1. The careless operations of railways that led to fire in the bogie standing in the platform attracted a few public spirited rescuers standing on the platform to rush in to extinguish the fire. In the course of rescue operation a rescuer was gravely injured. Can he bring tort action against the railways?
(a) No, the railways had a team of expert rescuers who would have acted in any case
(b) Yes, because the dangerous situation by railways’ carelessness had invited the rescuers
(c) No, because his injuries were voluntarily assumed by him
(d) None of the above.
2. “A” had constructed a temporary structure on a land belonging to the Municipal Corporation in which he ran a flourishing restaurant that was frequented by elites of the town. The Municipal Corporation constructed a huge Public Toilet in the plot adjoining A’s famous restaurant. Does A have any remedy under Tort Law?
(a) He has remedy to get the Municipal Corporations’ action stopped as it constituted a nuisance
(b) He had the freedom to hedge the restaurant by putting up screens and boards
(c) He has no remedy because he did not own the plot
(d) None of the above.
3. “Nothing connected with the internal disputes between the shareholders is to be the subject of an action by a shareholder.” This majority rule was laid down in the celebrated case of
(a) Bharat Insurance Co. Ltd. v. Kanhaiya Lal, AIR 1935 Lah 792
(b) Brown v. British Abrasive Wheel Co. (1919) 1 Ch 290
(c) Foss v. Harbottle, (1843) 2 Hare 461: 67 ER 189.
(d) Lagunas Nitrate Co. v. Lagunas Syndicate, (1899) 2 Ch 392.
4. The statutory formulation of directors’ duties under Companies Act, 2013 have been spelt out in
(a) Section 166
(b) Section 151
(c) Section 171
(d) Section 289.
5. The first Annual General Meeting of a Company must be held
(a) within nine months from the date of closing of the first financial year
(b) within five months from the date of closing of the first financial year
(c) within four months from the date of closing of the first financial year
(d) within three months from the date of closing of the first financial year.
6. The provision of Companies Act, 2013 relating to application to Tribunal for prevention of oppression and mismanagement is contained in
(a) Section 241
(b) Section 349
(c) Section 361
(d) Section 344.
7. A company shall be deemed to be unable to pay its debts:
(a) if the company has failed to pay the sum within 21 days after the receipt of such demand
(b) if any execution process issued on a decree in favour of a creditor is returned unsatisfied
(c) if it is proved to the satisfaction of the Tribunal that the company is unable to pay its debts
(d) all of the above.
8. The preamble of Indian Contract Act, 1872 states
(a) Whereas it is expedient to define and amend certain parts of the law relating to contracts;………………..
(b) Whereas it is expedient to define certain parts of the law relating to contract;………
(c) Whereas it is expedient to define and amend the law relating to contract;……..
(d) Whereas it is expedient to amend certain parts of the law relating to contract;……..
9. B accepts the proposal of A by posting a letter of acceptance to A. The above acceptance
(a) cannot be revoked by B as he has already accepted the offer and dropped the letter of acceptance.
(b) can be revoked by B before the letter of acceptance reaches A
(c) can be revoked by B at any time before B performs the contract ‘
(d) can be revoked by B at any time before A actually performs the contract
10. Section 2(D) of Indian Contract Act says: “When, at the desire of the promisor, the promisee or any other person has done or abstained from doing, or does or abstains from doing, or promises to do or abstain from doing, something, such act or abstinence or ………………… is called a consideration for the promise.”
11. Past consideration means
(a) money received in the past without making even a proposal
(b) the price which is more than the promisor’s past expectations
(c) the price paid or service rendered at the desire of the promisor followed by a subsequent promise
(d) consideration that was valuable in the past but has ceased to be of any value at the time of performance of contract
12. A promise to pay wholly or in part a debt of which the creditor might have enforced payment, but for the law of limitation of suits is a contract
(a) if it is made in writing only
(b) if it is made in writing and registered under the law for the time being in force
(c) if it is made in writing and signed by the person to be charged therewith
(d) even if made orally.
Answers: 1.(b), 2.(c), 3.(c), 4.(a), 5.(a), 6.(a), 7.(d), 8.(a), 9.(b), 10.(c), 11.(c), 12.(c)