Special Contracts

Special Contracts

University - Professional Development

20 Qs

quiz-placeholder

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Special Contracts

Special Contracts

Assessment

Quiz

Business

University - Professional Development

Practice Problem

Hard

Created by

Dr. De

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______ is the bailment of goods as security for payment of a debt or performance of a promise

Equitable Mortgage

Pledge

Gratuitous Bailment

Mortgage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Equitable Mortgage

Pledge

Bailment

Hypothecation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a customer gives his/her valuables, Securities to the bank for safe keeping then the customer became the _______

Bailor

Creditor

Debtor

Bailee

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a bank grants loan or other credit facilities to the customer then the Banker is ____

Borrower

Creditor

Debtor

Agent

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A non-gratuitous bailment or bailment for reward is one that involve some consideration passing between the bailor and the bailee.

True

False

Partly True

Partly False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not covered under the ‘contract of Indemnity’?

Fire insurance

Theft insurance

Life insurance

Marine insurance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who authorizes Mercantile Agents to buy or sell goods?

Commercial Agent

Principal

Broker

Banker

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