Question
According to the Contract Act mere silence is not fraud
unless_______________Solution
Section 17 Explanation—Mere silence as to facts likely to affect the willingness of a person to enter into a contract is not fraud, unless the circumstances of the case are such that, regard being had to them, it is the duty of the person keeping silence to speak, or unless his silence is, in itself, equivalent to speech.
A company can issue redeemable preference shares for up to what maximum duration?
Audit of accounts by the staff of the business is known as:
In relation to the condition for the issue of equity shares with differential rights:
The share with differential rights shall not exceed ______ ...
A company issues 1,00,000 equity shares of ₹10 each at a premium of ₹5, payable as ₹5 on application, ₹5 on allotment (including premium), and �...
According to RBI, which of the following is considered an “Officially Valid Document” (OVD) for KYC purposes?
An unfavourable material usage arises because of:
If a company sells its receivable to another party for collection, it is known as:
As per AS 10 (Revised) ‘Property, Plant and Equipment’, an enterprise holding investment properties should value Investment property:
Selling price per unit = ₹50, Variable cost = ₹30, Fixed cost = ₹1,00,000. Calculate break-even sales and contribution margin ratio.
Company A takes over Company B. Shareholders of B get 3 shares of A (FV ₹10 each, market value ₹15) for every 2 shares of B (FV ₹10). Company B ha...
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