BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Indian contract Act is now applicable to Union territory of Jammu & Kashmir and Ladakh due to revocation of
A
Article 260
B
Article 270
C
Article 370
D
Article 360
Explanation: 

Detailed explanation-1: -It is applicable to all the states of India. It determines the circumstances in which promises made by the parties to a contract shall be legally binding.

Detailed explanation-2: -The Jammu and Kashmir Reorganisation Act, 2019 is an act of the parliament of India containing provisions to reconstitute the Indian-administered state of Jammu and Kashmir into two Indian-administered union territories (UTs) called Jammu and Kashmir, and Ladakh, and becoming effective on 31 October 2019.

Detailed explanation-3: -Jammu and Kashmir was administered by India as a state from 1952 to 31 October 2019, and Article 370 conferred on it the power to have a separate constitution, a state flag, and autonomy of internal administration.

Detailed explanation-4: -The revocation of Article 370 was passed by an overwhelming majority of support in the Indian parliament. It has attracted not only the support of the Hindu nationalist parties such as the BJP, but many other Indian political parties that typically oppose the BJP.

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