A contract in which a person promises to discharge the liability of another person, in case of default by such person, is known as a
A) quasi-contract
B) contract of indemnity
C) contract of guarantee
D) none of the above
Correct Answer:
Verified
Q15: Hadley versus Baxendale case is a leading
Q16: Exemplary damage is also known as
A)a vindictive
Q17: Vindictive damages have been awarded
A)for a breach
Q18: Liquidated damages means an amount of the
Q19: A stipulation for increased interest from the
Q20: A quasi-contract
A)is a contract
B)is an agreement
C)has only
Q21: Claim for necessaries supplied to a person
Q22: A finder of goods
A)a person who finds
Q23: A contract in which one person promises
Q24: The party who gives the indemnity is
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