Contracts II
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Avg score: 28% • Most missed: “A continuing guarantee applies to ----”
Contracts II
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25 Questions

1. The Negotiable Instruments Act came into force on –
2. A stipulation essential to the main purpose of the contract is ---------.
3. Liability of surety is --------------------
4. A minor admitted to the benefits of a firm has a right to -----
5. Right of Indemnity Holder is specified in --
6. When a minor becomes a partner, his personal liability commences from ----
7. A partner may retire
8. In a Pledge, the general property or ownership in goods
9. A contract by which one party promises the other party to save from loss which may be caused either by the conduct of the promissor or by the conduct of any other person is called as
10. Which of the following is not an example of bailment?
11. Which one of the following is not a party to a contract of guarantee?
12. In a contract of Indemnity there are
13. An agreement to sell the transfer of property in goods from the seller to buyer takes place -------
14. An agency may be created by --
15. It is a standard rule that risk follows
16. An agent can lawfully employ a sub-agent ----
17. A surety can be discharged from his liability by ---
18. Which of the following Section of the Sale of Goods Act, 1930 defines the term 'Goods'?
19. For the acts of sub-agent lawfully appointed
20. A promissory note is made by -------
21. A Contract of Indemnity is -----
22. Voluntary transfer of possession from one person to another is called ---
23. A leaves a cow in the custody of B to be taken care of. The cow has a calf. In the absence of any contract to the contrary
24. ----------- and -------- are the two parties’ involved in a contract of sale.
25. Anything done or any promise made, for the benefit of the principal debtor, may be a sufficient consideration to the surety for giving the guarantee. The statement is

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