Question
Which one is not the exception of Ex nudo pacto non
oritio action'Solution
"Ex nudo pacto non oritur actio" means a contract without consideration is not enforceable, but there are exceptions to this rule under Section 25 of the Indian Contract Act, namely:
- Natural love and affection (if written and registered)
- Compensation for past voluntary services (involuntary/past services)
- Promise to pay a time-barred debt
- Completed gift
- Agency contracts are also exceptions (no consideration needed for creation of agency).
A policy that covers the cost of repairing or replacing damaged machinery is:
What is the abbreviation of GAAR?
Rajiv Gandhi Stadium of which city will be upgraded as Khelo India State Centre of Excellence under the Khelo India Scheme?
What covers professionals for negligence and errors or omissions that injure their clients?
The role of a risk engineer in the insurance process is to:Â
A person who investigates claims and recommends settlement options based on estimates of damage and insurance policies held is called?
Which of the following is a central index server that offers de-duplication services and acts as a KYC repository?
The part of the policy that is specific to each insured individual is:
The IRDA opened up the market in August 2000 with the invitation for application for registrations. Foreign companies were allowed ownership of up to __...
Third-Party Administrators (TPAs) are primarily involved in:
