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.Management Sciences
Category: 1872 Contract Act
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______________?
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A. Surety contract
B. Simple contract
C. Contract of indemnity
D. None of above
A contract to do or not to do something if some event collateral to such contract does or does not happen is called___________________?
A. Simple contract
B. Complex contract
C. Contingent contract
D. None of above
Where both the parties are under mistake as to matter of fact the agreement is_________________?
A. Void
B. Voidable
C. Valid
D. None of above
An agreement not enforceable by law is called_________________?
A. Void agreement
B. Valid agreement
C. Voidable agreement
D. None of above
Section 18 of the Contract Act, deals with_______________?
A. Coericon
B. Fraud
C. Misrepresentation
D. None of above
Mistake of fact________________?
A. Makes a contract voidable
B. Does not make a contract voidable
C. Makes a contract void
D. None of above
The contract of insurance is infact contract of________________?
A. Urgency
B. Indemnity
C. Both (a) and (b)
D. None of above
A continuing guarantee may at any time be revoked by the surety as to future transaction by giving notice to ________________?
A. The creditor
B. Principal debtor
C. Without giving any notice to any person
D. None of above
In pledge bailor is called_________________?
A. Pawnor
B. Pawnee
C. Both (a) and (b)
D. None of above
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