121. First Discussion Paper (FDP) which formed the basis for GST in 2009 was released by?
122. Where the parties to a contract are under the mistake as to matter of fact essential to the agreement, the agreement is:
123. In which of the following cases, the contract is not discharged on the ground of subsequent impossibility?
124. Consider the following statements:
Assertion (A): The companies Act does not lay down any academic, technical or professional qualification for directors. It does not even provide for any share qualification.
Reason (R): The Articles usually provide for a minimum share qualification. Where such qualification is laid down the Act provides that the nominal value of the qualification shares must not exceed Rs. 5,000 or the nominal value of one share where it exceeds Rs. 5,000.
Now select your answer:
Assertion (A): The companies Act does not lay down any academic, technical or professional qualification for directors. It does not even provide for any share qualification.
Reason (R): The Articles usually provide for a minimum share qualification. Where such qualification is laid down the Act provides that the nominal value of the qualification shares must not exceed Rs. 5,000 or the nominal value of one share where it exceeds Rs. 5,000.
Now select your answer:
125. Which of the following statements are true in context of GST?
1. Adoption of four slabs tax rate structure of 5%, 12%, 18% and 28%.
2. There would be a category of exempt goods.
3. A cess would be levied on certain goods such as luxury cars, aerated drinks, pan masala and tobacco products, over and above the rate of 28% for payment of compensation to the states
1. Adoption of four slabs tax rate structure of 5%, 12%, 18% and 28%.
2. There would be a category of exempt goods.
3. A cess would be levied on certain goods such as luxury cars, aerated drinks, pan masala and tobacco products, over and above the rate of 28% for payment of compensation to the states
126. If it appears from the nature of the case that it was the intention of the parties to any contract that any promise contained in it should be performed by the promisor himself:
127. For consumers, . . . . . . . . results in higher price, poor quality and less choice.
128. A is one who performs the preliminary duties necessary to bring a company into being and float it. Identify A.
129. When laws or court orders, force a company to appoint a liquidator who sells assets and distributes the proceeds to creditors it is:
130. Caveat emptor means
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- Legal Aspects of Business - Section 2
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- Legal Aspects of Business - Section 11