Legal Aspects of Business MCQ Questions and Solutions with Explanations | Commerce

The correct sequence in formation of a contract is:

A company has earned profit prior to its getting Certificate to Commence Business. It should be transferred to:

Every Company shall appoint a fulltime Secretary whose paid-up-capital is not less than

Which of the following statements are true in context of benefits of GST?

Which of the following is/are true about Bill of Exchange?
1. A bill of exchange requires in its inception two parties.
2. A bill of exchange or 'draft' is a written order by the drawer to the drawee to pay money to the payee.
3. Bills of exchange are used primarily in international trade, and are written orders by one person to his bank to pay the bearer a specific sum on a specific date.
4. Definition of 'Bill of Exchange' is mentioned in Section 6 of the Negotiable Instrument Act.

Which of the following does not fall under not 'coercion' according to Indian Contract Act, 1872?

Special Resolution is not necessary in the case of

Which of the following documents comes under Doctrine of Constructive Notice?

In the year 2002, the Competition Act was enacted replacing

If there is a default in the circulation of the members resolution the company secretary is imposed a fine according to sec. 188 a fine up to: