Mistake regarding solvency of a party is:
Anonymous Quiz
17%
A. Mistake of law
65%
B. Bilateral mistake of fact essential to agreement
11%
C. Fraud automatically
7%
D. No effect
❤1
Promoter purchases property for ₹20 lakh and sells it to proposed company for ₹50 lakh without disclosure.
Anonymous Quiz
22%
A. Profit automatically valid
42%
B. Company may recover secret profit
23%
C. ROC recovers profit
13%
D. Shareholders cannot challenge
❤1
Materiality under LODR is fundamentally linked to:
Anonymous Quiz
63%
A. Investor impact and decision usefulness
18%
B. Company profitability only
14%
C. Auditor opinion only
6%
D. Board convenience
❤1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
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A minor, after attaining majority, promises to repay a loan taken during minority.
Anonymous Quiz
26%
A. Valid Contract
23%
B. Ratification Valid
46%
C. Void
5%
D. Voidable
❤1