Indian Contract Act MCQ question and answer | Law MCQ question

Under the contract of guarantee, a creditor:

A saves B's property from fire. The circumstances indicated that he had done so gratuitously. Is A entitled to compensation from B?

X duly posts a letter of acceptance to Y. But the letter is lost in transit by the negligence of the post office.

A' and 'B' contract that 'A' shall build a house for 'B' at a fixed price. The order in which reciprocal promises are to be performed was not fixed. What shall be the order of performance?

If Mr. A sells a watch to Mr. X which Mr. A has obtained by inflicting undue influence on Mr. B, the title of Mr. X on the watch is

Number of ingredients of 'Promise' is-

A proposal upon acceptance becomes a

A clause of one Special Voluntary Retirement Package (SVRP) stated inter alia that once option is made, the employee making the offer cannot withdraw it. Section 5 of the Contract Act states that an acceptance may be revoked at any time before the communication of the acceptance is complete as against the acceptor, but not afterwards. Decide which of the following is true?

An agreement not to pursue any legal remedy to enforce the rights under section 28 is

Under Indian Contract Act, 1872, if the time is essence of a contract and the promisor fails to perform the contract by the specified time, the contract: