Ghanshyam and Afzal are good friends. They are traders and together keep on doing business transaction very often. In April 2016, they enter in a contract. Afzal has certain confidential information from his private sources about some change in prices that would affect Ghanshyam’s willingness to proceed with the contract. As per Indian Contract Act, 1872, identify which of the following is applicable.

Question

Examsnet · Accepted Answer

Correct Answer is :  Afzal is not bound to inform Ghanshyam about the change in price

AILET 2016 LLM Question Paper with answer key for online practice