The Bailment of goods as security for payment of a debt or performance of a promise is called: A. Pledge B. Bailment C. Contingent contract D. Agreement

The Bailment of goods as security for payment of a debt or performance of a promise is  called:
A. Pledge
B. Bailment
C. Contingent contract
D. Agreement
by

1 Answer

Answer :

A. Pledge
by

Related questions

The bailment of goods as security for payment of a debt or performance of a promise a) Pledge b) Lien c) Agency d) Bailment

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Last Answer : a) Pledge

The delivery of goods by one person to another for some purpose, upon a contract and that they shall, when the purpose is accomplished, be returned or otherwise disposed of by accounting to the directions of the person delivering them, then it is called: A. Contingent contract B. Bailment C. Pledge D. Contract of indemnity

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Last Answer : B. Bailment

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Last Answer : D. All the above.

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Which of the following legal statement is incorrect? (a) An agreement enforceable by law is a contract [Section 2] (b) All agreements are contracts [Section 10] (c) A proposal when accepted becomes a promise [Section 2] (d) Every promise and every set of promise forming the consideration for each other is an agreement [Section 2(e)]

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Deepak, Ashwani and Tarun jointly promised to pay ` 90,000 to Pradeep. Deepak was compelled by Pradeep to pay the entire amount of ` 90,000. Here: A. Deepak can file a suit against Pradeep for recovery of amount exceeding his share. B. Deepak is entitled to recover ` 30,000 each from Ashwani and Tarun C. On payment by Deepak, the contract is discharged and Ashwani and Tarun are also not liable to Deepak. D. Pradeep is not justified here and is liable to refund the entire amount to Deepak.

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CHOOSE THE WORD FROM THE OPTIONS WHICH IS NEARLY SIMILAR IN MEANING TO THE GIVEN WORD: Pledge A. Plain B. Rough C. Playful D. Promise

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CHOOSE THE WORD FROM THE OPTIONS WHICH IS NEARLY SIMILAR IN MEANING TO THE GIVEN WORD: Pledge A. Plain B. Rough C. Playful D. Promise

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The agent having in customary course of business as such agent authority either to sell goods or to consign goods for the purpose of sale or to buy goods or to raise money on the security of goods is called A. Agent B. Mercantile agent C. Partner D. None of above

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When, at the desire of the promisor, the promisee or any other person has done or abstained from doing or, does or abstain from doing or promises to do or to abstain from doing something, such act or abstinence or promise under section 2(d) is called A. Reciprocal promise B. Consideration for the promise C. Counter offer D. Acceptance.

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An agreement reached between a bailer and a bailee is a) Mortgage b) Bailout c) Bailment d) Codicil

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Bailment is a special kind of contract that is widely used in business and in: a) Personal affairs b) Cultural activities c) Academic research d) Charitable institution

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A ________ Level Agreement (SLA) is the contract for performance negotiated between you and a service provider. a) Service b) Application c) Deployment d) All of the mentioned

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Transfer of an existing or future right, property or a debt by one person to another is called 1. assignment 2. pledge 3. endorsement 4. charge 5. None of these

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A contract for the sale of “future goods is “ a) agreement to sell b)sale c) void d)voidable

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What similarity between contract pledge and mortgage?

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The person whom delivered the goods for bailment process is called a) Bailee b) Bailor c) Pawnor d) Pawnee

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What is the subject matter of bailment a) Movable goods b) Immovable goods c) Perishable goods d) All of the above

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In general all of the following are requirement for a bailment; except that the: a) Bailor must be in possession of goods b) Bailee must intent to possess goods c) Bailee must return identical goods d) Actual ownership of goods is necessary

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Any one in possession of goods can create bailment relationship and becomes: a) Bailee b) Bailor c) Executor d) Administrator

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Which is not the case of termination of bailment (a) Where the bailee wrongfully uses or dispose of the goods bailed. (b) When the period of bailment expires (c) When the object of bailment has been achieved (d) None of the above

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When a seller requires that a dealer not handle competitors' products, the agreement is called a/an A. Exclusive distribution B. Exclusive dealing C. Control criterion D. Dual distribution

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