[Solved] Identify the Option, that can be treated as a Valid Contract.

McqMate

Q.	Identify the Option, that can be treated as a Valid Contract.
A.	Mr. Ramesh buys a Property, from His Friend, for a Throw- Away Price.
B.	Mr. Ramesh enters into a Contract, when, He is Not in a Sound State of Mind.
C.	Mr. Ramesh bribes an Official, to get into a Contract.
D.	Mr. Ramesh provides False Information, to get Mr. Mahesh, to sign a Contract.
Answer» A. Mr. Ramesh buys a Property, from His Friend, for a Throw- Away Price.

4.2k

0

Do you find this helpful?

20

View all MCQs in

Insurance Exam (LIFE)

Discussion

No comments yet

Related MCQs

Identify a Product, that can be categorised under Contingency-Products. Choose the Most Appropriate Option.
Identify the Option, that can be termed as Policy- Withdrawal.
With Regards to Mis-Statement of Age, Select the Valid Option: I: An Under-Statement of Age, will result in the Original Policy being re-issued, for a Reduced Amount. II: An Over-Statement of Age, will, usually, result in a Refund of Premium-Payment.
Which Element of a Valid Contract, relates to Insurance-Premium?
Examine the Following Options, and Identify the One, which is Not a Credit-Management Decision. Choose the Most Appropriate Option.
Identify the Formal Legal Document, used by Insurance Companies, that provides the Details about the Product. Choose the Most Appropriate Option.
Label the Document, that is used, to lay-down the Terms of the Insurance Contract, when it is bought. Choose the Most Appropriate Option.
Identify the Document, that evidences a Contract, between the Insurer and the Insured.
Which One of the Following, can form the Basis for a Valid Consumer-Complaint?
How Many Persons, can be nominated under a Policy? Choose the Most Appropriate Option.