Question
Circumstance including possibility of loss or no loss
but no possibility of gain is termed as?Solution
Pure risk, also known as absolute risk, is a category of hazard in which the outcomes are a loss or no loss, and there is no opportunity for gain. ... There are products available to mitigate pure risk hazards, such as homeowners insurance, which helps protect homeowners against the destruction of their homes.
What is the liability of co-surities bound in different sum as per the Contract Act?
A promissory note, bill of exchange or cheque drawn or made in India and made payable in, or drawn upon any person resident in, India shall be deemed to...
The question is, whether A committed a crime at Calcutta on a certain day.
The fact that, on that day, A was at Lahore is relevant.
Whi...
What is the prescribed time limit for the Rent Control Court to dispose of a complaint filed under the Maharashtra Rent Control Act?
What are the various ground on the basis of which RBI may cancel a licence granted to a banking company?
What is the full form of WTO?
Maximum paid up capital in case of public company
In which case, while fastening the liability on the accused, the Court stated that – “They also serve who only stand and wait”?
Whoever intentionally puts any person in fear of any injury to that person, or to any other, and thereby dishonestly induces the person so put in fear t...
As per Partnership Act, A minor :
