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).
Personal and business property coverage combining several types of property insurance in one policy is called?
The 'Third-Party Liability' cover in a motor insurance policy is mandatory in India as per the:
In which year General Insurance Corporation of India ( GIC ) notified as the Indian Reinsurer?
The central office of the Life Insurance Corporation of India (LIC) is located at?
Which type of policy is offered by an insurer for covering jewellery?
The fixed income that one gets after the retirement is also known as ________.Â
What is NOT an element of an insurance contract?
Consider the following statement:
I. Section 25 of IRDAI Act, 1999 lays down for establishment of Insurance Advisory Committee.
II. I...
The primary categories of insurance business in India are:
A policy that covers the cost of repairing or replacing damaged plant and machinery during construction or erection is:
