The Indian Contract Act, 1872 – Test 1

Suraj delivers his car to Chanda, a garage owner for repair. Who is the Bailor In this case?

Ram had to travel to a different town for 5 Days. He left his Cow in the custody of Shyam so that
she can be taken care of. After 2 Days the cow delivers a calf. Now Shyam has to return to Ram:

S and P go into a shop. S says to the shopkeeper C, “Let P have the goods and if he sdoes not pay
you, I will.” This is

A Guarantee obtained by a creditor by keeping silence as to material circumstances is :

A contract of Indemnity is a

A, B and C are sureties for D, enter into Bonds, each in a different penalty, namely, A in the
penalty of 100000, B in that of 200000, C in that of 400000, conditioned for D‟s duly accounting to
E. D to the extent of 300000. According to the Indian Contract Act:

Mr A, puts „M‟ as his cashier under Mr B and agrees to stand as surety provided that B checks the
cash every Month. M embezzles cash. According to the Indian Contract Act 1872,

A guarantees to C, to the extent of 2,00,000 rupees, payment for rice to be supplied by C to B. C
supplies to B rice to a less amount than 2,00,000 rupees, but obtains from A payment of the sum
of 2,00,000 rupees in respect of the rice supplied. As per the provisions of the Indian Contract
Act, 1872

A contracts with B for a fixed price to construct a house for B within a stipulated time. B would
supply the necessary material to be used in the construction. C guarantees A‟s performance of the
contract. B does not supply the material as per the agreement. As per the provisions of the Indian
Contract Act, 1872

Which contract is entered with the objective of promisee against anticipated loss?

Which of these is included in contract of indemnity?

Promisee is entitled to sue for specific performance on when he has incurred _________ & it is
covered under contract

Which of these is a contract to perform the promise, or discharge the liability of a third person in
case of his default?

Which party‟s Liability under guarantee is Co-extensive with the liability of principal debtor?

The Nature of surety‟s liability under contract of guarantee is ______________

After payment of debt under contract of guarantee the surety get all the right which creditor had
against Principal debtor, This is called right of ______________

When the repayment of debt is to principal debtor is guaranteed by more than one person, they
are called______________

Which is not the way of revocation for discharge of surety

In this contract one person transfers possession of goods to another person on condition that
such another person will restore them to the transferor

Putting goods in possession of a person who agrees to hold them as a bailee for another person,
although this transfer does not actually take place.

In which type of bailment the liability for non-disclosure of unknown faults is with the bailer?

Right of premature termination of bailment is available for bailor under___________

Which is not the duty of the bailee?

In case of non-gratuitous bailment the bailer is liable to pay_________

Who has no rights to have general lien?

Which is known as bailment of goods used as security for payment of debt or performance of a
promise?

Which is the right of Pawnee?

The pawnor has every right of the___________

Which is not the duty of pawnor?

Who is the person appointed to do any act for another in dealing with third party