S and P go into a shop. S says to the shopkeeper, C, “Let P have the goods, and if he does not pay you, I will. “This
is a
Correct
Incorrect
Question 3 of 30
3. Question
1 points
Category: Corporate and Other Laws
A guarantee obtained by a creditor by keeping silence as to material circumstances is:
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Incorrect
Question 4 of 30
4. Question
1 points
Category: Corporate and Other Laws
A bailee has
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Incorrect
Question 5 of 30
5. Question
1 points
Category: Corporate and Other Laws
The position of a finder of lost goods is that of a
Correct
Incorrect
Question 6 of 30
6. Question
1 points
Category: Corporate and Other Laws
____________ is one who represents to be an agent of another when in reality he has no such authority from
the other agent at all
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Incorrect
Question 7 of 30
7. Question
1 points
Category: Corporate and Other Laws
Out of the following, who can appoint an Agent?
Correct
Incorrect
Question 8 of 30
8. Question
1 points
Category: Corporate and Other Laws
When an authority of agent is said to be implied:
Correct
Incorrect
Question 9 of 30
9. Question
1 points
Category: Corporate and Other Laws
Substituted Agent is agent of the
Correct
Incorrect
Question 10 of 30
10. Question
1 points
Category: Corporate and Other Laws
L made an offer to MD of a company. MD accepted the offer though he had no authority to do so. Subsequently
L withdrew the offer but the company ratified the MD’s acceptance. State which of the statement given hereunder
is correct:
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Incorrect
Question 11 of 30
11. Question
1 points
Category: Corporate and Other Laws
A is residing in Delhi and has a house in Mumbai. A appoints B by a power of attorney to take care of his house.
State the nature of agency created between A and B
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Incorrect
Question 12 of 30
12. Question
1 points
Category: Corporate and Other Laws
In a contract of guarantee, a person who promises to discharge another’s liability is called
Correct
Incorrect
Question 13 of 30
13. Question
1 points
Category: Corporate and Other Laws
A contracts to save B against the consequences of any proceedings which C may take against B in respect of a
certain sum of 500 rupees. This is a
Correct
Incorrect
Question 14 of 30
14. Question
1 points
Category: Corporate and Other Laws
In a contract of guarantee there are:
Correct
Incorrect
Question 15 of 30
15. Question
1 points
Category: Corporate and Other Laws
The delivery of goods by one person to another as security for the payment of a debt is called
Correct
Incorrect
Question 16 of 30
16. Question
1 points
Category: Corporate and Other Laws
The delivery of goods by one person to another for some specific purpose and time is known as
Correct
Incorrect
Question 17 of 30
17. Question
1 points
Category: Corporate and Other Laws
A without B’s authority let outs B’s Flat to C. Afterwards, B accepts rent of the flat from C. It is an agency by;
Correct
Incorrect
Question 18 of 30
18. Question
1 points
Category: Corporate and Other Laws
An agency in which the agent himself has interest in the subject matter of agency is called
Correct
Incorrect
Question 19 of 30
19. Question
1 points
Category: Corporate and Other Laws
A contract of indemnity is a
Correct
Incorrect
Question 20 of 30
20. Question
1 points
Category: Corporate and Other Laws
A, B and C, as sureties for D, enter into three bonds, each in a different penalty, namely, A in the penalty of
1,00,000 rupees, B in that of 2,00,000 rupees, C in that of 4,00,000 rupees, conditioned for D’s duly accounting
to E. D makes default to the extent of 3,00,000 rupees. According to the Indian Contract Act, 1872:
Correct
Incorrect
Question 21 of 30
21. Question
1 points
Category: Corporate and Other Laws
Mr. A, puts ‘M’ as the cashier under Mr. B and agrees to stand as surety provided ‘B’ checks the cash every month.
‘M’ embezzles cash. According to the Indian Contract Act, 1872:
Correct
Incorrect
Question 22 of 30
22. Question
1 points
Category: Corporate and Other Laws
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:
Correct
Incorrect
Question 23 of 30
23. Question
1 points
Category: Corporate and Other Laws
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
Correct
Incorrect
Question 24 of 30
24. Question
1 points
Category: Corporate and Other Laws
S and P go into a shop. S says to the shopkeeper, C, “Let P have the goods, and if he does not pay you, I will. “This
is a
Correct
Incorrect
Question 25 of 30
25. Question
1 points
Category: Corporate and Other Laws
A guarantee obtained by a creditor by keeping silence as to material circumstances is:
Correct
Incorrect
Question 26 of 30
26. Question
1 points
Category: Corporate and Other Laws
A written and a registered agreement made between a husband and wife out of natural love and
affection does not require consideration. As per the provisions of the Indian Contract Act, 1872
Correct
Incorrect
Question 27 of 30
27. Question
1 points
Category: Corporate and Other Laws
A bailment is the delivery of goods by one person to another __________, upon a contract that they shall,
when the purpose as accomplished, be returned or otherwise disposed of according to the direction of
_________.
Correct
Incorrect
Question 28 of 30
28. Question
1 points
Category: Corporate and Other Laws
Gratuitous bailment means bailment ___________
Correct
Incorrect
Question 29 of 30
29. Question
1 points
Category: Corporate and Other Laws
_____________ means doing of any act which has the effect of putting the goods in the possession of a person
who agrees to hold them as a bailee for some other person, although transfer of possession of goods does not
actually take place
Correct
Incorrect
Question 30 of 30
30. Question
1 points
Category: Corporate and Other Laws
Delivery of keys of a car to a friend is an example of __________
Correct
Incorrect
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