Question
When a partner exercises his authority in an emergency
and protects the firm from loss then such act _____.Solution
 Partnership Act  S. 21 PARTNER'S AUTHORITY IN AN EMERGENCY.  A partner has authority, in an emergency, to do all such acts for the purpose of protecting the firm from loss as would be done by a person of ordinary prudence, in his own case, acting under similar circumstances, and such acts bind the firm.
Under Section 18 of the Securities Contracts (Regulation) Act, 1956, a broker, P, is operating in a State where Section 13 has been declared to apply (n...
Which of the following describes a judgment-debtor?
A person can act as proxy on behalf of members not exceeding fifty and holding in the aggregate ___________________ of the company carrying voting rights
Read the following statements thoroughly:
1. Habitual offender clause was removed in 2018.
2. Misappropriation remains criminal misconduct...
What is the total managerial remuneration payable by a public company, to its directors, including managing director and whole-time director, and its ma...
______________________ as per the IBC means a person to whom an operational debt is owed and includes any person to whom such debt has been legally assi...
Which courts are authorized to try offences punishable under the MSMED Act?
According to the Contract Act under what circumstance is a principal unable to revoke the authority granted to an agent?
Sedition means_______________
Many key changes have been brought to IPC through the Bharatiya Nyaya Sanhita, 2023. Considering the same which of the following has been removed by the...
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