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June 2019 Law Paper

1. Anu threatens to kidnap Binu's daughter unless she sells her house, worth ₹90 Lakh, for ₹20 Lakh. This contract is void due to:

Inadequacy of Consideration Absence of Free Consent Incompetence of Parties None of the above

2. What is the meaning of the Latin maxim "Nemo Dat Quod Non Habet"?

No man can pass a better title than he has Let the Buyer Beware No Consideration – No Contract Ignorance of Law is No Excuse

3. According to the RBI Act, which of the following negotiable instruments can be payable to the bearer on demand?

Cheque Hundi Bank Draft Promissory Note

4. What is the term for a partnership firm that continues to operate even after its fixed term has expired?

Partnership at Will Perpetual Partnership Fixed Partnership Particular Partnership

5. What is the maximum amount of gratuity payable to an employee?

Ten months' pay Twelve months' pay Twenty months' pay Twenty-five months' pay

6. A female child is legally permitted to work in a factory only between which of the following time slots?

8 AM to 7 PM 6 AM to 6 PM 6 AM to 7 PM 10 AM to 5 PM

7. What is the minimum number of members required to be personally present to form the quorum for a private company's meeting?

One member Two members Three members Four members

8. Which of the following is NOT a valid medium for sending notice to all shareholders?

By registered post or speed post Through public advertisement Through registered email ID Through courier service

9. If a company fails to file a refund of money, what is the maximum penalty applicable to the company and every officer in default?

₹50,000 ₹75,000 ₹1,00,000 ₹1,25,000

10. Which management expert promoted the concept of the Value Chain as a strategic framework for analyzing competitive advantage?

Peter Drucker F. W. Taylor Michael Porter Tom Peters