Indian Contract Act - Study Mode
[#1201] The plaintiff sees defendant's son falling in a pond. He saves the child. Later on, the defendant promises to pay the plaintiff Rs. 1000 as reward. In this context, which one of the following propositions is correct?
Correct Answer
(C) The defendant is liable to pay Rs. 1000 to the plaintiff as the case come under section 25 of the Contract Act
[#1202] If the parties to a contract agree to substitute a new contract for it, or to rescind or alter it, the original contract
Correct Answer
(A) Need not be performed
[#1203] The bailment of goods as security for payment of a debt or performance of a promise is called
Correct Answer
(C) Pledge
[#1204] A person employed to do any act for another or to represent another in dealings with the third person is:
Correct Answer
(C) An agent
[#1205] Which one of the following essentials of contract does not find place in the Indian Contract Act, 1872?
Correct Answer
(C) Intention of contract