Indian Contract Act - Study Mode

[#521] A contract between an insurance company and vehicle owner to save the later from consequences of a vehicular accident is a contract of
Correct Answer

(D) Indemnity

[#522] Whether release of one co-surety discharge the others
Correct Answer

(B) No

[#523] Which one of the following agreements is held to be opposed to public policy?
Correct Answer

(A) The arbitration clause for the application of foreign law

[#524] Extent of surety's liability has been provided under contract Act in:-
Correct Answer

(D) Section 128

[#525] A owes Rs 1 lakh to B. B is entitled to recover this amount from A. This is called
Correct Answer

(A) Rights in Personam