Indian Contract Act - Study Mode
[#116] A who is a minor takes loan from B. On attaining majority. A executes a bond in favour of B for the loan taken during the minority. Is A liable?
Correct Answer
(D) A is not liable as he cannot ratify the agreement on attaining majority
[#117] In case of acceptance by post, at what point the acceptance is complete as against the proposer?
Correct Answer
(A) When the letter of acceptance is put in the course of transmission so as to be out of power of the acceptor
[#118] A' a tradesman, leaves goods at B's house by mistake. 'B' treats the goods as his own. Which one of the following remedies is available to 'A'?
Correct Answer
(B) B' is bound to pay to 'A' for goods
[#119] X owes Rs. 10,000 to Y under a contract. It is agreed between X, Y & Z that Y shall henceforth accept Z as his debtor instead of X for the same amount. Old debt of X is discharged and a new debt from Z to Y is contracted. This is:
Correct Answer
(C) Novation of contract
[#120] A' says to 'B' that he will give a sum of rupees 5000 if B marries his daughter. This is:
Correct Answer
(C) Contingent Right