The contract of guarantee is a contract in which a person perform the promise or discharge the liability of__________________? A. The contractor B. StrangerC. Third person D. None of above

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. ValidB. Invalid C. Both A and B D. None of above

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________________?…

Section 124 to 147, of the Contract Act, deals with _________________? A. Contracts of indemnity B. Contracts of guaranteeC. Both A and B D. None of above

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 contractC. Contract…

“Indemnity” means__________________? A. Security from damage or loss B. Security for more profit C. An act for protectionD. Both A and B

Chapter__________, of the Contract Act, deals with consequences of breach of contracts ? A. VI B. VII C. VIII D. None of above

Section 51, of the Contract Act, 1872 deals with performance of_______________? A. Reciprocal promisorB. Reciprocal Promisee C. Both A and B D. None of above

Section __________, of the Contract Act deals with enforcement of contracts contingent on an event not happening ? A. 32B. 33 C. 34 D. None of above

A makes a contract with B to buy B’s horse if A survives C. This contract cannot be enforceed by law ? A. Unless and until C dies in A’s life time B. Unless and until A dies in C’s…