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Law · Q780

Indian Contract Act

Graduate and Post Graduate · Law · question 780

Q780

X transfers possession or custody of the farmland to his son, S. S shall pay rent or a lease fee in return. S only receives custody and control of the property, but X still owns it. X is thus responsible for paying the property taxes and is liable for what happens on the land. This kind of contract or arrangement is called:

A.
Guarantee
B.
Bailment
Answer
C.
Pledge
D.
Set off

Answer: Option B

Solution

Answer: Option B
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