Question
For a revocation to be effective when should it be
made?Solution
Section 5. Revocation of proposals and acceptances: A proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, but not afterwards. An acceptance may be revoked at any time before the communication of the acceptance is complete as against the acceptor, but not afterwards.
As per Companies Act 2013, a related party transaction (RPT) like sale, purchase or supply of any goods or materials can be undertaken after prior appro...
Consider the following statements regarding Economic survey 2022-23:
1)Β Β Β In FY23, retail inflation was mainly driven by higher food infla...
A manufacturing company experiences frequent fluctuations in production volume due to seasonal demand. Management wants a budgeting system that revises ...
Long-term borrowings are essential for supporting a company's large-scale investments and capital expenditures. These borrowings typically have extended...
What does the capability approach focus on in achieving justice?
Which of the following is a digital lending platform initiated by the Government of India to facilitate MSME loans?
The Recovery of Debts and Bankruptcy Act (RDBA) applies to cases where debt exceeds:
A manufacturing company is considering expanding its production capacity by acquiring new machinery. The company is exploring the option of leasing the ...
Which of the techniques are not known for controlling wastages?
A company manufactures two products, P and Q. The overhead costs and related activity drivers are as follows: