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Consider the following statements:
1. Tortious liability arise from breach of a duty primarily fixed by the law.
2. This duty is towards persons generally.
3. Breach of this duty is repressive by an action for unliquidated damages.
4. The quantum of damages is determined by the court.
Which of the above statements are correct?
Propositions as regards the liability of the surety under the surety bond are:
1. The liability of the surety is mutually exclusive of the liability of the accused under his personal bond.
2. The liability of the surety is contingent on the liability of the accused under his personal bond the liability of the surety.
3. is limited to the amount of the surety bond.
Now which of the following is correct
A partner cannot contract himself out of which of the following duties?
(1) Duty of utmost good faith, i.e. uberrimae fidei.
(2) Duty of carry on business to greatest common advantage.
(3) Duty to render true accounts and full information.
(4) Duty to indemnify for fraud.
(5) Duty to indemnify for willful neglect.
(6) Duty to properly use the firm's property.
The liability for Tort arises on:
1. Violation of a right in rem.
2. Violation of a right in personam
3. Breach of a legal duty
4. Breach of an equitable obligation.
Select the correct answer using the given below:
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: Ikea, the world’s largest furniture retailer with 38 billion euros in annual sales, said the customs duty increase will push up costs in India and could hamper business sentiment. Trade barriers such as import duties are against ideas of a global economy and ease of doing business and will lead to higher costs in India, which is not customer friendly. Ikea said it’s still gauging the impact of the move and wouldn’t be able to comment on whether prices will be raised or not. The Swedish company’s entry marked one of the most significant overseas investments in the country.  Courses of action: I. The company imports, most of the products it sells including tableware, kitchenware and household items made of plastic, and travel bags among other items that are covered by the duty increase announced on Wednesday. Companies have said prices of air-conditioners, premium refrigerators, washing machines, shoes and suitcases will go up by 3-5% while premium imported shoes will be dearer by about 5%.  II. Ikea made its debut in India with its Hyderabad store in August and plans to expand to more locations across the country, keeping prices low as it seeks to appeal to customers in a price sensitive market.  III. India announced duty changes on 19 items including air-conditioners, refrigerators, washing machines, footwear, jewelry, furniture fittings, tableware and ATF to curb the current account deficit and stem the slide in the rupee against the dollar. 
Consider the following statements with regard to the consequences of breach of contract.
1. In case of breach of contract, the party who suffers is entitled to receive compensation for any loss or damage caused to him thereby, which the parties knew, when they made the contract, to be likely to result from the breach of it.
2. Such compensation is to be given for any remote and indirect loss or damage sustained by reason of the breach.
Which of the statements given above is/are correct?
Which of the following statement/statements is/are correct? Give correct answer by using the given below:
(1) Tort is a civil wrong for which remedy is a common law action.
(2) Tort is exclusively a breach of contract or breach of trust.
(3) Tort is an infringement of a right in rein of a private individual.
(4) Tort is violation of a legal duty owed to people generally for maintenance of law and order.
The joint liability in respect of joint tort-feasors arises in which one of the following circumstances?
1. Agency, when one person employs another to do an act which turns out to be a tort.
2. Vicarious liability, i.e., the liability arising from relations.
3. Joint action - where two or more persons combine together to commit an act which amounts to a tort.
Select the correct answer using the given below:
A passenger paid 50% customs duty on accompanied baggage items. He paid another 20% sales tax on the total value of the items plus the custom duty paid. The total custom duty and sales tax is Tk. 350. what is the value of the item custom duty and sales tax?
Which of the following is the duty of a partner?
1. Duty of absolute good faith
2. Duty to render the true account
3. Duty not to compete
4. Proper use of property