Legal Aspects Of Business - Study Mode
[#326] What is contract of indemnity?
Correct Answer
(C) A contract by which one party promises to save the other from loss caused to him by the contract of the promisor himself, or by the conduct of any other person
[#327] If the interests of a third party are involved in information sought for, the maximum time limit to get the information will be
Correct Answer
(B) 40 days
[#328] Mr. X, a builder, contracts to erect and finish a house by the 1 st January, in order that Mr. B may give possession of it at that time to Mr. C, to whom Mr. B has contracted to let it. Mr. A is informed of the contract between Mr. B and Mr. C. Mr. A builds the house so badly that, before the 1 st January, it falls down and has to be rebuild by Mr. B, who in consequence, loses the rent which he have received from Mr. C and is obliged to make compensation to Mr. C for the breach of his contract.
Correct Answer
(D) All of the above
[#329] One of the following statement is not connected with the liabilities of a company secretary:
Correct Answer
He is liable for breach of trust
[#330] Statement I It is a pre-condition of right of stoppage in transit that seller must have parted with possession of goods. Statement II Unpaid seller can exercise his rights of resale when goods are in his possession. Statement III Where property in goods has been passed to the buyer, seller can file a suit against buyer for recovery of price. Which of the above statement(s) is/are true?
Correct Answer
(C) Both I and II