Indian Contract Act - Study Mode
[#1081] Who said, "Every Agreement and Promise enforceable at law is a contract?
Correct Answer
(C) Pollock
[#1082] If the compensation agreed to be paid in the event of the breach of contract is excessive and highly disproportionate, the amount thus fixed, is called
Correct Answer
(B) Penalty
[#1083] A contract is void if
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(C) Its consideration is unlawful
[#1084] M' lends Rs. 1,00,000 to 'N'. 'P' is the surety. The contract provides that the liability of 'P' shall be limited to Rs. 50,000. The contract is
Correct Answer
(D) Valid
[#1085] A revokes his proposal made to B by telegram. Under Section 4 of the Indian Contract Act, 1872, the revocation is complete as against A when the telegram is . . . . . . . .
Correct Answer
(B) Despatched by A