Legal Aspects Of Business - Practice Test

[#341] Which of the following as per the Competition Act, 2002 refers to any agreement to sell goods on condition that the prices to be charged on the resale by the purchaser shall be the prices stipulated by the seller unless it is clearly stated that prices lower than those prices may be charged?

(A) Tie-in-arrangement

(B) Exclusive supply agreement

(C) Exclusive distribution agreement

(D) Resale price maintenance

Correct Answer

(D) Resale price maintenance

[#342] Which of the following is an essential of promissory note?

(A) Written

(B) Certain Sum

(C) Unconditional promise to pay

(D) All of the above

Correct Answer

(D) All of the above

[#343] How long before an item loses its copyright?

(A) 25 years

(B) 50 years

(C) 75 years

(D) 100 years

Correct Answer

(C) 75 years

[#344] As per section 2(e) of the Indian Contract Act, Every promise and every set of promise forming the consideration for each other is a/an:

(A) contract

(B) agreement

(C) offer

(D) acceptance

Correct Answer

(B) agreement

[#345] According to the 'RTI Act, 2005', as far as exempted organizations are concerned, the exemption applies to:

(A) certain organizations of the Central Government as listed in the 2 nd Schedule and to the information submitted by these organizations to this Government

(B) certain organizations of the State Governments as may be notified by them in the Official Gazette, but NOT to the information furnished by these organizations to the respective State Governments

(C) both A and B

(D) none of the above

Correct Answer

(C) both A and B

Legal Aspects Of Business - Study Mode

[#341] Which of the following as per the Competition Act, 2002 refers to any agreement to sell goods on condition that the prices to be charged on the resale by the purchaser shall be the prices stipulated by the seller unless it is clearly stated that prices lower than those prices may be charged?

Correct Answer

[#342] Which of the following is an essential of promissory note?

Correct Answer

[#343] How long before an item loses its copyright?

Correct Answer

[#344] As per section 2(e) of the Indian Contract Act, Every promise and every set of promise forming the consideration for each other is a/an:

Correct Answer

[#345] According to the 'RTI Act, 2005', as far as exempted organizations are concerned, the exemption applies to:

Correct Answer