New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    A lends Rs 10 lakh to B for a year, After one year A’s

    right to recover the money from B is a_____________________
    A Civil right Correct Answer Incorrect Answer
    B Moral right Correct Answer Incorrect Answer
    C Right in rem Correct Answer Incorrect Answer
    D Right in personam Correct Answer Incorrect Answer

    Solution

    Right in personam gives the person rights against one person or party to the contract. It generally will correspond with a duty imposed on the said person or party. The Indian Contract Act grants rights in personam to the parties of a contract. So the parties of a contract have these contractual rights only against each other.

    Practice Next