Read Assertion (A) and Reason (R) and answer using given below.<br>Assertion (A): 'Goods' means every kind of movable property including actionable claims and money and excludes stock and shares, growing crops, grass and things attached to or forming part of the land which are agreed to be served before sale or under the contract of sale.<br>Reason (R): Above principle is laid down in Section 2(7) of the Sale of Goods Act.

An assertion and a reason are given below. Assertion: The phenomenon of nuclear fission generates great energy. Reason: The process in which a nucleus is broken into two parts is called nuclear fission. Choose the answer. A. Both Assertion and Reason are true and Reason is the correct explanation of Assertion. B. Both Assertion and Reason are true but Reason is not the correct explanation of Assertion. C. Both Assertion and Reason are false. D. Assertion is true but Reason is false.

A

B

D

C

B

D

C

Read Assertion (A) and Reason (R) and answer using given below:
Assertion (A): Partner of an erstwhile unregistered partnership firm can bring a suit to enforce a right arising out of a contract falling within the ambit of Section 69 of the Indian Partnership Act.
Reason (R): Because Judgement in case of Loonkaran Sethia v. Ivan E. John laid down above judicial principle.

A

Both (A) and (R) are correct and (C) is correct reason for (A)

B

Both (A) and (R) are wrong

C

(A) is right, but (R) is wrong

D

(A) is wrong, but (R) is right

According to Sale of Goods Act which two of the following are defined as 'goods'?
1. Moveable property
2. Growing crops
3. Actionable claims
4. Book debt
Choose the correct answer from the following options:

A

1 and 4

B

2 and 3

C

1 and 2

D

2 and 4

According to Sale of Goods Act, which two of the following are defined as 'goods'?
1. Moveable property
2. Growing crops
3. Actionable claims
4. Book debt
Choose the correct answer from the following options:

A

1 and 4

B

2 and 3

C

1 and 2

D

4 and 2

Read Assertion (A) and Reason (R) and answer using the given below:
Assertion (A): A contract is a property in the nature of a promise supported by some consideration upon which either the remedy of specific performance or that of damages is available.
Reason (R): Above principle is laid down in Sunrise Associates v. Govt. of NCT of Delhi?

A

Both (A) and (R) are correct

B

Both (A) and (R) are incorrect

C

(A) is correct, but (R) is incorrect

D

(R) is correct, but (A) is incorrect

Read Assertion (A) and Reason (R) and answer using given below:
Assertion (A): Compensation is recoverable for any loss or damage which the parties knew at the time of the contract as unlikely to result from the breach of the contract.
Reason (R): Because above rule is laid down in Hadley v. Baxendale case.

A

Both (A) and (R) are correct and (R) is correct reason for (A)

B

Both (A) and (R) are wrong

C

(A) is right, but (R) is wrong

D

(R) is right, but (A) is wrong

According to Sale of Goods Act, which two of the following are defined as 'good'? a) Moveable property b) Growing crops c) Actionable claims d) Book debt Choose the correct answer from the following options:

A

a) and d)

B

b) and c)

C

a) and b)

D

d) and b)

Read Assertion (A) and Reason (R) and answer using below;
Assertion : Where a bill is unintentionally cancelled by the holder on his agent and the cancellation is not apparent thereon, the bill is discharged.
Reason (R): Above principle is laid down in Section 82 of the Negotiable Instruments Act.

A

Both (A) and (R) are true and (R) is the correct explanation of (A)

B

Both (A) and (R) are true and (R) is not the correct explanation of (A)

C

(A) is right but (R) is wrong

D

(A) is wrong but (R) is right

P, Q, R, Sand T are five crops that Babu grows. T is fast growing and more water demanding than R which gives more yield than T. P gives more yield than R and grows faster than Q. Q is more water demanding than T but is second lowest yielder, S is the slowest growing and least water demanding of all crops but gives highest yield. R is more water demanding and grows faster than P. Select the crop or crops that has/ have as many as crops that are more water demanding and as many as crops that give less yield than it.

A

S, P and R

B

only Q

C

only R

D

only P

Match List I with List II: List I (Method) List II (Purchase consideration) (A) Lump-sum payment method (I) Calculated by adding up the total amount (money value) of existing shares, preference shares and cash received from the purchasing company for the shareholders of the vendor company. (B) Net Assets Method (II) On the basis of ratio in which the shares of the transferee company are to be exchanged for the shares of the transferor company. (C) Net Payment Method (III) The amount to be paid by the transferee company to transferor company for amalgamation of its business. (D) Swap Ratio Method (IV) Arrived at by adding the agreed value of assets taken over and deducting there from the agreed values of liabilities. Choose the correct answer from the options given below:

A

(A) - (III), (B) - (II), (C) - (I), (D) - (IV)

B

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

C

(A) - (IV), (B) - (I), (C) - (II), (D) - (III)

D

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

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