Legal Aspects Of Business - Study Mode
[#311] According to Section 14, consent is said to be free when it is not caused by: 1. Coercion 2. Undue influence 3. Fraud 4. Misrepresentation 5. Mistake
Correct Answer
(D) 1, 2, 3, 4 and 5
[#312] Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R) . Read the statements and choose the correct answer: Assertion (A): Consumers need to be given legal protection against certain trade practices and business methods. Reason (R): Protection as per market forces and 'Caveat Emptor' is not enough as perfectly competitive market is an economics dream and consumer sovereignty is a myth.
Correct Answer
(A) Both (A) and (R) are correct, but (R) is not the right explanation of (A)
[#313] Which of the following does not form the part of the important information to be incorporated in the Memorandum of Association as specified in the Companies Act, 2013?
Correct Answer
(C) The rules, regulations and bye-laws for the internal management of the company
[#314] If a company fails to secure the minimum subscription, then it should :
Correct Answer
(C) Return with interest the application money to the applicants within a stipulated period
[#315] It is an integral part of Sales of Goods Act. It means 'let the buyer beware'. The term expressed below has Latin origins. What is the exact term for that?
Correct Answer
(C) Caveat emptor