Legal Aspects Of Business - Study Mode

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[#346] In case of breach of contract of sale of some rare article or thing for which there is no substitute in the market, the Court may grant:

(A) Quantum Meruit

(B) Rescission

(C) Injunction

(D) Specific Performance

Correct Answer

(D) Specific Performance

[#347] Every listed public company must have at least . . . . . . . . of total number of directors as independent directors.

(A) $$frac{1}{3}$$

(B) $$frac{2}{3}$$

(C) $$frac{1}{5}$$

(D) $$frac{1}{2}$$

Correct Answer

(A) $$frac{1}{3}$$

[#348] Which of the following can be taken as the duties of a bailee? 1. To take reasonable care of the goods 2. Not to make unauthorized use of goods 3. Not to mix goods bailed with his/her own goods 4. To return the goods bailed 5. To return increase or profit accrued

(A) 1, 2 and 4

(B) 2, 3, 4 and 5

(C) 1, 3 and 4

(D) 1, 2, 3, 4 and 5

Correct Answer

(D) 1, 2, 3, 4 and 5

[#349] Any guarantee which the creditor has obtained by means of keeping silence as to material circumstances is:

(A) valid

(B) considered to be his approval

(C) invalid

(D) considered to be his denial

Correct Answer

(C) invalid

[#350] Which of the following section deals with dishonour by non-payment?

(A) Section 92

(B) Section 91

(C) Section 138

(D) Section 140

Correct Answer

(A) Section 92