1.Defaulting pawner’s right to redeem lasts upto-
a.the time stipulated for payment of debt.
b.the time before actual sale of the goods pledged.
c.the time before he receives a notice of sale of the goods.
d.He can redeem the goods even after sale, if he pays any expenses which had arisen from his default.
Ans.b
Sol.
- Sec.177 of the Indian Contract Act speaks about defaulting pawnor’s right to redeem.
- According to it a pawnor, who defaults in payment of the debt amount at the stipulated date, has a right to redeem the debt at any subsequent time before the actual sale of goods pledged.
2.In the absence of a contract or local law or usage to the contrary, a lease of immovable property for any purpose other than agricultural or manufacturing purposes shall be terminable on the part of either lessor or lessee by _______ days notice.
a.30 days
b.60 days
c.15 days
d.90 days
Ans.c
Sol.
- Where the lease is otherwise valid except that its term is not given, the term is fixed on the basis of local law and customs, if any. In the absence of any mutually agreed term in the lease, local law or, custom in respect of its duration, the term of a lease is ascertained under the provisions of Section 106 of Transfer of Property Act.
- This section has classified leases into two categories for ascertaining the term of a lease
(i) Leases from year to year, when the lease is made for agricultural or manufacturing purposes.
(ii) Leases from month to month, when the lease is made for any other purpose. - It also provides for the requirement of notice by lessor or lessee whosoever wants its termination.
- For termination of yearly tenancy six months notice and, for monthly tenancy fifteen days
notice is necessary.
3.Which one is the incorrect statement?
a.An injunction cannot be granted to restrain any person from prosecuting a judicial proceeding.
b.An injunction cannot be granted to prevent a breach of contract, performance of which could not be specifically enforced.
c.An injunction cannot be granted to prevent a breach of contract, performance of which could be specifically enforced.
d.An injunction cannot be granted when the plaintiff has no personal interest in the matter
Ans.c
Sol.
- Sec.41 of the Specific Relief Act lists down 11 circumstances under which an injunction cannot be granted.
- Sec.41(e) provides that an injunction cannot be granted to prevent the breach if a contract,
the performance of would not be specifically enforced. - If the contract is of nature that it cannot be specifically enforced , a court will not grant an injunction to prevent the breach of such a contract.
4.Any material alteration of a negotiable instrument, if made by an indorsee, has the effect of
a.discharging his indorsor from all liabilities.
b.binding himself with the liability.
c.both the indorsee and indorsor are discharged from the liability.
d.no legal effect at all.
Ans.a
Sol.
- Sec.87 of the Negotiable Instruments Act speaks about the Effect of material alteration of a negotiable instrument.
- According to it any material alteration of a negotiable instrument renders the same void as against anyone who is a party thereto at the time of making such alteration and does not consent thereto. Therefore, where the holder makes a material alteration he loses his right to action against the parties who are otherwise liable towards him.
- However where such material alteration is made in order to carry out the common intention of the original parties then it is binding on all and it does not amount to discharge.
- Alteration by indorsee — any such alteration, if made by an indorsee discharges his indorser from
all liability to him in respect of the consideration thereof.
5.Which Indian City is called as Orange City?
a.Nagpur.
b.Hyderabad.
c.Jaipur.
d.Gwalior.
Ans.a
Sol.
- Nagpur is the winter capital of the state of Maharashtra and also a major commercial and political center of the Vidarbha region of Maharashtra.
- It is also famous throughout the country as “Orange City” for being
a major trade center of oranges that are cultivated in the region.
