Legal Aspects Of Business - Study Mode
[#676] In which of the following cases the unpaid seller cannot exercise the right of lien on goods in his possession?
Correct Answer
(D) Where the goods have been sold on credit but the term of credit has not expired
[#677] As per the 101 st Constitution Amendment Act, the power to levy GST rests on . . . . . . . .
Correct Answer
(C) State & Union Govt.
[#678] When all the rights under a negotiable instrument are extinguished and instrument cannot be further negotiated, it is called . . . . . . . . of instrument.
Correct Answer
(C) Discharge
[#679] A contract where the seller transfers or agrees to transfer property in goods to buyer for a price is called.
Correct Answer
(A) Contract of sale
[#680] Where a promisor has made an offer of performance to the promise and the offer has not been accepted:
Correct Answer
(B) The promisor is not responsible for non-performance, nor does he thereby lose his rights under the contract