Last Answer : The Indemnity Ordinance is a system to avoid legal action against those involved in the murder of Bangabandhu and his family.
Description : Fire Insurance is based on the principle of– (A) Utmost Good faith (B) Insurable Interest (C) Indemnity (D) Cooperation
Last Answer : Answer: Indemnity
Description : Life insurance is a contract of which one of the following ? (A) Indemnity (B) Guarantee (C) Contribution (D) Subrogation
Last Answer : Answer: Guarantee
Description : Which of the following US-based life and health reinsurer has received the approval regulator IRDAI to set up a branch in the country? A) Swiss Reinsurance America Corporation B) Everest Reinsurance Company C) Reinsurance Group of America D) National Indemnity Company E) None of these
Last Answer : C) Reinsurance Group of America Explanation: US-based life and health reinsurer Reinsurance Group of America (RGA) has received the first level approval regulator Irdai to set up a branch in ... Authority of India (Irdai) has approved R-1 (requisition for registration) application of the company
Description : When a MO paid to a wrong person and the claimant urges for payment before recovery of the amount from the wrong perosn a) It cannot be done b) Claim can be admitted on getting on indemnity bond ... from the head of the division d) Payment can be made on proper sanction form the head of the circle
Last Answer : c) Payment can be made on proper sanction from the head of the division
Description : If a payee of the VPMO (sender of the VP article) for Rs 400/- is deceased, then the VPMO should be a) Returned to the addressee of the VP article b) paid to the claimant in the ... witness c) Returned to Audit office as unpaid d) Paid to the claimant after obtaining indemnity bond with one surety
Last Answer : d) Paid to the claimant after obtaining indemnity bond with one surety
Description : List of goods being transported, made out by the carrier is called ? 1. Bill of Exchange 2. Waybill 3. Indemnity Bond 4. Lorry Bond 5. None of these
Last Answer : Waybill
Description : A contract to perform a promise or discharge the liability of a third party is called— A. Contract of indemnity B. Contract of agency C. Contract of guarantee D. Contract of warranty
Last Answer : C. Contract of guarantee
Description : The delivery of goods by one person to another for some purpose, upon a contract and that they shall, when the purpose is accomplished, be returned or otherwise disposed of by accounting to the ... then it is called: A. Contingent contract B. Bailment C. Pledge D. Contract of indemnity
Last Answer : B. Bailment
Description : A ______ is a contract to person the promise or to discharge a liability of a third person in case of his default. a) Contract of indemnity b) contract of guarantee c) Implied contract d) express contract
Last Answer : b) contract of guarantee
Description : The person whose loss is to be made good is called the a) Indemnifier b) Principal Debtor c) Indemnity holder d) none of these
Last Answer : b) Principal Debtor
Description : A contract by which one party promises to save the other from loses caused to him by the conduct of the promise himself or by the conduct of any other person is called a ________ a) Contract of indemnity b) Contract of guarantee c) Quasi contract d) none of these
Last Answer : a) Contract of indemnity
Description : Contract of sale may be a) agency relationship b)sale or agreement c)indemnity d)guarantee.
Last Answer : b)sale or agreement
Description : Which of the following is not a right of the principal? a. Right to recover damage b. Right to demand account and to claim secret profit made. c. Right to remuneration d. To resist agent’s claim for indemnity.
Last Answer : c. Right to remuneration
Description : In contract of indemnity, what is the liability of indemnifier against the indemnified (a) Primary (b) Secondary (c) No liability (d) Both (a) & (b)
Last Answer : (a) Primary
Description : What is the ratio of parties in contract of indemnity and contract of guarantee (a) 2 : 3 (b) 3 : 2 (c) 1 : 3 (d) 2 : 1
Last Answer : (a) 2 : 3
Description : Under the Indian Contract Act, the contract of indemnity is restricted to such cases (a) Where the loss promise to be reimbursed is caused by the conduct of the promisor or any other person (b) The loss caused ... accident which does not depend upon conduct of any person (c) Both (a) & (b) (d) None
Last Answer : (b) The loss caused by the any events or accident which does not depend upon conduct of any person
Description : Why in the world do people play street games ( 3 card Monte & Shell game)
Last Answer : Lots of people think they’re smarter.
Description : What are some games you played in the street as a child that you don't see kids play anymore?
Last Answer : I don’t know if kids still play these or not, but I personally haven’t seen it played that often, if at all since I was a kid. Four Square Hide & Seek Red Light, Green Light Dodgeball