Contracts and Agreements Quiz

Every promise and every set of promises, forming the consideration for each other, is called as:

• A voidable contract

• A contract

• A void contract

• An agreement

In bailment - Which Statement is True

• Possession of the Goods is Transferred from Bailor to Bailee for his Use

• Possession of the Goods is Transferred from Bailor to Bailee for a Particular Purpose

• Ownership of the Goods is Transferred from Bailor to Bailee for a Particular Period

• Bailee has General Lean over the Goods

Which of the Following Session Defines the Contract of Guarantee?

• 124

• 125

• 126

• 127

An agreement which is enforceable by law at the option of other or others is:

• A contract

• A voidable contract

• Void

• A void contract

An agreement was entered into with the minor. This agreement is:

• Void

• Voidable

• Bad

• Illegal

Which of the Following Session Defines the Contract of Bailment?

• 124

• 125

• 126

• 127

A contract of Guarantee Consist of

• Contract between Principal Debtor and Creditor

• Contract Between Creditor and Guarantor

• Contract between Principal Debtor and Creditor

• All of these

Which of the Following Session Defines the Contract of Indemnity?

• 124

• 125

• 126

• 127

Every promise and every set of promises, forming the consideration for each other, is called as:

• A voidable contract

• A contract

• A void contract

• An agreement

A contract to sing for B at a concert for 1,000 rupees, which are paid in advance. A is too ill to sing.

• a) A is not bound to make compensation to B for the loss of the profits which B would have made if A had been able to sing

• b) A is not bound to make compensation or refund to B

• c) A must refund to B the 1,000 rupees paid in advance

• d)  both (A) and (C)