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A offers to sell his car to B for Rs.3lakhs.B says, "i accept your offer. Here Rs.2lakhs in cash and a 3 months promissory note for the balance ". Is there any contract between A and B ? Give reasons. |
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Answer» no, there us no written contract signed between them. it's just a PROMISSORY note signed by B,which SHOWS that B has just PROMISED to A that he will the pay the REMAINING amount, and promises are not sure to be always completed.... |
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