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.Management Sciences
Category: 1872 Contract Act
Section 51, of the Contract Act, 1872 deals with performance of_______________?
A. Reciprocal promisor
B. Reciprocal Promisee
C. Both A and B
D. None of above
The person to whom proposal is made is called________________?
A. Promisor
B. Promisee
C. Both of above
D. None of above
Section 178, of the Contract Act 1872 deals with______________?
A. Pledge by Trust agent
B. Pledge by mercantile agent
C. Pledge by international agent
D. None of above
A contract made by lunatic is________________ in the eye of Law?
A. Void
B. Valid
C. Absolute
D. None of above
A’s son has forged B’s name to a promissory note. B under threat of prosecuting A’s son obtain a bond from A for the amount of the forged note. If B sues on this bond ?
A. The Court can accept the suit
B. The Court may set aside the bonds
C. Both A and B
D. None of above
A guaranfee which extend to a series of transactions is called ____________________?
A. Special guarantee
B. Continuing guarantee
C. Specific guarantee
D. None of above
Promise which forms the consideration or part of the consideration for each other is called_______________?
A. Simple promise
B. Conditional promise
C. Reciprocal promise
D. None of above
The term “Coercion” means__________________?
A. Committing or threatening to commit any act forbidden by the Pakistan Penal Code
B. Compulsion
C. A unlawful pressure
D. All of the above
The term “Fraud” means ?
A. Active concealment of fact with knowledge and belief of the fact
B. Doing any act fitted to deceive
C. Both A and B
D. None of above
The term “Contingent” means ?
A. Possible but not assured
B. Doubtful or uncertain
C. Both A and B
D. None of above
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