Topics of Law T...

A supplies rice and wheat to the wife and children of B who is a lunatic. B has assets worth one lakh of rupees. Which of the following is correct in relation to this statement?

Under section 141, a surety is entitled to the benefit of every security which the creditor has against the principal debtor at the time when the contract of suretyship is entered into whether the surety knows of the existence of such security or not.

Tanu owes Richa Rs. 5,00,000 as follows:

Nitin owes Baban Rs. 2,50,000 as follows:

A took a loan from Punjab National Bank to the extent of Rs. 2,50,000. B guarantees the repayment of this loan. Later, A secures another loan of Rs.1,50,000 from the same bank. He tenders a sum of Rs. 2,00,000 to the bank without any advice as to its manner of appropriation. Bank uses this money towards the settlement of loan of Rs. 1,50,000 plus interest and remaining towards the loan guaranteed by B. A objects to this. Decide.

A and B go into a shop. A says to the shopkeeper, "Let B have the goods and if he does not pay, I will". This is a _______.

Where each party must perform his promise independently and irrespective of the fact whether the other party has performed, or willing to perform, his promise or not, such reciprocal promises fall under the category of ______.

_______is the delivery of goods, by one person to another, for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of, according to the instructions of the person delivering them.

Ravi found a purse in a computer education centre. He deposited the purse with proprietor of the centre so that the real owner can claim. However, no one claimed the purse. Ravi wants the purse back. Can he succeed?

Anything committing, or threatening to commit, any act forbidden by the Indian Penal Code with the intention of causing any person to enter, into an agreement is called______.