A. Surety holder
B. Principal debtor
C. Both (a) and (b)
D. None of above
Related Mcqs:
- In contract of guarantee the person who gives guarantee is called __________________?
A. Surety
B. Principal debtor
C. Both (a) and (b)
D. None of above - The contract of guarantee is a contract in which a person perform the promise or discharge the liability of__________________?
A. The contractor
B. Stranger
C. Third person
D. None of above - The delivery of goods by one person to another for some purpose upon a contract that they shall when the purpose is accomplished be returned or otherwise dispose of upon discretion of the delivering person the contract is called___________________?
A. Indemnity
B. Bailment
C. Contingent Contract
D. None of above - Whoever cheats by pretending to be some other person, or by knowingly substituting one person for another or represents that he or any other person is a person other than he or such other person really is, he commits the offence which is _______________ ?
A. Called cheating by personation
B. Cheating
C. Fraud
D. None of these - As per section 143, of the Contract Act guarantee obtain by the creditor by concealment is _______________?
A. Invalid
B. Valid
C. Both A and B
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 - A makes a contract with B to buy B’s horse if A survives C. This contract cannot be enforceed by law ?
A. Unless and until C dies in A’s life time
B. Unless and until A dies in C’s life time
C. Both A and C dies
D. None of above - Contingent Contract is defined is section______________ of The Contract Act?
A. 25
B. 26
C. 27
D. None of above - Section_________ of the Contract Act, deals with enforcement of contract contingent on an event happening?
A. 30
B. 31
C. 32
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
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