Question

What is a warranty?

(A) It is a stipulation about the contract.

(B) It is a stipulation essential to the main purpose of the contract

(C) It is a stipulation collateral to the main purpose of the contract.

(D) It is a statement of commendation by the seller.

20. Which of the following conditions does not qualify a seller to be called as unpaid seller?

(A) Only a very small amount is unpaid on the whole contract

(B) Seller has sold goods on cash terms

(C) Seller was not available , when buyer tendered the payment lawfully

(D) When a bill of exchange has been received and the same has been dishonoured.

21. A without B’s authority let outs flat to C. Afterwards; B accepts rent of the flat from C. It is an agency by …………….

(A) Holding out

(B) Estoppel

(C) Ratification

(D) Necessity

22. The delivery of goods by one person to another as security for the payment of a debt is called:

(A) Bailment

(B) Pledge

(C) Mortgage

(D) Hypothecation

23. The delivery of goods by one person to another for some specific purpose and time is known as:

(A) Mortgage

(B) Pledge

(C) Bailment

(D) Charge

24. An agreement of social and domestic nature is ……..

(A) A void agreement

(B) An unenforceable contract

(C) A void contract

(D) An illegal agreement

25. A contract which is valid when entered into but subsequently becomes invalid is …..

(A) A void contract

(B) A voidable contract

(C) A quasi contract

(D) An implied contract

26. A specific offer can be accepted by ……….

(A) Any person

(B) Any friend of offeree

(C) Any friend of offeror

(D) The person to whom it is made

27. An offer made to the world at large is called …….

(A) General offer

(B) Specific offer

(C) Social offer

(D) Standing offer​

Answer 1

Answer:

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