Indian Contract Act - Study Mode
[#1056] A becomes surety to C for B's conduct as a manager of C's bank. Afterwards B and C contract, without A's permission that B shall become liable for one-fourth of the losses on overdraft. B allows a customer to withdraw and the bank losses a sum of money. To make good this loss A is-
Correct Answer
(B) Not liable
[#1057] The liability of the surety under the contract of guarantee is
Correct Answer
(C) Coextensive with that of the principal debtor
[#1058] A agrees to sell his car to B at a price which B may be able to pay. This agreement is
Correct Answer
(B) Valid
[#1059] A contingent contract
Correct Answer
(C) Becomes void when the event becomes impossible
[#1060] A guarantee obtained by misrepresentation or concealment is
Correct Answer
(A) Invalid