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X' and 'Y' jointly take a loan, from 'Z' with promise to repay the loan amount with interest within two years. Soon after taking the loan 'X' is declared as an insolvent and remains insolvent till the date of repayment of loan. 'Y' also fails to repay the loan. 'X' on account of his status as insolvent enjoys immunity from legal proceedings. In these circumstances:

Correct Answer: Z' is entitled in law to sue 'Y' alone for recovery of the entire outstanding amount

X' and 'Y' have jointly taken a loan from 'Z' with promise to repay the same with interest within two years. The loan is not repaid. 'Z' releases 'X' from liability and institutes a suit for recovery of the entire amount due from 'Y' alone. 'Z' in law is entitled to recover:

Which of the following are the consequences in case of insolvency of partner?
1. The partner adjudicated as insolvent ceases to be a partner.
2. He ceases on the date on which the order of adjudication is made.
3. The firm is dissolved on the date of the order.
4. The estate of the insolvent partner is liable for any act of the firm after the date of the order of adjudication.
5. The firm can be held liable for any acts of the insolvent partners after the date of the order of adjudication.
Select the correct answer:

The different variant of Date() constructor to create date object is/are ___________ i. new Date(date) ii. new Date(milliseconds) iii. new Date(date string) iv. new Date(year, month, date)

A man invested an amount at the rate of 10% p.a. on compound interest and after two years he again invested half of the initial amount. If man got Rs. 457.2 Rs. as interest after three years, find the amount received by man after three years, if he invested same amount on simple interest at rate of 15% p.a.?

Re-arrange the following sentences into a meaningful paragraph. (A) comes into effect from today. The bank's savings account rate was 3.5 per cent during March 2003 to May 2011 for all savings bank account customers (B) The bank's decision comes two days ahead of RBI's monetary policy meet and is likely to trigger (C) with deposits of above Rs 1 crore, it said in a statement. The two-tier savings bank account interest rate (D) to 3.5 per cent, lowest in six years, a decision that will impact 90 per cent of its customers (E) The country's largest lender however will continue to pay 4 per cent interest on savings bank accounts (F) SBI today cut interest rate on savings bank account deposits up to Rs 1 crore by 0.5 per cent (G) rate war among peers. SBI's savings bank account base is of around Rs 9 lakh crore.

According to Salmond and Winfield, "A promise without consideration is a gift; one made for a consideration is a bargain." However, in the following circumstances a contract without consideration will be perfectly valid
1. An agreement in writing made on account of natural love and affection
2. Contract of Agency
3. Promise to pay a time-barred debt
4. Oral promise made on account of natural love and affection

A passage is given with five questions following it. Read the passage carefully and select the best answer to each question out of the given fouralternatives. He wasn't the first, nor would he be the last, but the wiry, bespectacled man from Gujarat is certainly the most famous of the world's peaceful political dissidents.Mohandas Gandhi – also affectionately known as Mahatma – led India's independence movement in the 1930s and 40s by speaking softly without carrying much ofa big stick, facing down the British colonialists with stirring speeches and non-violent protest. More than anything else, historians say, Gandhi proved that one manhas the power to take on an empire, using both ethics and intelligence. Urges Britain to quit India It is hard to imagine the thin, robed Gandhi working in the rough and tumble world of law, but Gandhi did get his start in politics as a lawyer in South Africa, where he supported the local Indian community's struggle for civil rights. Returning to India in 1915, he carried over his desire to improve the situation of the lower classes. Gandhi quickly became a leader within the Indian National Congress, a growing political party supporting independence, and traveled widely with the party to learnabout the local struggles of various Indian communities. It was during those travels that his legend grew among the Indian people, historians say. Gandhi was known as much for his wit and intelligence as for his piety. When he was arrested several more times over the years for his actions during the movement,Gandhi calmly fasted in prison, believing that his death would embarrass the British enough to spur independence, which had become the focus of his politics by1920. Gandhi's non-cooperation movement, kicked off in the early 1920s, called for Indians to boycott British goods and traditions and become self-reliant. His mostfamous protest came in 1930, when Gandhi led thousands of Indians on a 250-mile march to a coastal town to produce salt, on which the British had a monopoly. Which of the following can help one to "take on" an empire?

A passage is given with five questions following it. Read the passage carefully and select the best answer to each question out of the given fouralternatives. He wasn't the first, nor would he be the last, but the wiry, bespectacled man from Gujarat is certainly the most famous of the world's peaceful political dissidents.Mohandas Gandhi – also affectionately known as Mahatma – led India's independence movement in the 1930s and 40s by speaking softly without carrying much ofa big stick, facing down the British colonialists with stirring speeches and non-violent protest. More than anything else, historians say, Gandhi proved that one manhas the power to take on an empire, using both ethics and intelligence. Urges Britain to quit India It is hard to imagine the thin, robed Gandhi working in the rough and tumble world of law, but Gandhi did get his start in politics as a lawyer in South Africa, where he supported the local Indian community's struggle for civil rights. Returning to India in 1915, he carried over his desire to improve the situation of the lower classes. Gandhi quickly became a leader within the Indian National Congress, a growing political party supporting independence, and traveled widely with the party to learnabout the local struggles of various Indian communities. It was during those travels that his legend grew among the Indian people, historians say. Gandhi was known as much for his wit and intelligence as for his piety. When he was arrested several more times over the years for his actions during the movement,Gandhi calmly fasted in prison, believing that his death would embarrass the British enough to spur independence, which had become the focus of his politics by1920. Gandhi's non-cooperation movement, kicked off in the early 1920s, called for Indians to boycott British goods and traditions and become self-reliant. His mostfamous protest came in 1930, when Gandhi led thousands of Indians on a 250-mile march to a coastal town to produce salt, on which the British had a monopoly. Bapu was known for his:

A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. The loan backed only by promise to repay, and for this reason the personal loan also called

B' a bank, under a scheme for grant of educational loan to females, grants a loan of Rs. 2,00,000/- to 'A'. 'A' fails to repay the loan and 'B' files a suit for recovery thereof. During the pendency of suit, 'A' is married. 'B' does not take any steps within the prescribed time, to substitute the maiden name of 'A' with the married name of 'A' in the suit. The suit is decided in favour of 'B' and against 'A' in her maiden name: