[Solution]BUSINESS AND LABOUR LAWS (MGT 611)

BUSINESS AND LABOUR LAWS (MGT 611)Assignment No. 4 (Quiz)Marks: 10Due Date: 25/4/16Instructions:???? To attempt the quiz, students are supposed to submit their solution files (MS…

BUSINESS AND LABOUR LAWS (MGT 611)Assignment No. 4 (Quiz)Marks: 10Due Date: 25/4/16Instructions:???? To attempt the quiz, students are supposed to submit their solution files (MS Word Documents) in the following “table format” (SAMPLE):Q No.Selected Option1A2D3B4???? Quizzes not prepared in “table” would be graded zero marks.???? Prepare your solution in “doc” or “rtf” format. Do not prepare your assignments in Excel, Power Point, PDF or any other format.Questions:1. Mr. S delivered some ornaments for safe custody to his neighbor, without any charge for that. This is _________.a. Contract of indemnityb. Contract of bailmentc. Contract of pledged. Not a valid contract2. Mere attempt to deceipt the other party is __________.a. Fraudb. Misrepresentationc. Not fraud if other party is not deceivedd. Coercion3. When a promise is to be performed without application of promise, and no place is fixed for the performance of it, what the promisor can do to perform the promise?a. He can perform the promise anywhereb. He must perform the promise at promisee’s housec. He has to apply to the promise to appoint a placed. He is not liable to perform the promise as the contract is not valid4. A contract between creditor and principal debtor, in a contract of guarantee, is called _______.a. Primary contractb. Secondary contractc. Tertiary contractd. Contract of indemnity5. When a person does an act which is against public duty, the agreement is ________.a. Validb. Voidc. Voidabled. Illegal6. A person who promises to make good the loss in a contract of indemnity is called:a. Indemnifierb. Indemnifiedc. Indemnity holderd. Insurance agent7. Mr. A contracts to pay Mr. C Rs.10000 if Mr. C’s house is burnt. Which type of contract is it?a. Quasi contractb. Wagering contractc. Contingent contractd. Bilateral contract8. In which of the following cases, the court may refuse to grant rescission?a. Plaintiff has expressly ratified the contractb. Parties can not be restored to their original position due to changed circumstancesc. Third party has acquired right in good faith and valued. Only a part of contract is to be rescinded and such part can be separated from the rest of contract9. A painter contracts to paint a picture for his customer for Rs.1000. Who can perform the contract?a. The painter himselfb. Assistant of painter who is also a painterc. A student of painter who is learning paintingd. Painter or his assistant only10. When a supplier is unable to deliver the goods on due date due to strike in his factory, according to Section 56 of contract act, the agreement:a. Becomes voidb. Is dischargedc. Is not dischargedd. Is voidable

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