Practice Commerical Law Questions and Answers

• When you evaluate a company's financial ratios in relation to other companies in the same industry, what type of comparison is this?
• In the Balance Sheet, Corporate Dividend Tax will be shown as a liability under the heading -
• Which of the following represents composite supply
• Which one of the following is a correct equation?
• A Red Herring Prospectus does not the include information related to __________
• A Private Company may not issue securities
• The preference shares should be redeemed with in a period of
• Which of the following is an exception to the doctrine of privity of contract rule _______________?
• What is the minimum and maximum number of directors required in a public company as per the Companies Act, 2013?
• A Public Company is a company which has a minimum paid-up share capital ____________
• The registered office clause of memorandum of association contains
• The Prospectus must be issued to the public within ______________ days after the date onwhich a copy thereof is delivered to the Registrar
• What is the minimum number of members required to form a public company?
• As per the Companies Act, 2013 a Company means_____________
• Which challenge was posed by Over-the-Top (OTT) services to the traditional Indian telecom services?
• Which of the following statement is true?
• A contract entered between two companies was found to lack mutual consent. Under the Indian Contract Act, which essential element of a valid contract is mi...
• Company A agrees to sell 1,000 laptops to Company B, but the contract lacks the specification of model and delivery timeline. Later, B refuses to accept de...
• Mr. X, a minor, enters into a contract to buy a bike. Later, he refuses to pay. What is the legal position?
• Company A promises to sell land to Company B but does not sign a written agreement. B makes payment and takes possession. Is this enforceable?
• A contract contains an arbitration clause. A dispute arises but one party sues in civil court. What should the court do?
• Mr. Sharma, a sole proprietor, entered into an oral agreement with a vendor for purchase of office furniture worth ₹2 lakhs, with delivery to be made aft...
• A contract is entered into under duress where one party threatened the other with loss of business if the agreement wasn't signed. The other party signs un...
• ABC Pvt. Ltd. entered into a contract with Mr. Rao for supplying machinery worth ₹25 lakhs. After execution of the contract, Mr. Rao became insolvent and...
• Under the Indian Contract Act, a collateral contract that involves an illegal object but is signed voluntarily by both parties is later disputed. Which pri...
• ABC Pvt. Ltd. entered into a contract with Mr. Rao for supplying machinery worth ₹25 lakhs. After execution of the contract, Mr. Rao became insolvent and...