The Indian Contract Act, 1872 – Test 2

A contract of indemnity is a

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

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

A bailee has

The position of a finder of lost goods is that of a

____________ is one who represents to be an agent of another when in reality he has no such authority from
the other agent at all

Out of the following, who can appoint an Agent?

When an authority of agent is said to be implied:

Substituted Agent is agent of the

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:

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

In a contract of guarantee, a person who promises to discharge another’s liability is called

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

In a contract of guarantee there are:

The delivery of goods by one person to another as security for the payment of a debt is called

The delivery of goods by one person to another for some specific purpose and time is known as

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;

An agency in which the agent himself has interest in the subject matter of agency is called

A contract of indemnity is a

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:

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:

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

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

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

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

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
_________.

Gratuitous bailment means bailment ___________

_____________ 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

Delivery of keys of a car to a friend is an example of __________