Indian Contract Act - Study Mode
[#466] A, a sixteen year old boy travelling alone in a railway train, gets down at a station and asked a vendor the rate of samosas the vendor offer Rs. 20/- a plate, the boy takes a plate. After eating samosas he refuses to pay on ground that a minor's contract is not binding. Decide the validity of contract.
Correct Answer
(B) Binding
[#467] Under Indian Law of Contract "consensus ad idem" means
Correct Answer
(A) To agree on the same thing in the same sense
[#468] A contract creates
Correct Answer
(D) Mutual lawful rights and obligations of the parties to it
[#469] Which of the following deals with agent's duty to pay sums received for principal in the Indian Contract Act, 1872?
Correct Answer
(C) Section 218
[#470] A contract to perform the promise or discharge the liability of third person in case of his default is known as:
Correct Answer
(C) Contract of guarantee