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.Management Sciences
Category: 1872 Contract Act
A guaranfee which extend to a series of transactions is called ____________________?
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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
The definition of ‘Bailment’ is provided in section ________________, of the Contract Act?
A. 146
B. 147
C. 148
D. All of above
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