The bailment of goods as security for payment of debt or performance of a promise is called_______________?

Related Mcqs:

1. A promises to superintend on behalf of B, a legal manufacture of indigo and an illegal traffic in other articles, B promises to pay A salary of 10,000/- rupees year. The agreement is void the object of A’s promise, and consideration for B’s promise being in part________________?

   A. Lawful
   B. Unlawful
   C. Both (a) and (b)
   D. None of above

2. The person to whom goods are delivered according Bailment is called ___________________?

   A. Bailor
   B. Bailee
   C. Both A and B
   D. None

3. The person who during the contract of bailment deliver goods is called ?

   A. Bailor
   B. Bailee
   C. Both A and B
   D. None of above

4. In Bailment, bailor is duty bound to disclose fault in goods bailed as provided in section________________?

   A. 148, of the Contract Act
   B. 149, of the Contract Act
   C. 150, of the Contract Act
   D. None of above

5. Promise which forms the consideration or part of the consideration for each other is called_______________?

   A. Simple promise
   B. Conditional promise
   C. Reciprocal promise
   D. None of above

6. The term “Bailment” means________________?

   A. A delivery of a thing entrusted for some special purpose or object upon a contract
   B. Delivery of goods free of cost
   C. Delivery of goods without cost for welfare of public
   D. None of above

7. The definition of ‘Bailment’ is provided in section ________________, of the Contract Act?

   A. 146
   B. 147
   C. 148
   D. All of above

8. The Bailment in which neither party is entitled to any remuneration is called___________?

   A. Simple Bailment
   B. Gratuitous Bailment
   C. Bailment of reward
   D. None of these

   Submitted by: Hafeez Alam Saila

9. The Bailment in which either the Bailor or the Bailee is entitled to some remuneration is called________?

   A. Gratuitous Bailment
   B. Bailment for reward
   C. Simple Bailment
   D. None of these

   Submitted by: Hafeez Alam Saila

10. 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