What is contract of indemnity:
A. A contract by which one party promises to save any third party from loss caused to that party by the contract of the promisor himself, or by the conduct of any other person
B. A contract by which one party promises to provide insurance to the other in order to cover up any losses that may arise in the contract
C. A contract by which one party promises to save the other from loss caused to him by the contract of the promisor himself, or by the conduct of any other person
D. A contract in which one party appoints a guarantor to cover up any losses that may arise in the contract
Answer: Option C
This Question Belongs to Law >> Indian Contract Act
Indian Contract Act:- Gods displayed in showcase of a shop with price tag is -
A. Invitation to offer
B. Counteroffer
C. Communication
D. None of these
A. Is available to Y's representatives alone
B. Is available to Z alone
C. Is available to Y's representatives & Z both
D. Is available to Y's representatives & after the death of Z, his representatives
Moses v. Macferlan (1555-1774) is a case relating to
A. Theory of unjust enrichment
B. The right of lien
C. Test of agency
D. Doctrine of frustration
A. The active concealment of a fact by one having knowledge or belief of the fact
B. A promise made without any intention of performing it
C. The suggestion, as a fact, of that which is true, by one who does believe it to be true
D. None above
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