Method of auction of futures contract in which traders sell their futures contracts at a specified price by crying out in louder voices is classified as

Method of auction of futures contract in which traders sell their futures contracts at a specified price by crying out in louder voices is classified as Correct Answer open outcry auction

Method of auction of futures contract in which traders sell their futures contracts at a specified price by crying out in louder voices is classified as open outcry auction. Open outcry is a method of verbal and hand signal communication used by traders at stock and futures exchanges. Signals and shouts convey trading information, intentions, and acceptance in the trading pits.
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In execution of a decree a movable property in auction sold by the executing Court. The auction purchaser deposits the entire auction price then and there even before expiry of 30 days and takes the delivery of the auctioned property. An objection complaining that the auction was conducted with material irregularity is filed within 30 days from the date of auction. State which one of the following is legally correct?
In the following question the 1st and the last part of the sentence/passage are numbered 1 and 6. The rest of the sentence/ passage is split into fourparts and named P, Q, R and S. These four parts are not given in their proper order. Read the sentence/passage and find out which of the four combinations iscorrect 1. Suddenly the man heard the low hum of an engine.
P. Instead, it grew louder and louder and seemed to be coming from above.
Q. At first he thought that it must be a car travelling along the road he had recently left.
R. He looked up quickly and saw an aeroplane cutting a crazy, zigzag path across the sky.
S. He expected the noise to fade away in the distance.
6. It disappeared for an instant behind some clouds, then emerged and plunged into the field.
In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of thefour alternatives. Once ______________, it is that time of the year when the examination results season may be just ending and the admissions season is inprogress, and marked by a _________________ of two contradictory voices — often from the same people — that rose to deafening____________ from April to May when the results of various school boards _________________. The first voice __________________ thosewho succeeded and did wondrously well. marked by a _________________ of two contradictory voices
Which of the following statements are true?
(1) Minor's contract can be ratified on attaining majority.
(2) Minor's contract cannot be ratified on attaining majority.
(3) Minor's contract can be ratified jointly by both the parties to the contract.
(4) Minor is not liable under minor's contract.
(5) Minor's contract is an enforceable contract.
Where the seller, in a sale of goods by auction, bids at the auction without reserving and notifying the right to bid in the auction, under section 64 of the Sale of Goods Act, 1930
Deposit that are required in futures contract and is considered as guarantee that conditions of contracts would be fulfilled is classified as
Consider the following statements:
1. A shopkeeper's catalogue of price is not an offer.
2. An auctioneer's announcement that specified goods will be sold by auction on a certain day is not an offer to hold the auction.
Which of the statements given above is/are correct?
PRINCIPLE: A contract is an agreement enforceable by law. All agreements are contracts if they are made with free consent by parties competent to contract for a lawful consideration and with a lawful object.
FACT: A, a 40-year-old businessman of sound mind, agrees to sell his bungalow worth 40 lakhs for 1 lakh. The agreement is:
(1) Invalid due to inadequate consideration
(2) Valid as there is lawful consideration
(3) Valid as A entered into it with free consent
(4) Valid because A has capacity to contract.
Type of traders who take position in market of futures which is based on expectations of prices of underlying assets are classified as
Which of the following statements are not true in relation to employment of contract labour in any establishment?
1. Supreme Court can abolish contract labour system in any establishment.
2. High Court can abolish contract labour and prohibit the principal employer from engaging contract labour where the government has not abolished the same.
3. An appropriate government and not the court can prohibit the employment of contract labour as per the provisions of law.
4. Neither the court nor the appropriate government can abolish the contract labour in any establishment.