Legal Aspects of Business — Practice

Question 1

A 16-year-old enters into an agreement to purchase a laptop on instalment credit. Under the Indian Contract Act, 1872, as settled by Mohori Bibee v. Dharmodas Ghose (1903), this agreement is

Accepted Answer

A

Question 2

A seller, in a sale by description, delivers goods that do not correspond to the description agreed upon between the parties. This breach relates to

Accepted Answer

A

Question 3

Under Section 138 of the Negotiable Instruments Act, 1881, within how many days of receiving the cheque-dishonour memo from the bank must the payee issue a written demand notice to the drawer?

Accepted Answer

D

Question 4

Which category of company, introduced specifically by the Companies Act, 2013 (and not permitted under the earlier 1956 Act), allows a single individual to incorporate a company with limited liability?

Accepted Answer

C

Question 5

Which foundational company document defines the scope and objects of the company — effectively its charter, setting out what the company can lawfully do?

Accepted Answer

B

Question 6

Under the Patents Act, 1970, a granted patent typically protects an invention for how long, counted from the date of filing?

Accepted Answer

A

Question 7

An agreement whose object is expressly forbidden by law, and which additionally taints any collateral transaction connected to it, is best classified as

Accepted Answer

C

Question 8

Two parties contract for the sale of specific goods, unaware that the goods had already been destroyed by fire before the agreement was made. This mutual (bilateral) mistake of fact renders the agreement

Accepted Answer

A

Question 9

An author completes an original novel and fixes it in written form. Under the Copyright Act, 1957, copyright protection over this work

Accepted Answer

A

Question 10

Which new enforcement authority was established by the Consumer Protection Act, 2019, empowered to investigate unfair trade practices, order product recalls, and penalise misleading advertisements?

Accepted Answer

C

Question 11

Under the Companies Act, 2013, a private company is specifically restricted from doing which of the following, unlike a public company?

Accepted Answer

A

Practice — Legal Aspects of Business

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