A stipulation for increased interest from the date of default is known as

Related MCQs

• Stipulations in a contract providing for enhanced rate of interest from date of default of payment of principal or compound interest are considered to be in the nature of
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• If a contract of a sale contains a stipulation which is impossible to fulfill then
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• In a contract of debt when a sum is expressed to be payable on a certain date and a further sum is stipulated to be payable in the event of default, then latter sum is by way of
• Rajeev entered into a contract with Lata to marry her on a fixed date. However, before the marriage date. Rajeev went mad. With reference to the Indian Contract Act which is the valid response?
• The presumption as to the date of a negotiable instrument under section 118 is that, every negotiable instrument bearing a date was made or drawn