Multiple Choice Questions on A is a contract to perform the promise or discharge the liability of a third person in case of his d........... for Judicial Services (Master) Preparation

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Multiple Choice Questions

A is a contract to perform the promise or discharge the liability of a third person in case of his d...........

Indian Contract Act (ICA)1872 indemnity and guarantee
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    A -------------- is a contract to perform the promise or discharge the liability of a third person in case of his default.

    Contract of Guarantee

    Correct Answer

    Contract of Bailment

    Incorrect Answer

    Contract of Indemnity 

    Incorrect Answer

    Contract of Pledge 

    Incorrect Answer
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    Explanation:

    Contract of Guarantee

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