Legal Aspect of Business [NTA-NET (Based on NTA-UGC) Commerce (Paper-II)]: Questions 1 - 3 of 34

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Question number: 1

» Legal Aspect of Business » Sale of Goods Act 1930 » Sale and Agreement to Sell (New 2019)

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Appeared in Year: 2018

MCQ▾

Question

Choose the correct code for the following statements being correct or incorrect. (December)

Statement I: FX Spot is an agreement between two parties to buy one currency against selling another currency at an agreed price for settlement on the spot date.

Statement II: The date of maturity of a forward contract is more than two business days in future.

Choices

Choice (4)Response

a.

Statements I and II are correct.

b.

Statement II is correct, but I is incorrect.

c.

Statement I is correct, but II is incorrect.

d.

Statements I and II are incorrect.

Question number: 2

» Legal Aspect of Business » Intellectual Property Rights (IPRS) » Patent, Trademarks, Copyrights and Emerging Issues (New 2019)

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Appeared in Year: 2018

MCQ▾

Question

Choose the correct code for the following statements being correct or incorrect.

Statement I: Intellectual Property (IP) is a category of property that includes intangible creations of the human intellect.

Statement II: IPR does not include trade secrets and moral rights.

(December)

Choices

Choice (4)Response

a.

Statements I and II are correct.

b.

Statement I is correct, but II is incorrect.

c.

Statements I and II are incorrect.

d.

Statement II is correct, but I is incorrect.

Question number: 3

» Legal Aspect of Business » Indian Contract Act, 1872 » Elements of a Valid Contract, Capacity of Parties, Free Consent, Discharge and Breach of Contract, Remedies Against Breach (New 2019)

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Appeared in Year: 2019

MCQ▾

Question

General offer is accepted by? (June)

Choices

Choice (4)Response

a.

Offeror himself

b.

General public at large

c.

Anybody fulfilling the conditions of the offer

d.

Only by some specific people

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