Question
A table is purchased for Rs. 8000 and Rs. 1000 is spent
on its repair. The table is then marked 25% above its effective cost price and then sold for Rs. 10,750 after offering some discount. Find the discount offered.Solution
Effective cost price of the table = 8000 + 1000
= Rs. 9000 Marked price of the table = 125% of 9000
= 1.25 Ć 9000 = Rs. 11,250 Discount offered = 11250 ā 10750 = Rs. 500
What does the principle of Caveat Emptor imply in the context of a contract of sale according to Section 16 of the Sale of Goods Act?
Under Section 2(10) of the Consumer Protection Act, 2019, which of the following would NOT constitute a "defect" in goods?Ā
What is the imprisonment under CPC for default in decree for the payment of money below Rs 5000?
Consider the following statements regarding amendments to PMLA in 2012:
Statement 1: The 2012 amendments expanded scheduled offences to include c...
What is the definition of ācounterfeitā as per Section 2(4)?
BeforeĀ the mediationĀ starts, whatĀ must a mediatorĀ disclose to theĀ parties underĀ The Mediation Act, 2023?
When did the Real Estate Regulation and Development) Act, 2016 came into effect?
Under Section 20(9), the Assistant Director of Prosecution monitors cases in which offences are punishableāĀ
According to Austinās theory of law, which of the following is not a feature of a law properly so called?
Who has the power to designate authorities as Special Courts for trial of offences under the PMLA?Ā