Tag: business law and contract act
Questions Related to business law and contract act
Mercantile law is related to the ______ of the people of the society.
Maintaining petty cash book is ______.
Which of the following is the most important source of the Mercantile Law?
_______means those customs and usages which are binding on traders in their dealings with each other.
Which of the following transactions would have no impact on owner's capital?
Expenses paid in cash and recorded as assets before they are used are called _____.
A purchased an old computer costing Rs. 10,000 and incurred Rs. 1,000 on its repairs and Rs. 500 on its packing. He sold the computer at 20% margin on selling price. The sales value will be:
The main purpose of the corporation sole is to ______.
When an agreement is discovered to be void, any person who has received any advantage under such agreement ____________.
When a party to a contract refuses for fails to perform his obligation when it is due, is called ___________.