promise",... so if we look at the last word consideration is for promise.. so in the above example it is "A" who gives promise to "B" so what "A"(promisor) would be receiving would be consideration as per 2(d).. but since "B" has given performance and not any promise so what "B: would be getting i.e.500 would not be consideration as "B: is promisee and not promisor and has not made any promise and hence as per 2(D) what he receives is not consideration.... but if we understand in layman terms about contract, both the parties should receive consideration in return . but "B:" is not receiving any consideration as per 2(D).. so plz could you explain that is money received by "B" is consideration or not and if it is plz expalin


SHIVAM JHUNJHUNWALA
18 May 2021 at 20:27

Llp act liability

if a partner is liable for any wrongful acts or omission during the course of business or with the authority of llp.. then who is liable ... is it llp or the partner committing the wrongful act or omission is personally liable... and according to which section


deepak c

I have joined a MNC, they have clubbed the gratuity into my CTC part. and had indicated growth benefit for joining the company
1)As I am ending 4 years citing Pandemic and Degrowth in business, OH reduction , gave me a marching order ,in May 2021, And Claims Gratuity is after 5 years and not permissible in this case
Is There any law which can support me to claim back gratuity?

Deepak


tusharthosar
09 May 2021 at 19:54

Municipal permission ?

मेरा रेसिडेंत घर है। इस में मुझे शॉप निकाल ना है । तो क्या मुझे muncipal कॉरोशन का अनुमान लागले का उसक लीये मुझे कया करण होग ।


Bhagyashree Anvekar
08 May 2021 at 10:11

Can Society ask for money

Can Society ask for money during the pandemic. they have ended up burdening themselves with lift repair,

now they want to get a new water supply line and the are asking each member to pay 12500. But as it is a pandemic situation it is difficult for people to pay.

What needs to be done


PARDEEP KHANNA

Pls Clarify
1.whether any person can make will with respect to Ancestral Property
2 . Whether a Ancestral Property , received by Coparcener in succession or Inherited by Coparcener can be bequeathed by Coparcener by way of Creating any WILL or CODICIL for making distribution arrangements after his death in favour of person who are not even a legal heir or linear descendants
Pls support your clarification with legal rules , judicial precedent or legislative enacted law


LAVANYA VISHAKANTAMURTHY
22 April 2021 at 16:51

LLP -Partners contribution

what is the defination of contribution in case of llp? audit is applicable if its contribution exceeds 25 lacs, then whether i need to do summation of fixed as well as current capital contribution to check applicability of audit as per llp act?


SHIVAM JHUNJHUNWALA
22 April 2021 at 10:11

LLP ACT SECTION 6(2)

SIR IN SECTION 6(2) OF LLP,,

THERE ARE TWO PARTNERS "A" AND "B"
1/1/2020- PARTNER "A" DIES
NOW "B" HAS 6 MONTHS TO FIND A NEW PARTNER i.e HE HAS TIME FROM 1/1/2020-30/06/2020
HE HAS TO FIND A NEW PARTNER WITHIN THIS PERIOD.
IF HE FAILS TO FIND PARTNER HIS LIABILITY WILL BE UNLIMITED
MY QUESTION IS FROM WHCIH DATE HIS LIABILITY WILL BE UNLIMITED??


SHIVAM JHUNJHUNWALA
22 April 2021 at 10:10

Llp act section 6

in section 6 it says that "If at any time the number of partners of a limited liability partnership is reduced below two and the limited liability partnership carries on business for more than six months while the number is so reduced, the person, who is the only partner of the limited liability partnership during the time that it so carries on business after those six months and has the knowledge of the fact that it is carrying on business with him alone, shall be liable personally for the obligations of the limited liability partnership incurred during that period."

so here we take that llp had two members and one member died on 1/1/2021
so the remaining partner has 6 months i.e. 1/1/2021-30/06/2021 to find new partner or wind up
if he doesn't find a new partner, then from which date the remaining partner liability will be unlimited i.e. from 1/07/2021 or 1/1/2021


SHIVAM JHUNJHUNWALA
20 April 2021 at 20:34

INDIAN CONTRACT ACT WHAT IS PROMISE

DOES EVERY AGREEMENT NEEDS TWO PROMISE TO FORM . I MEAN TO SAY THAT EVRY CONTRACT TO FORM REQUIRES TWO RPOMISE IN IT IRRESPECTIVE OF PERFORMANCE??
i.e BOTH THE PARTIES NEED TO EXCHANGE PROMISE TO EACH OTHER OR NOT, IRRESPECTIVE WHETHER ONE HAS PEROFROMED DURING FORMATION OF CONTRACT





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