Legal Aspects Of Business - Study Mode

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[#966] Which of the following statements are true in context of a company under Company Act, 2013? 1. A company can become a member of another company 2. Member's voluntary winding up takes place when the company is insolvent 3. Only board of director can convene Extraordinary General Meeting

(A) 1 and 2

(B) 2 and 3

(C) 1 and 3

(D) 1, 2 and 3

Correct Answer

(D) 1, 2 and 3

[#967] Second appeal to the Central Information Commission or the State Information Commission can be preferred by the applicant within . . . . . . . . days from the date on which the decision was given or should have been made by the first Appellate Authority.

(A) 30

(B) 45

(C) 60

(D) 90

Correct Answer

(D) 90

[#968] The extent of the liability under an indemnity depends on

(A) the nature and terms of the contract

(B) the case which must be governed by his own facts and circumstances

(C) Both A and B

(D) None of the above

Correct Answer

(C) Both A and B

[#969] Match the following. List-I List-II a. Definition of Negotiable Instrument 1. Section 4 b. Promissory Note 2. Section 5 c. Bill of Exchange 3. Section 6 d. Cheque 4. Section 13

(A) a-1, b-2, c-3, d-4

(B) a-4, b-1, c-2, d-3

(C) a-4, b-3, c-2, d-1

(D) a-2, b-3, c-1, d-4

Correct Answer

(B) a-4, b-1, c-2, d-3

[#970] Contractual rights and duties are created by

(A) state

(B) statue

(C) parties

(D) custom or usage

Correct Answer

(C) parties