Question:

A party cannot avail the benefit of Doctrine of Fairness to alter the terms of contract because it is presumed that if a commercial contract is taking place under a statute:

Updated On: Aug 4, 2024

parties have an equal bargaining power
parties voluntarily agreed to the terms
parties take absolute liability to fulfil the contract
All of the above

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The Correct Option is D

Solution and Explanation

The correct answer is option (D):All of the above .

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Questions Asked in AILET LLM exam

Match the following

I. Arbitration of excepted matters	1. A. Ayyasamy v. A. Paramasivam, (2016) 10 SCC 386
II. Conditional Arbitration Clauses	2. In re - Interplay between Arb Agreements and Stamp Act 2023 INSC 1066
III. Separability of Arbitration Agreement - Kompetenz Kompetenz	3. Vulcan Insurance Co Ltd v. Maharaj Singh and Anr (1976) 1 SCC 943
IV. Arbitrability of fraud	4. Mitra Guha Builders (India) Co v. ONGC (2020) 3 SCC 222

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AILET LLM - 2025
Arbitration Law

Match the following

I. Uti Possidetis	1. Principle in customary international law providing that where there has been a fundamental change of circumstances since an agreement was concluded, a party to that agreement may withdraw from or terminate it.
II. Pacta Sunt Servanda	2. Two or more states equally exercise sovereignty with respect to a territory and its inhabitants.
III. Condominium	3. Doctrine that territory remains with the possessor state at the end of war or occupation unless otherwise determined by a treaty or an agreement.
IV. Rebus Sic Stantibus	4. Proposition that treaties are binding upon the parties to them and must be performed in good faith.

Select the correct option:

AILET LLM - 2025
Public International Law

“Associate company” in relation to another company means a company:
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