71.
The contract of guarantee is a contract in which a person perform the promise or discharge the liability of
A.
The contractor
B.
Stranger
C.
Third person
D.
None of above
Answer: Option C
Explanation:
72.
In contract of guarantee the person who gives guarantee is called
A.
Surety
B.
Principal debtor
C.
Both (a) and (b)
D.
None of above
Answer: Option A
Explanation:
73.
In contract of guarantee the person at whose place guarantee given is called
A.
Surety holder
B.
Principal debtor
C.
Both (a) and (b)
D.
None of above
Answer: Option B
Explanation:
74.
A continuing guarantee may at any time be revoked by the surety as to future transaction by giving notice to
A.
The creditor
B.
Principal debtor
C.
Without giving any notice to any person
D.
None of above
Answer: Option A
Explanation:
75.
Section_____ to_____, at the Contract Act, deals with discharge of surety
A.
130, 133
B.
133, 139
C.
139, 144
D.
None of above
Answer: Option B
Explanation:
76.
As per section 143, of the Contract Act guarantee obtain by the creditor by concealment is
A.
Invalid
B.
Valid
C.
Both (a) and (b)
D.
None of above
Answer: Option A
Explanation:
77.
Section 146 of the Contract Act, deals with liabilities of
A.
Surety
B.
Co-sureties
C.
Both (a) and (b)
D.
None of above
Answer: Option B
Explanation:
78.
The term "Bailment" means
A.
A delivery of a thing entrusted for some special purpose or object upon a contract
B.
Delivery of goods free of cost
C.
Delivery of goods without cost for welfare of public
D.
None of above
Answer: Option A
Explanation:
79.
The definition of 'Bailment' is provided in section_____, of the Contract Act.
Answer: Option C
Explanation:
80.
The delivery of goods by one person to another for some purpose upon a contract that they shall when the purpose is accomplished be returned or otherwise dispose of upon discretion of the delivering person the contract is called
A.
Indemnity
B.
Bailment
C.
Contingent Contract
D.
None of above
Answer: Option B
Explanation:
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