Indian Contract Act - Study Mode
[#516] Promises which form the consideration or part of the consideration for each other are called
Correct Answer
(A) Reciprocal promises
[#517] What is reasonable time for performance of a contract
Correct Answer
(A) Is a question of fact
[#518] A guarantee
Correct Answer
(C) Can be oral or in writing
[#519] In which of the following sections, the Indian Contract Act embodies the rule of Clayton's case relating to appropriation of payments?
Correct Answer
(B) Section 59
[#520] "Continuing Guarantee" has been defined
Correct Answer
(B) Under Section 129 of the Indian Contract Act