CBL MCQ Test 1

The person who promises to make good the loss is known as (a)   .

A Contract of indemnity is a species of the (a)   contract.

A contract of guarantee must have all the essential elements of (a)   .

In case of a contract of indemnity , the liability of the indemnifier arises only on the (a)   .

When a guarantee extends to a series of transactions, it is called (a)   .

When a debt is guaranteed by two or more sureties, they are called (a)   .

Between co-sureties there is (a)   of burden and benefit .

On payment of debt , the surety steps in to the shoes of (a)   .

The liability of the surety is (a)   with that of the principal debtor unless it is otherwise provided by the contract.

The death of a surety puts an end to the contact of (a)   .