Indian Contract act Quiz Part-7

The Indian Contract Act, 1872 defines the term “Contract” under its section 2 (h) as “An agreement enforceable by law”. In other words, we can say that a contract is anything that is an agreement and enforceable by the law of the land.

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Indian Contract act Quiz Part-7

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1. Section 124 to 147, of the Contract Act, deals with

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2. A in consideration that B will employ C in collecting the rent of B's zamindari, promises B to be responsible, to the amount of 5000 rupees for the due collection and payment by C of those rents.

This is a

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3. Section 142 of the Contract Act 1872 deals with

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4. Any guarantee obtained by means of misrepresentation made by the creditor or with his knowledge and assent concerning a material part of the transaction is

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5. The contract of insurance is in fact contract of

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6. Section 124, of the Contract Act, define

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7. A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself or by the conduct of any other person is called

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8. "Guarantee" means___

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9. "Indemnity" means

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10. A guarantee which extends to a series of transactions is called

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