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All posts related to Mercantile laws

Debajit Borboruah
Posted on Mar 29, 2019 7:25 AM

Which of the following is not an exception to the rule "no consideration, no contract"?

 
Compensation for involuntary services
Love and affection
Contract of agency
Gift
Please type your answer before submitting.
Debajit Borboruah

Remission- noun_the cancellation of a debt, charge, or penalty.

Jayapriya Aragonda
Shared from Partnership Act (Easy) on Dec 03, 2018 12:19 PM

The amount brought by incoming partner in addition to his capital is called

 
premium
gift
goodwill
capital
Please type your answer before submitting.
Jayapriya Aragonda

ADDITION AMOUNT TO CAPITAL IS BOUGHT BY INCOMING PARTNER IS GOODWILL.

Jayapriya Aragonda
Shared from Partnership Act (Easy) on Dec 03, 2018 12:15 PM

The true test to determine the partnership relation is

 
sharing of profits
sharing of losses
mutual agency
partnership deed
Please type your answer before submitting.
Jayapriya Aragonda

IN PARTNERSHIP DEED CONTAIN ALL THE FIRMS DETAILS ABOUT FIRM AND MEMBERS AND THEIR RELATION

Jayapriya Aragonda
Shared from Partnership Act (Easy) on Dec 03, 2018 12:11 PM

Which of the following is not a voluntary dissolution of firm?

 
Dissolution by partner's consent
Dissolution by notice
Dissolution by agreement
None of these
Please type your answer before submitting.
Ruhi

Skjdasjkdbshjsljd

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Atharva Sirdeshmukh
Posted on Jun 11, 2016 12:46 PM

In case of illegal agreements, the collateral agreements are

 
valid
Illegal
voidable
void
Please type your answer before submitting.
Neeraj Ojha

A

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