Indian Contract Act - Study Mode

[#671] A sees that the child of B is drowning in the water. A saves the child from drowning in the water. B promises to give him Rs. 25,000. In this context, which one of the following propositions is correct?
Correct Answer

(A) B is liable because the agreement is not nudum pactum

[#672] A contract of life-insurance, the performance of which depends upon a future event, falls under the category of
Correct Answer

(A) Contingent Contract

[#673] Which provision of Indian Contract Act provides definition of free consent
Correct Answer

(B) Section 14

[#674] Which one of the following is a contract?
Correct Answer

(B) An undertaking in writing duly signed to pay the time barred debt

[#675] If only a part of the consideration or object is unlawful, the contract under Section 24 of the Indian Contract Act, 1872 shall be:
Correct Answer

(C) Void as a whole