Legal Aspects Of Business - Study Mode
[#156] If it appears from the nature of the case that it was the intention of the parties to any contract that any promise contained in it should be performed by the promisor himself:
Correct Answer
(C) must be performed by the promisor himself
[#157] For consumers, . . . . . . . . results in higher price, poor quality and less choice.
Correct Answer
(A) cartelisation
[#158] A is one who performs the preliminary duties necessary to bring a company into being and float it. Identify A.
Correct Answer
(B) Promoter
[#159] When laws or court orders, force a company to appoint a liquidator who sells assets and distributes the proceeds to creditors it is:
Correct Answer
(A) Compulsory winding up of a company
[#160] Caveat emptor means
Correct Answer
(C) let the buyer beware