Question 1

Section ------------ of Indian Contract Act defines a contract of Indemnity.

• Section 127

• Section 124

• Section 125

• Section 130

Question 2

A contract by which one party promises the other party to save from loss which may be caused either by the conduct of the promissor or by the conduct of any other person is called as --------

• Contract of Bailment

• Contract of Guarantee

• Contract of Pledge

• Contract of Indemnity

Question 3

In a contract of Indemnity there are --------

• 3 parties and one contract

• 2 parties and 2 contracts

• 3 parties and 3 contracts

• 2 parties and one contract

Question 4

A Contract of Indemnity is -------

• Void Agreement

• Quasi Contract

• Contingent Contract

• Wagering Contract

Question 5

A Contract of Guarantee is a -------------- agreement.

• Bipartite agreement

• Tripartite agreement

• C)Either (A) or (B)

• None of these

Question 5

A Contract of Guarantee is a -------------- agreement.

• Bipartite agreement

• Tripartite agreement

• C)Either (A) or (B)

• None of these

Question 5

A Contract of Guarantee is a -------------- agreement.

• Bipartite agreement

• Tripartite agreement

• C)Either (A) or (B)

• None of these

Question 2

A contract by which one party promises the other party to save from loss which may be caused either by the conduct of the promissor or by the conduct of any other person is called as --------

• Contract of Bailment

• Contract of Guarantee

• Contract of Pledge

• Contract of Indemnity

Question 3

In a contract of Indemnity there are --------

• 3 parties and one contract

• 2 parties and 2 contracts

• 3 parties and 3 contracts

• 2 parties and one contract

Question 3

In a contract of Indemnity there are --------

• 3 parties and one contract

• 2 parties and 2 contracts

• 3 parties and 3 contracts

• 2 parties and one contract