Question
With reference to Section 126 of The Indian Contract
Act, 1872 read the following statements and select the correct option from below: 1. Guarantee must always be written 2. A guarantee may either be either oral or writtenSolution
Section 126.  "Contract of guarantee", "surety", "principal debtor" and "creditor”- A "contract of guarantee" is a contract to perform the promise, or discharge the liability, of a third person in case of his default. The person who gives the guarantee is called the "surety"; the person in respect of whose default the guarantee is given is called the "principal debtor", and the person to whom the guarantee is given is called the "creditor". A guarantee may be either oral or written.
The principle of "Mens Rea" (guilty mind) in administrative law:
Under which section does the LLP Act provide for the removal of a designated partner?Â
Under Section 203 of the BNS, 2023, Q, a municipal corporation officer responsible for property disposal, is legally bound by his service regulations no...
The name of LLP shall consist of-
Equal Justice and Free Legal Aid. This is a …
What does the term "award" include according to the definition provided under the Industrial Relations Code?
Within what time frame must the Central Government constitute the Board of Approval after commencement of the SEZ Act?
Under Section 9(3), what binding power does the Board hold regarding the definition of manufacture?
Under Section 9 of the Civil Procedure Code, 1908, civil courts have jurisdiction to try all suits of a civil nature EXCEPT:Â
Circumstantial evidence is considered weaker evidence as compared to direct evidence
