India Mcqs

Indian Contract Act (Law)

A contract of guarantee may be made:

A.By a company, by writing under its common seal

B.On behalf of a company, by any person acting under its authority, express or implied. Directors may bind themselves personally by a guarantee which they sign or adopt

C.Either (A) or (B)

D.None of these

A proposal stands revoked

A.By communication of notice of revocation by the proposer

B.By failure of acceptor to fulfil a condition precedent

C.By death or insanity of proposer to the knowledge of acceptor

D.All the above