Only 2
Both 1 and 3
Both 2 and 3
All of the above
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Answer is Wrong!
Legal aspects of business
2. What is the obligation of a person who has received advantage under void agreement:
He can retain the advantage received with the prior approval of the person from whom he received it
He can retain the advantage received without any prior permission from anyone
He is bound to restore it or make compensation for it to the person from whom he received it
He is bound to restore it or make compensation for it only when a Court order is passed in this behalf
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Answer is Wrong!
Detailed SolutionWhat is the obligation of a person who has received advantage under void agreement:
3. Section 6 of the Negotiable Instruments Act defines a:
Cheque
Bill of Exchange
Promissory Notes
Dishonour by non-payment
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Answer is Wrong!
Detailed SolutionSection 6 of the Negotiable Instruments Act defines a:
4. Match the following. List-I (Form) List-II (Explanation) a. Cheque 1. must be signed by the drawer b. Bill of exchange 2. is always drawn on a banker c. Promissory note 3. must contain an express promise to pay
a-1, b-2, c-3
a-3, b-2, c-1
a-2, b-1, c-3
a-1, b-3, c-2
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Answer is Wrong!
5. Which of the following fact/s is/are true about public domain?
It refers to creative materials that are not protected by intellectual property laws such as copyright, trademark, or patent laws
The public owns these works, not an individual author or artist
Anyone can use a public domain work without obtaining permission, but no one can ever own it
All of the above
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Answer is Wrong!
Detailed SolutionWhich of the following fact/s is/are true about public domain?
6. An instrument containing an unconditional promise to pay a certain sum, is called
bill of exchange
cheque
Promissory note
All of these
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Answer is Wrong!
Detailed SolutionAn instrument containing an unconditional promise to pay a certain sum, is called
7. Which of these is a geographical indication?
Champagne
Hogwarts
Playstation
World Wide Web
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Answer is Wrong!
Detailed SolutionWhich of these is a geographical indication?
8. Under Caveat Emptor, the buyer can shift the responsibility to the seller if which of the following condition/s is/are fulfilled?
If the buyer shares with the seller his purpose for the purchase
The buyer relies on the knowledge and/or technical expertise of the seller
The seller sells such goods
All of the above
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Answer is Wrong!
9. Which of the following is/are an exception to the doctrine of caveat emptor?
Usage of trade
Sale by sample
Seller commits fraud
All of the above
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Answer is Wrong!
Detailed SolutionWhich of the following is/are an exception to the doctrine of caveat emptor?
10. A company incorporated by a special Act of Parliament or any State Legislature is called
Government company
Public company
Statutory company
Registered company
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Answer is Wrong!