Indian Contract Act - Study Mode
[#436] A' agrees to pay Rs. 1,000 to 'B' for his giving evidence in a civil suit. The contract is:-
Correct Answer
(B) Void, being opposed to public policy
[#437] The nature of an agreement made under the provisions of Section 20 of the Indian Contract Act, 1872 would be
Correct Answer
(B) Void
[#438] A proposal as defined under Section 2(a) of the Indian Contract Act, 1872, is:
Correct Answer
(D) Willingness to do or abstain from doing an act in order to obtain the assent of other thereto
[#439] X' and 'Y' jointly take a loan, from 'Z' with promise to repay the loan amount with interest within two years. Soon after taking the loan 'X' is declared as an insolvent and remains insolvent till the date of repayment of loan. 'Y' also fails to repay the loan. 'X' on account of his status as insolvent enjoys immunity from legal proceedings. In these circumstances:
Correct Answer
(B) Z' is entitled in law to sue 'Y' alone for recovery of the entire outstanding amount
[#440] Which of these contracts has three parties consisting of creditor, principle debtor and surety:
Correct Answer
(D) Contract of guarantee