Indian Contract Act 1872 - Business Regulatory Framework Quiz
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What is the primary focus of the Indian Contract Act, 1872?

  • To establish the framework for fair competition in the Indian market
  • To regulate the formation and performance of contracts in India (correct)
  • To govern the relationships between businesses and consumers
  • To outline the legal requirements for starting a business in India

    • Which aspect is covered under Capacity of parties to contract and free consent in the Indian Contract Act, 1872?

  • The conditions under which a contract can be discharged
  • The importance of fair competition in commercial transactions
  • The mental capacity of the parties to enter into a contract (correct)
  • The legal requirements for forming a contract

    • What is the significance of Discharge of contract and Remedies for breach of contract under the Indian Contract Act, 1872?

  • It specifies the legal remedies available in case of a breach of contract (correct)
  • It outlines the process for registering firms in India
  • It focuses on the special contracts such as indemnity, bailment, and pledge
  • It highlights the rights of consumers and consumer protection council

    • What is the main emphasis of The Sale of Goods Act, 1930?

    <p>Regulating the sale and purchase of goods in India</p> Signup and view all the answers

    What is the primary objective of CO4 in the course outcomes?

    <p>To apply fair dealing in commercial transactions</p> Signup and view all the answers

    Which Act deals specifically with the formation of a contract of sale?

    <p>The Sale of Goods Act, 1930</p> Signup and view all the answers

    What is the main focus of UNIT-III in the course?

    <p>Definition and silent features of Limited Liability Partnership</p> Signup and view all the answers

    Which topic is covered in UNIT-V of the course?

    <p>Consumer protection councils</p> Signup and view all the answers

    Which author's work covers the topic of Bailment?

    <p>Avtar Singh</p> Signup and view all the answers

    What is the primary focus of L33 in the course?

    <p>Introduction to consumer protection act</p> Signup and view all the answers

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