ASSIGNMENT ONE

Total marks 10
(In case of plagiarism of one another first reply will be accepted, rest will be rejected
with new special (difficult) assignment). Please try to apply your mind from notes and
my guidance.

Elaborate, in detail with Authority of Sections from Contract Act, the difference between
the following:
Contract of Indemnity,
Contract of Guarantee,
Contract of Bailment,
Contract of Pledge, and
Contract of Agency.

Mere difference of definitions would not suffice. Please explain the factors leading to
difference with examples, where necessary, to avoid repetition.