CPT Mercantile Laws

A told B that he gives Rs. 500 if it rains and B told to give like amount if it does not rain. The agreement is ___

Quasi Contractual liabilities lead to ____

A person finds goods belonging to another person in a public place. In such a case, the finder ___

Amar promises to paint a picture for Rambabu.Here, the promise must be performed by Amar himself, because

If no time is specified for performance of a Contract, it must be performed with in a reasonable time. “ Reasonable time” means __

If the time is the essence of Contract and it is not performed with in specified time, then___

Ram, Lal and Shyam jointly promise to pay Mohan Rs. 30,000. Shyam paid the whole amount to Mohan. If Ram and Lal are solvent, Sham can recover___

In case of reciprocal promises, which is not applicable?

Novation means

In case of Anticipatory breach of Contract, remedies to the aggrieved party are ___

Which of the following is incorrect?

The compulsory dissolution of a firm will arise in case of ___

When a new partner is admitted into the firm, the consent should be obtained by ____

When there are no sufficient profits to provide interest on capital, then profits are to be shared in ___

Which of the following is not effected due to Non-registration of a firm?

Which of the following is not applicable in relation to an agreement by minor?

The partner can be expelled by ___

Which of the following is beyond the implied authority of the partner?

Sharing of profits is not____ evidence

On which of the following grounds, court may dissolve a firm at the suit of a partner?