Indian Contract Act - Study Mode

[#321] Under Indian Contract Act, which of the following contracts is not a valid contract?
Correct Answer

(B) By an oral agreement B agrees to pay time barred debt of A

[#322] The liability of bailee, as regards the goods is equivalent to that of
Correct Answer

(A) Of a common carrier

[#323] Section 74 applies to
Correct Answer

(A) Cases where the aggrieved party is seeking to recover a fixed amount on breach of contract

[#324] Which of the following deals with agreements by way of wager, void in the Indian Contract Act, 1872?
Correct Answer

(B) Section 30

[#325] A sells his property worth Rs. one crore to B for Rupees one lac. Is the contract enforceable?
Correct Answer

(D) Contract is enforceable