1. A saves B’s goods from fire without being asked to do so. A cannot demand payment for his services. Which type of contract it is?
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Answer
The Indian Contract Act, 1872
Explanation:
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Answer:
Gratuitous contract
Explanation:
- The word 'gratuitous' means 'free of cost'.
- Hence, a gratuitous contract is one that is carried out for the benefit of only one of the parties, the other party receives nothing in consideration.
- Gratuitous contracts are unilateral as they benefit only one person as opposed to normal contracts that are bilateral.
- For example- donating to charity is also an example of a gratuitous contract.
- In the above example, A carries out the deed of saving B's goods. However, he receives no compensation for doing so and he also has no right to demand for any such compensation.
- Hence, the above contract is an example of a gratuitous contract.
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