Business Studies, asked by deepika18903, 3 months ago


24. A modification or revocation of the contract requires a of each contracting party, (a) Denial (b) Consensus (c)
Modification (d) Revocation​

Answers

Answered by goodhelper143
0

Answer:

C

Explanation:

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Answered by kritikag0101
0

Answer:

(B) CONSENSUS

A modification or revocation of the contract requires a CONSENSUS  of each contracting party.

Explanation:

Whenever we say that an acknowledged proposition/offer making a legitimate relationship or enforceable by regulation is a contract from a conventional perspective, it raises one more point about how an individual will acknowledge an offer/proposal.

The response is whenever he agreed to it or as such there should be consensus ad idem, a gathering of mind of both the parties to the contract. The quintessence of agreement or thus contract is a gathering of the mind of the parties. The parties to an agreement more likely than not settled upon the subject in a similar sense and at the same time. Unless there is a consensus ad idem, there can't be any contract.

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