Contracts II
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Contracts II
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25 Questions

1. --------- is a mercantile agent who guarantees the performance of the contract by the third person on the payment oof some extra commission.
2. Right of Subrogation means --------
3. In a Pledge, the general property or ownership in goods
4. When a minor becomes a partner, his personal liability commences from ----
5. An agency comes to an end by
6. A consideration in a contract of sale must be --------- only.
7. A -------------- is a contract to perform the promise or discharge the liability of a third person in case of his default.
8. A post dated cheque is only a --------------- when it is written or drawn, it becomes a cheque when it is payable on demand.
9. The person who is directed to pay a bill of exchange is called
10. Bailor in Pledge is known as -------
11. If the goods are lent free to the bailee for his use it is known as --
12. Bailment is defined under Section ------ of Indian Contract Act, 1872.
13. Lien means -------
14. A stipulation collateral to the main purpose of the contract is ----
15. A Contract of Indemnity is -----
16. Which of the following courts has the jurisdiction for trying an offence punishable under section138 of the Negotiable Instruments Act, 1881?
17. In a contract of Indemnity there are
18. Which of the following is not a subject matter in a sale of goods act?
19. Ratification of authority means
20. A minor can
21. The property of the firm includes --
22. Which of the following is a ground for dissolution u/s 44 of the Indian Partnership Act, 1932?
23. ------- is the concept of 'Let the buyer beware'.
24. An agreement to sell is an executory contract. The statement is
25. Partnership is a subject in the --------------

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