Legal Aspects Of Business - Study Mode

[#741] In case there is a contract for sale of goods by sample and description, it is necessary that:
Correct Answer

(C) the bulk of goods shall correspond with the sample as well as description

[#742] Which of the following is NOT a usual feature of a Company?
Correct Answer

(C) Unlimited Liability

[#743] X owes Rs. 10,000 to Y under a contract. It is agreed between X, Y, and Z that Y shall hence forth accept Z as his debtor instead of X for the same amount. Old debt of X is discharged and a new debt from Z to Y is contracted. This is:
Correct Answer

(C) Novation of contract

[#744] What are the limits of number of members in a Private Company?
Correct Answer

(D) Two hundred

[#745] ABC is a government company and B company is a subsidiary of ABC. Then X company will be a:
Correct Answer

(C) government company