Indian Contract Act - Study Mode
[#266] Mohit lends Rs. One Lakh to Som where Narain was the surety. The contract in this transaction provided that the liability of Narain is limited to Rs. 50,000. The contract is:
Correct Answer
(D) Valid
[#267] A consent is said to be free when it is not caused by:
Correct Answer
(D) All of these
[#268] When the pawnor has obtained possession of the goods pledged by him 1872, National Textile Corporation Ltd. under a contract voidable u/s 19 or 19A is of the Contract Act and if the contract is not rescinded at the time of pledge, the pawnee acquires . . . . . . . .
Correct Answer
(A) A good title
[#269] The principle contained under Section 73 of Indian Contract Act is based on:
Correct Answer
(A) Hadley v. Baxendale
[#270] What happens to a continuing guarantee in case of surety's death:
Correct Answer
(B) Revocation of the continuing guarantee with regard to future transactions