Indian Contract Act - Study Mode
[#1306] In case of co-sureties, release of one surety by the creditor
Correct Answer
(B) Does not amount to discharge of other sureties
[#1307] Ramesh employs Suresh to beat Mahesh. Ramesh promises to indemnify Suresh against all the consequences of the act. Suresh beats Mahesh and has to pay damages to Mahesh for the beatings committed upon him.
Correct Answer
(B) Ramesh is not liable to indemnify Suresh for those damages
[#1308] Quid pro quo means . . . . . . . . :
Correct Answer
(A) Something in return
[#1309] A applies to a banker for a loan at a time when there is stringency in the money market. The banker declines to make the loan except at an unusually high rate of interest. A accepts the loan on these terms.
Correct Answer
(A) The contract is valid and not induced by the undue influence
[#1310] Where a contract consists of reciprocal promises and such reciprocal promises are to be simultaneously performed:
Correct Answer
(B) Promisor need not perform his part of promise unless promisee is ready and willing to perform his reciprocal promise