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CSS :: 1872 Contract Act


61.  "Indemnity" means
A. Security from damage or loss B. Security for more profit
C. An act for protection D. Both (a) and (b)

62.  Section 124, of the Contract Act, define
A. Contracts of minor B. Contracts of conditions
C. Contracts of indemnity D. None of above

63.  A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself or by the conduct of any other person is called
A. Surety contract B. Simple contract
C. Contract of indemnity D. None of above

64.  The contract of insurance is infact contract of
A. Urgency B. Indemnity
C. Both (a) and (b) D. None of above

65.  Section 124 to 147, of the Contract Act, deals with
A. Contracts of indemnity B. Contracts of guarantee
C. Both (a) and (b) D. None of above

66.  A guaranfee which extend to a series of transactions is called
A. Special guarantee B. Continuing guarantee
C. Specific guarantee D. None of above

67.  A in consideration that B will employ C in collecting the rent of B's zamindari, promises B to be responsible, to the amount of 5000 rupees for the due collection and payment by C of those rents. This is a
A. Restricted guarantee B. Continuing guarantee
C. Limited guarantee D. None of above

68.  Section 142 of the Contract Act 1872 deals with
A. Guarantee obtained by free consent B. Guarantee obtained by fraud
C. Guarantee obtained by miscrepresentation

69.  Any guarantee obtained by means of misrepresentation made by the creditor or with his knowledge and assent concerning a material part of the transaction is
A. Valid B. Invalid
C. Both (a) and (b) D. None of above

70.  "Guarantee" means_______
A. Surety B. The word is also used as a name, to denote the contract of guarantee or the obligation of grantor
C. All the above D. None of above




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