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