Legal Aspects Of Business - Study Mode
[#941] Which of the following statements are true in context of benefits of GST?
Correct Answer
(D) All of the above
[#942] Which of the following is/are true about Bill of Exchange? 1. A bill of exchange requires in its inception two parties. 2. A bill of exchange or 'draft' is a written order by the drawer to the drawee to pay money to the payee. 3. Bills of exchange are used primarily in international trade, and are written orders by one person to his bank to pay the bearer a specific sum on a specific date. 4. Definition of 'Bill of Exchange' is mentioned in Section 6 of the Negotiable Instrument Act.
Correct Answer
(C) 2 and 3
[#943] Which of the following does not fall under not 'coercion' according to Indian Contract Act, 1872?
Correct Answer
(C) Coercion gives one person an advantage of a position of power over another person
[#944] Special Resolution is not necessary in the case of
Correct Answer
(D) issue of shares at a discount
[#945] Which of the following documents comes under Doctrine of Constructive Notice?
Correct Answer
(C) The Memorandum and Articles of Association