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Minor falsely claims majority and borrows money. Liability?
Anonymous Quiz
13%
A. Personal
30%
B. Estoppel applies
40%
C. No contractual liability
17%
D. Voidable yah wala Jaise aapka pura Ho Gaya complete
β€1
COI issued despite irregularity. Effect?
Anonymous Quiz
30%
A. Void incorporation
35%
B. Conclusive evidence
29%
C. Voidable
6%
D. Illegal
β€1
Trading while possessing UPSI triggers:
Anonymous Quiz
15%
A. Intent test
17%
B. Profit test
62%
C. Possession-based liability
6%
D. Motive test
β€1
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LODR disclosure depends mainly on:
Anonymous Quiz
6%
A. Convenience
38%
B. Materiality
29%
C. Auditor consent
26%
D. Shareholder approval
β€1
Name identical to existing company. CG may:
Anonymous Quiz
15%
A. Dissolve company
73%
B. Direct name change
8%
C. Cancel shares
4%
D. Remove directors
β€1
Silence amounts to fraud when:
Anonymous Quiz
15%
A. Always
12%
B. Never
63%
C. Duty to disclose exists
10%
D. Consideration absent
β€1
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