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Name: Hall-Ticket No: Subject: Contracts-Ii Sign
Name: Hall-Ticket No: Subject: Contracts-Ii Sign
2) The contract by which one party promises to save the other from loss caused by
the conduct of promiser himself is called contract of---- ( )
a. guarantee b. indemnity c. bailment d. agency
1) The person for whose protection, the indemnity is given is called ____________________
2) The liability of the surety is co-extensive with that of ____________________
3) Legal claim to hold property as security is known as _____________________
4) The person to whom guarantee is given is called _________________________
5) The thing deposited as a security is called a ____________________________
6) Where an agent undertakes on payment of some extra commission to the principal
for the failure of third party to perform contract he is called ____________________________
7) The relationship of agency may also arise by the conduct of the parties.
These are called ________________ agencies.
8) Consideration for sale of goods must be ______________________
9) Caveat Emptor means ______________________
10) Pledge is a transfer of personal property as a ___________________ for a debt .
SHORT ANSWERS:
1. Contract of Bailment.
2) Termination of Agency.
3) Lien of Bailee.
4) Contract of Indemnity.
5) Pledge.