Q18. A contract of 'indemnity' under the Indian Contract Act, 1872, has been defined in Section:
- A. 124
- B. 123
- C. 125
- D. 126
Topic: Contract Law — Indian Contract Act, 1872, Section 124, Contract of indemnity
Contract Law — AIBE Subject Practice
89 Contract Law questions drawn from past AIBE papers. Review sample questions below, then practice the full subject set with answers and explanations.
Practice Contract LawSample Questions
Q69. Which of the following is not an essential of a contract of guarantee
- A. Concurrence of three parties fairies.
- B. Surety's distinct promise to answerable
- C. Liabilities to be legally enforceable
- D. Existence of only one contract
Topic: Contract Law — Indian Contract Act, 1872, Contract of guarantee, Surety, principal debtor and creditor
Q70. The term 'Agent' is defined in Indian Contract Act under Section
- A. 180 of the Act
- B. 181 of the Act
- C. 182 of the Act
- D. 183 of the Act
Topic: Contract Law — Indian Contract Act, 1872 Section 182, Agency, Definition of agent and principal
Q72. A person who gives the guarantee is called
- A. Bailee
- B. Creditor
- C. Debtor
- D. Surety
Topic: Contract Law — Indian Contract Act, 1872 Section 126, Contract of guarantee, Surety
Q73. Which is not a right of an unpaid seller against the goods
- A. Lien
- B. Stoppage in transit
- C. Right of resale
- D. To ascertain price
Topic: Contract Law — Sale of Goods Act, 1930, Unpaid seller, Lien, stoppage in transit and resale