{"id":34567,"date":"2024-04-15T09:32:42","date_gmt":"2024-04-15T09:32:42","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=34567"},"modified":"2024-04-15T09:32:42","modified_gmt":"2024-04-15T09:32:42","slug":"mr-x-writes-i-promise-to-pay-mr-y-rs-5000-7-days-after-the-death-of-mr-z-this-is","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/mr-x-writes-i-promise-to-pay-mr-y-rs-5000-7-days-after-the-death-of-mr-z-this-is\/","title":{"rendered":"Mr. X writes, &#8220;I promise to pay &#8216;Mr. Y , Rs. 5,000, 7 days after the death of Mr. Z.&#8221; This is"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Invalid&#8221; option2=&#8221;Valid&#8221; option3=&#8221;Illegal&#8221; option4=&#8221;Void&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>A. Invalid<\/strong><\/p>\n<p>A promise is a legally binding agreement between two or more parties. In order to be valid, a promise must meet certain requirements, including:<\/p>\n<ul>\n<li>The parties must have the legal capacity to enter into a contract.<\/li>\n<li>The parties must intend to be legally bound by the promise.<\/li>\n<li>The promise must be supported by consideration.<\/li>\n<li>The promise must be for a legal purpose.<\/li>\n<\/ul>\n<p>In the case of Mr. X&#8217;s promise to pay Mr. Y Rs. 5,000, 7 days after the death of Mr. Z, the promise is invalid because it does not meet the requirement of being for a legal purpose. A promise to pay money after the death of another person is considered to be a wagering contract, which is illegal in most jurisdictions.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li><strong>Invalid:<\/strong> A promise is invalid if it does not meet the requirements of a valid contract.<\/li>\n<li><strong>Valid:<\/strong> A promise is valid if it meets all of the requirements of a valid contract.<\/li>\n<li><strong>Illegal:<\/strong> A promise is illegal if it is for an illegal purpose.<\/li>\n<li><strong>Void:<\/strong> A promise is void if it is not legally binding.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Invalid&#8221; option2=&#8221;Valid&#8221; option3=&#8221;Illegal&#8221; option4=&#8221;Void&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[704],"tags":[],"class_list":["post-34567","post","type-post","status-publish","format-standard","hentry","category-legal-aspects-of-business","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mr. X writes, &quot;I promise to pay &#039;Mr. Y , Rs. 5,000, 7 days after the death of Mr. Z.&quot; 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