Practice Commerical Law Questions and Answers

• 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...
• A buyer and seller entered into a CIF (Cost, Insurance, Freight) contract. The seller shipped the goods and handed over the bill of lading and insurance do...
• A listed company has an average net profit of Rs. 12 crore in the last 3 years. As per Section 135 of the Companies Act, 2013, which of the following state...
• XYZ Ltd., a listed entity, has only 2 independent directors on its 12-member Board. Audit Committee is formed with 2 independent and 1 executive director. ...
• A contract with a minor is:
• The doctrine of "Ultra Vires" is related to:
• A prospectus issued by a company should not be issued more than ______ days before the allotment of shares.
• A person who is not a party to a contract can sue upon it if:
• The minimum number of members required to form a Private Limited Company in India is:
• A contract with a minor is:
• Which of the following is an example of a 'quasi-contract' under the Indian Contract Act, 1872?
• Under the Companies Act, 2013, which document defines the relationship between the company and its members?
• A proposal when accepted becomes a:
• A contract made under coercion is:
• Minimum number of directors required in a public company is:
• Maximum number of partners allowed in a partnership firm is:
• Doctrine of Indoor Management protects:
• As per the Companies Act and related Rules, every private company   is required to  issue securities only in a  dematerialised  form an...