The term 'caveat emptor' is a/an
A. Greek word
B. Indian word
C. Latin word
D. British word
Select an option to see the answer and solution.
Which of the following as per the Competition Act, 2002, refers to any agreement requiring a purchaser of goods, as a condition of such purchase, to purchase some other goods?
A. Tie-in-arrangement
B. Exclusive supply agreement
C. Exclusive distribution agreement
D. Refusal to deal
Select an option to see the answer and solution.
One of the following is the instance where the just and equitable clause for winding-up can be adopted by the Tribunal.
A. Oppression of minority by the majority
B. Inability to pay debts
C. Commercial insolvency
D. Reduction of members below minimum
Select an option to see the answer and solution.
Which of the following agreement is called a void agreement?
A. Agreement in restraint of marriage
B. Agreement which is expressed in writing and registered under the law for the time being in force for the registration of documents, and is made on account of natural love and affection between parties standing in a near relation to each other
C. Agreement to compensate, wholly or in part, a person who has already voluntarily done something for the promisor, or something which the promisor was legally compellable to do
D. Agreement made inwriting and signed by the person to be charged therewith or by his agent generally or specially authorized in that behalf, to pay wholly or in part debt of which the creditor might have enforced payment but for the law for the limitation of suits
Select an option to see the answer and solution.
What is a pledge?
A. The bailment of goods as security for payment of a debt or performance of a promise
B. The delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the direction of the person delivering them
C. A contract by which one party promises to save the other from loss caused to him by the contract of the promisor himself, or by the conduct of any other person
D. A contract to do or not to do something, if some event, collateral to such contract, does or does not happen
Select an option to see the answer and solution.
Clauses in the Memorandum of Association of a company are:
OR
The total number of Clauses in the Memorandum of Association of a Company:
Select an option to see the answer and solution.
A agreed to supply certain goods to B which to be procured from C's factory. Due to strike is C's factory, A could not supply the goods. The contract
A. becomes void on account of impossibility
B. becomes voidable on account of difficulty
C. is discharged on account of impossibility
D. is not discharged on account of impossibility
Select an option to see the answer and solution.
A contract of sale of goods includes
A. Sale
B. Agreement to sell
C. Both A and B
D. Neither A nor B
Select an option to see the answer and solution.
RTI Act is not applicable to
A. all non-government organisation substantially financed by political parties
B. all body owned, controller or substantially financed by the appropriate government
C. all non-government organisation substantially financed by the appropriate government
D. All of the above
Select an option to see the answer and solution.
If a Company fails to appoint an Auditor in Annual General Meeting, Auditor may be appointed by
A. Board of Directors
B. State Government
C. Central Government
D. None of the above
Select an option to see the answer and solution.
Which of the following is a made of discharge of contract?
A. By performance of contract
B. By agreement
C. By impossibility of performance
D. All of the above
Select an option to see the answer and solution.
Which of the following can be termed as the features of Limited Liability Partnership?
1. Hybrid form of organization
2. Separate legal entity
3. Perpetual Succession
4. Larger owner/manager distinction
5. Limited liability
A. 1, 2, 3 and 4
B. 2, 3, 4 and 5
C. 2, 4 and 5
D. 1, 2, 3 and 5
Select an option to see the answer and solution.
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
C. Pledge
D. Set off
Select an option to see the answer and solution.
Rules and regulations regarding internal management of a company are given in:
A. Articles of association
B. Prospectus
C. Memorandum of association
D. Statement in lieu of prospectus
Select an option to see the answer and solution.
The time interval between two annual general meeting should not exceed
Or
The maximum time lag between two annual general meetings of a company can be:
A. 12 months
B. 15 months
C. 16 months
D. 20 months
Select an option to see the answer and solution.
Which kind of property is indicated by the Goods?
A. Sellable
B. Immovable
C. Existing
D. Movable
Select an option to see the answer and solution.
When consent to an agreement is caused by coercion, fraud or misrepresentation, the agreement is a contract . . . . . . . . whose consent was so caused.
A. valid
B. void ab initio
C. legally enforceable
D. voidable at the option of the party
Select an option to see the answer and solution.
Statutory meeting is not to be held if a new company is a:
A. Public limited company
B. Government company
C. Private limited company
D. FERA company
Select an option to see the answer and solution.
Which characteristic of a patentable product is emphasised by Article 54 of the EPC?
A. Exclusivity
B. Grant
C. Commercial Value
D. Novelty
Select an option to see the answer and solution.
A Public Corporation is:
A. Any corporate body set up for business purposes
B. A company registered under the Indian Companies Act
C. An undertaking constituted by any public authority
D. An undertaking constituted under a special enactment of either the Parliament or the State legislature
Select an option to see the answer and solution.