Question
How many parties are there in a contract of
guarantee?Solution
Contract Act Section 126 - 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.
As per the Companies Act, 2013 a Company means_____________
The Employees Provident Fund and Miscellaneous Provisions Act, 1952 is applicable in case of any factory / establishment employing
Which of the following is not true about RBI transacting Government business in India?
According to Indian Partnership Act, 1932 What is one of the requirements for partners regarding information sharing in a business firm?
Under Section 10(2) of the Environment (Protection) Act, 1986, every person carrying on industry or handling hazardous substance shall be bound to:
Which of the following is not true about redemption?
Ankit, a tradesman, leaves goods at Sushil’s house by mistake. Sushil treats the goods as his own. Sushil  _______________
Under Section 13(2) of the SARFAESI Act, 2002, after classifying a loan account as an NPA, a secured creditor must serve a demand notice on the borrower...
Under Section 13(1)(d), “criminal misconduct” includes which act?Â
Section 208(1) allows an offence committed outside India by an Indian citizen or on an Indian ship/aircraft to be dealt with—
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