Legal Aspects Of Business - Study Mode

[#66] The whole process of the company formation may be divided into three direct stages, the sequence is:
Correct Answer

(A) Promotion, incorporation by registration, commencement of business

[#67] Where the seller expressly reserves the right of resale in case the buyer makes a default. If there are losses to the seller, on a resale, the seller . . . . . . . .
Correct Answer

(B) can claim the same from the buyer as damages

[#68] Which of the following are included for trade in services?
Correct Answer

(C) Insurance

[#69] Which of the following can be put as the rights of surety?
Correct Answer

(D) All of the above

[#70] Quorum for a board meeting is
Correct Answer

(A) $$frac{1}{3}$$ of total number of directors or 2 directors, whichever is higher