True test of partnership is ______________.

The essential elements of a partnership at will are:

Delivery which is effected without any change in the custody or actual possession of the thing is known as:

The test of good faith as required under the Partnership Act includes the following:

The following are the essential elements which need to co-exist in order to make a valid contract:

The distinction between fraud and misrepresentation are the following:

Misrepresentation is innocent whereas fraud is deliberate or willful.
In misrepresentation the person making the suggestion believes it to be true while in case of a fraud he does not believe it to be true.
In misrepresentation there can be no suit for damages whereas in fraud there can be a suit for damages.
All of the above

Following conditions are implied in a contract of sale of goods unless the circumstances of the contract show a different intention:

Which of the following agreements are void:

In case of a firm carrying on the business other than banking

There should be at least seven members and maximum number of members should not exceed fifty.
There should be at least two members and maximum number of members should not exceed ten.
There should be at least two members and maximum number of members should not exceed twenty.
There should be at least two members and maximum number of members should not exceed fifty

Exceptions to the statement “No consideration no contract” are the following:

No consideration is required to create an agency as also in the case of completed gifts.
A promise made without consideration is valid if it is a promise, made in writing and signed by the person to be charged therewith, or by his agent generally or specially authorized in that behalf, to pay wholly or in part a debt, which is barred by the Law of Limitation.
A promise made without any consideration is valid if it is a promise to compensate wholly or in part a person who has already voluntarily done something for the promisor or something which the promisor was legally compellable to do.
All of the above

UnAttempted

0

Attempted

Correct

Wrong