Which of the following descriptions are correct?
1. Two competent parties - Sections 11 and 12
2. Valid acceptance - Sections 4 to 7
3. Lawful consideration - Sections 2(d) and 25
4. Free and voluntary consent - Sections 15 and 19A
A. 2 and 4 only
B. 1 and 4 only
C. 2, 3 and 4
D. 1, 2, 3 and 4
Answer: Option D
Related Questions on 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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