When there is a breach of contract, the party which has performed a part of his obligation, is entitled to recover value of what has been done by him. This remedy is known as:
This is a Latin Phrase related to the Indian Contract Act which means as much as he has earned. Further, it provides that even if there is no contract between the parties this law implies a promise to pay a reasonable amount for the labour and material provided. Such circumstances wherein someone gets a benefit while the other party gets nothing or the benefit or enrichment which one party receives as a result of the other party’s actions. Therefore, the party who has received the services is unjustly benefited and must return it to the party who provided that.
Risks for which it is difficult for someone to get insurance is called?
Insurance is, thus, a financial tool specially created to reduce the financial impact of unforeseen events and to create______.
A policy that can be cancelled or have the premiums raised by the insurer on a specific anniversary date, subject to certain reasons written into the po...
How many Insurance Ombudsman are functional in India?
Which among the following is the oldest existing insurance company in India?
Which section of the Indian Insurance Act 1938 provides for nomination of a person?
Which of the following terms is NOT associated with insurance?
Which amongst the following is not an insurance company functioning in India?
Policy that can be cancelled or have the premium s raised by the insurer on a specific anniversary date, subject to certain reasons written into the pol...
The Institute of Insurance and Risk Management (IRM) was founded in which of the following year?