Home - MCQ Questions - Agricultural Economics - 1872 Contract Act - MCQ

Agricultural Economics - 1872 Contract Act - MCQ Online Exam Quiz

Important questions about Agricultural Economics - 1872 Contract Act - MCQ. Agricultural Economics - 1872 Contract Act - MCQ MCQ questions with answers. Agricultural Economics - 1872 Contract Act - MCQ exam questions and answers for students and interviews.

Article 214 of the Contract Act, bound an agent to communicate with ______________ in cases of difficulty?

Options

A : Sub-agent

B : Principal

C : Legal Advisor

D : None of these

As per-section 201, of the Contract Act an agency can be terminated by__________________?

Options

A : The principal revoking his authority

B : The agent renouncing the business of the agency

C : The completion of agency business

D : All of above

In spirit of section 189, of the Contract Act agents authority in an emergency is_________________?

Options

A : Limited depends upon principal permission

B : Unlimited agent can do all necessary act without principal permission

C : Both A and B

D : None of above

The person acting employed by under the control of the original gent in the business of the agency is called_______________?

Options

A : Assistant agent

B : Associate agent

C : Sub-agent

D : None of above

An unsound person cannot become____________________?

Options

A : An agent

B : Principal

C : Both A and B

D : None of above

As provided in section 183, any person who is of the age of majority according to the law to which he is subject and who is of sound mind may employ______________?

Options

A : Servant

B : A Labour

C : An agent

D : None of above

The person for whom agents do any act or to represents whom is called______________?

Options

A : Employer

B : Principal

C : Managing director

D : None of above

Section 178, of the Contract Act 1872 deals with______________?

Options

A : Pledge by Trust agent

B : Pledge by mercantile agent

C : Pledge by international agent

D : None of above

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

Options

A : 146

B : 147

C : 148

D : All of above

The term “Pledge” means________________?

Options

A : A thing which is given as security

B : A thing which is saled out

C : Both A and B

D : None of above

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

Options

A : Pledge

B : Special bailment

C : Both A and B

D : None of above

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

Options

A : 148, of the Contract Act

B : 149, of the Contract Act

C : 150, of the Contract Act

D : None of above

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

Options

A : Bailor

B : Bailee

C : Both A and B

D : None of above

The term “Bailment” means________________?

Options

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

As per section 143, of the Contract Act guarantee obtain by the creditor by concealment is _______________?

Options

A : Invalid

B : Valid

C : Both A and B

D : None of above

A continuing guarantee may at any time be revoked by the surety as to future transaction by giving notice to ________________?

Options

A : The creditor

B : Principal debtor

C : Without giving any notice to any person

D : None of above

In contract of guarantee the person who gives guarantee is called __________________?

Options

A : Surety

B : Principal debtor

C : Both (a) and (b)

D : None of above

“Guarantee” means_______________?

Options

A : Surety

B : The word is also used as a name, to denote the contract of guarantee or the obligation of grantor

C : All the above

D : None of above

Section 142 of the Contract Act 1872 deals with _________________?

Options

A : Guarantee obtained by free consent

B : Guarantee obtained by fraud

C : Guarantee obtained by miscrepresentation

D : Non of these

A guaranfee which extend to a series of transactions is called ____________________?

Options

A : Special guarantee

B : Continuing guarantee

C : Specific guarantee

D : None of above

MCQ Questions more Online Exam Quiz

Copyright © 2021
Exam-GK-MCQ-Questions.Com | Contact Us | Privacy Policy | Terms of Use | Sitemap | 0.020498037338257