Where money is exchanged by one person for some money with another person, the transaction is known as

Related MCQs

• The delivery of goods by one person to another for some specific purpose is known as a
• 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 person appointed to contract on behalf of another person is known as a/an
• Any person who on behalf of another person receives, stores or transmits a message is, under the IT Act, known as
• The delivery of goods by one person to another as a security for the repayment of a debt is known as a
• An agreement whereby one party assists another in recovering money or property and in turn share in the proceeds of the action is called
• A contract in which one person promises to compensate the other for the loss suffered by him, due to the conduct of the promisor or of any other person, is known as
• Where a party to contract transfers his rights under the contract to another person, it is legally known as
• In a contract of guarantee, a person who promises to discharge another’s liability is known as
• If a person accepts a lesser sum of money than what was contracted for, in the discharge of the whole debt, it is known as