- A This stipulation is by way of penalty, and the contract cannot be enforced according to its terms
- B This stipulation is not by way of penalty, and the contract cannot be enforced according to its terms
- C This stipulation is not by way of penalty, and the contract may be enforced according to its terms
- D None of these
Legal Aspects of Business MCQ - Legal Aspects of Business Section 1
- A A is not liable to indemnify the officer for the sum which he is compelled to pay to C, in consequence of obeying A’s directions
- B A is partially liable to indemnify the officer for the sum which he is compelled to pay to C, in consequence of obeying A’s directions
- C A is liable to indemnify the officer for the sum which he is compelled to pay to C, in consequence of obeying A’s directions
- D None of these
- A B is not liable for the money and interest, from the day on which it ought to have been paid, according to the usual rate
- B B is liable for any further direct loss – as e.g. by variation of rate of exchange
- C B is liable for the money and interest, from the day on which it ought to have been paid, according to the usual rate, and for any further direct loss – as e.g. by variation of rate of exchange – but not further
- D None of these
