Business Law - Business Law Section 2

36. The general principle of the common law is that in the formation of a contract:

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37. The grounds on which administrative action would be subject to control by judicial review could be classified as:

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38. The guarantor’s right to indemnification is a right to be reimbursed:
I. the amount which he actually paid for the principal- debtor – with interest
II. because he is entitled to full indemnification from the principal-debtor

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39. What is the purpose behind the enactment of the Sale of Goods Act, 1930?

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40. Section 2(1) of the Sale of Goods Act defines ‘buyer’ as:

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Business Law Section 2