1) A guarantee which covers only one transaction is called:

a) simple.b) ordinary.

c) specific.d) all above.

3) The right of subrogation is available to:

a) principal debtor.b) guarantor.

c) creditor.d) bailee.

5) The following person has no right to sell the goods in his custody:

a) bailee.b) pledgee.

c) owner.d) factor..

7) In the case of future goods, a seller can make only :

a) contract of sale.b) agreement to sell.

c) both above.d) none above..

9) A stipulation not essential to the main purpose of the contract of sale is called:

a) condition.

b) warranty..

c) both above..

d) none above.

2)The liability of the following person is primary in case of contract of indemnity:

a) creditor.b) surety.

c) indemnifier.d) indemnity-holder.

4) The following person has a duty to take reasonable care of goods in his custody:

a) bailor.b) guarantor.

c) pledgee.d) none above.

6) In the Sale of Goods Act, the following is not considered as goods:

a) grass..b) trees..

c) water.d) actionable claim.

8) An agreement to sell is :

a) executed contract.b) executory contract..

c) both above.d) none above.

10) The doctrine of caveat emptor makes the following person responsible for suitability of sold goods:

a) buyer.

b) seller.

c) bailor..

d) pledgee.

Note: answers should be according to Pakistani law