1:HIRA AND AYESHA HAD A SALES AND INDEMNITY CONTRACT . LATER ON HIRA BREACHED THE SALES CONTRACT , DUE TO WHICH AYESHA SUFFERS SOME FINANCIAL LOSS. HERE HIRA IS ___________ OF THE INDIMNITY CONTRACT

2: KEEPING IN MIND THE ABOVE EXAMPLE AYESHA IS AN_____________ IN INDEMNITY CONTRACT

3: __________ IS A CONTINGENT CONTRACT

BAILMENT

QUASI

INDEMNITY

4: SARA LEFT HER PUPPY WITH NIGHAT FOR ITS SAFE CUSTODY, AS SHE LEAVES FOR TURKEY. BY LAW ITS A

QUASI CONTRACT

NON GRATUITOUS BAILMENT

NONE OF THE ABOVE

5: WIITH REFERENCE TO THE ABOVE QUESTION , AFTER SARA RETURNS FROM TURKEY SHE FIND OUT THAT HER PUUPY IS NO MORE DUE TO NATURAL DEATH. THIS CONTRACT IS

IN EXECUTORY STATE

EXECUTED STATE

TERMINATED

6: A GUARANTEE FOR MANY TRANSACTION FOR A SPECIFIED PERIOD OF TIME IS CALLED

7: ________ IS A SPECIAL KIND OF BAILMENT

CONTINGENT CONTRACT

PAWN

WARRANTIES

8: BY LAW THE FINDING OF A LOST GOODS IS ALSO A_________ CONTRACT

9: MAHA FOUND A GOLD BRACELET, SHE TRIED TO FIND ITS REAL OWNER FOR TWO TWO GOOD YEARS BUT UNFORTUNATELY COULD'NT. SAFDAR ASKED HER TO GIVE HIM THE BRACELET BECAUSE SHE WASNT THE REAL OWNER AND HAS NO RIGHT TO RETAIN THE BRACELET. HIS CLAIM IS ________

RIGHT

WRONG

10: WITH REFERENCE TO THE ABOVE QUESTION SAFDAR FORCE MAHA TO HAND OVER THE BRACELET TO HIM AS MAHA TOO IS NOT THE OWNER JUST LIKE HIM. SO HE TOO HAVE EVERY RIGHT TO KEEP THE BRACELET. CAN SHE SUI SAFDAR?

YES

NO

11: MOST OF THE REPAIR SERVICES OFFERED FOR PRODUCTS AND GOODS ARE ___________ CONTRACTS

12: BAILMENT FOR THE BENEFIT OF BAILEE AND BAILMENT FOR THE BENEFIT OF BAILOR IS ALSO CALLED __________

13: FINDER OF THE LOST GOOD HAS 1ST RIGHT TO OWNERSHIP BEFORE THE REAL OWNER

TRUE

FALSE

14: FARHAN BORROWED 30000 RPS FROM FAISAL AND GAVE FAISAL HIS LAPTOP WORTH 50K AS A SECURITY. FARHAN COULDN'T REPAY 30000 RPS TO FAISAL. FAISAL RETAINED THE LAPTOP AND GAVE IT TO FAHAD AS SECURITY FOR A LOAN OF 50000 RPS

FAISAL PLEDGE WITH FAHAD IS NOT VALID

FAISAL PLEDGE WITH FAHAD IS VALID UPTO 30000

LAW DOESNOT ALLOW THIS TYPE OF CONTRACT

15: ALI REFERS SARA TO BLUE TECH.CO CEO FOR A VACANCY OF ADMIN OFFICER . HERE ALI ACT AS A _______ IN IMPLIED FORM

16: IN A _______________ CONTRACT A SURETY CAN REVOKE FOR FUTURE TRANSACTIONS BUT IS LIABLE FOR THE PRESENT AND PAST TRANSACTIONS.

17: BAILMENT FOR BENEFIT OF BAILEE AND BAILOR IS TECHNICALLY SAME AS

18: SALE IS THE TRANSFER OF ___________ AND ___________

OWNERSHIP AND POSSESSION

OWNERSHIP AND PROPERTY

OWNERSHIP AND PRICE PAID

19: IF THE BAILEE DOESNOT USE THE GOODS AS PER THE CONTRACT IS CALLED_________________

20: _____________ MEANS THE CLAIM AGAINST GOODS BY A PERSON WHO IS NOT THE OWNER

21: IN CASE OF BREACH OF A CONDITION THE AGRIEVED PARTY CAN TERMINATE THE CONTRACT WITH MUTUAL CONSENT

TRUE

FALSE

22: THE GOODS THAT ARE IDENTIFIED AND SEPERATED FROM THE BULK AT THE TIME OF CONTRACT OF SALE IS CALLED__________

23: GUARANTEE IS THE IMPLIED FORM OF ____________

24: THE REVERSAL OF THE ROLE OF SURETY INTO CREDITOR IS CALLED

25: FOR FUTURE GOODS CONTRACT OF SALE CAN BE MADE.

TRUE

FALSE