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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
Which kind of partnership one partner has unlimited liability and other partner have limited liability?
Every partner is jointly and severally liable for all acts of the firm. However, a minor can be admitted to the benefits of the firm. Liability of a partner is unlimited and he is personally liable for the acts of the firm. The liability of the minor in case of the acts of the firm is
When the liability of a person who is one of the parties to the suit depends upon the liability of a stranger to the suit, then an admission by the stranger in respect of his liability shall be an admission on the part of that person who is a party to the suit. It has been so provided
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:
An unlimited liability for business debts and less capital for growth are limitations of
An unlimited liability is classified as liabilities of the
Which of the following statement is/are correct
1. It is mandatory to register the company
2. The liability of the members in the company is unlimited
3. The shares of the company can be transferred
Select your answer
In the following question, the first and the last part of the sentence/passage are numbered 1 and 6. The rest of the sentence/passage is split into four parts and named P, Q, R, S. These four parts are not given in their proper order. Read the sentence/passage and find out which of the four combinations is correct. S1. Energy conservation refers to the efforts made to reduce the consumption of energy. P. Furthermore, energy can take plenty of time to regenerate. Q. The energy on Earth is not in unlimited supply. R. Most noteworthy, energy conservation is achievable either by using energy more efficiently or by reducing the amount of service usage. S. This certainly makes it essential to conserve energy.  S6. Energy conservation will reduce the expenses related to fossil fuels.
Which of the following are not the assumptions related to the theory of consumer behaviour as per the cardinal utility approach?
1. Rational consumer
2. Unlimited money income
3. Utility cardinally measurable
4. Diminishing marginal utility of money
5. Constant marginal utility of commodities
6. Maximisation of satisfaction
7. Utility is additive