Question
Which of the following is correct with respect to a
minor’s liability for ‘necessaries’ supplied to him?Solution
A supplied the wife and the children of B, a lunatic, with necessaries suitable to their conditions in life. A is entitled to be reimbursed from the B’s property. English law also persists an action for the necessaries supplied to the minor (infant). All contracts entered into by minors for goods supplied or to be supplied (other than contract for necessaries) shall be absolutely void
Which of the following risk factors pose business risk to an entity?
                     I.       Sales volume and...
What is the distinction between ethics and morality based on their scope?
Match the following measures of money supply with their correct descriptions:
1. M1
2. M2
3. M3
A. M1 + Savings deposits wit...
On what basis is an individual resident Indians permitted to include NRI close relatives as a joint holder in resident bank account?
Which of the following organisations are involved in preparation of Social Progress Index (SPI)?
What does the term "Recovery Risk" primarily depend on?
Which of the following is true regarding the General Insurance Business (Nationalization) Act, 1972?
Revaluation reserve are included as Tier II capital at a _______ discount for the purpose of capital adequacy ratio.
What are the mismatch tolerance levels for time bucket of 15 – 28 days in the ALM statement?
 For receiving grant from abroad under the Foreign Contribution Regulation Act, which of the following would give permission for the same?
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