The bailment of goods as security for payment of debt or performance of a promise is called_______________? A. Pledge B. Special bailment C. Both A and B D. None of above
In Bailment, bailor is duty bound to disclose fault in goods bailed as provided in section________________? A. 148, of the Contract Act B. 149, of the Contract ActC. 150, of the Contract Act D. None of above
The person who during the contract of bailment deliver goods is called ? A. Bailor B. Bailee C. Both A and B D. None of above
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…
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
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
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
“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
Section 142 of the Contract Act 1872 deals with _________________? A. Guarantee obtained by free consent B. Guarantee obtained by fraudC. Guarantee obtained by miscrepresentation D. Non of these
A guaranfee which extend to a series of transactions is called ____________________? A. Special guaranteeB. Continuing guarantee C. Specific guarantee D. None of above