Which of the following statements regarding the mitigation of loss in special contracts are correct? I. The indemnity holder must take reasonable steps to mitigate or minimize the loss or damage suffered. II. Failure by the indemnity holder to mitigate the loss does not affect the indemnifier's liability. III. The indemnifier has the right to take reasonable steps to mitigate or reduce the loss or damage, which may involve intervening in the situation. IV. In a contract of guarantee, the creditor must take reasonable steps to mitigate or minimize the loss suffered in case of default. Choose the most appropriate answer from the options given below:

A claim for necessaries of life supplied to a minor under Section 68 of the Indian Contract Act, 1872:

Under the Indian Contract Act, 1872, the Pawnee has NO right to retain the pledged goods for:

Which of the following statements are correct under Indian Contract Law? I) A agrees to let her daughter to be hired to B for concubinage. The agreement is void because it is immoral. II) 'Public policy is an unruly horse.' III) A promises B to drop prosecution instituted against B for robbery, and B promises to restore the stolen property. This agreement is enforceable as its object is lawful. IV) A contract for sale of goods where the price is intended to be paid out of black money is opposed to public policy.