Indian Contract Act - Study Mode
[#591] The surety stands discharged
Correct Answer
(D) In A, B & C above
Explanation
Solution: The surety is discharged in the following circumstances: By Revocation: A surety can revoke the guarantee for future transactions by giving notice to the creditor. However, he remains liable for past transactions. By Death: Unless there is a contract to the contrary, the death of the surety operates as a revocation of a continuing guarantee in respect of future transactions. By Variance in Terms: If the terms of the contract between the principal debtor and the creditor are changed without the consent of the surety, then the surety is discharged from liability as he did not agree to the new terms. Hence, the surety stands discharged in all the scenarios mentioned in options A, B, and C.
[#592] The mode of communicating or revoking recession of voidable contract will be according to which Section of the Indian Contract Act, 1872?
Correct Answer
(C) Section 66
[#593] A' in consideration that 'B' will employ 'C' in collecting the rent of B's Zamindari, promises 'B' to be responsible to the amount of Rs. 5,000 for the due collection and payment by 'C' of those rents. This is:
Correct Answer
(C) Continuing guarantee
[#594] Agreement in restraint of marriage is:
Correct Answer
(C) Void
[#595] In Carlil v. Carbolic Smoke Ball Co. the definition of "Wagering Agreement" was given by:
Correct Answer
(B) Justice Hawkins