Where a promisor has made an offer of performance to the promise and the offer has not been accepted:
A. The promisor is responsible for non-performance, but he does not lose his rights under the contract
B. The promisor is not responsible for non-performance, nor does he thereby lose his rights under the contract
C. The promisor is not responsible for non-performance, but he loses his rights under the contract
D. The promisor can enforce the performance of the promise
Answer: Option B
This Question Belongs to Commerce >> Legal Aspects Of Business
A. 5 years imprisonment or 5 lakh rupees penalty or both
B. Life imprisonment
C. 3 years imprisonment or 2 lakh rupees penalty or both
D. None of the above
A. Proposal
B. Promise
C. Contract
D. None of these
What aspect of a patented product is tested by PCT?
A. Priority
B. Novelty
C. Exclusivity
D. Commercial value
The Competition Act, 2002 seeks to regulate
A. Anti-competitive agreements
B. Mergers and amalgamation
C. Unfair trade practices
D. Both A and B
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