UGC NET 2018 Law Question Paper (08-Jul-2018)

Question 1

Which one of the following is not the essential requirement to fulfil an instrument intended to be a Promissory Note ?

Accepted Answer

A mere acknowledgement of indebtedness is sufficient.

Answer

The instrument must contain a promise to pay.

Answer

The sum of money to be paid must be certain.

Answer

Promise to pay must be unconditional.

Question 2

Which one of the following is incorrect ?Any mis-statement made in the Prospectus would attract the liability of the following persons under the Companies Act :

Accepted Answer

An Expert, whose consent has not been endorsed to the registration and liable in respect of every content in the prospectus.

Answer

Every person who is a director of the company at the time of the issue of the prospectus.

Answer

Every person who has authorised himself to be named and is named in the prospectus either as director or as having agreed to become a director either immediately or after an interval of time.

Answer

Every person who is a promotor of the company.

Question 3

Read Assertion (A) and Reason (R) and answer by using code given below :
Assertion (A) : Under the Company Law, though any outsider is presumed to be aware of the documents which are publicly accessable, but not the internal proceedings of which he can not reasonably aware of, because those are not accessible to the public.
Reason (R) : The Doctrine of indoor management evolved as a partial exception to the Doctrine of Constructive Notice and the rule was laid down in Royal British Bank Vs Turquand.
Code :

Accepted Answer

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

Answer

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

Answer

(A) is true but (R) is false.

Answer

(A) is false but (R) is true.

Question 4

Which one of the following is incorrect ?Under the Sale of Goods Act, to make the buyer liable for neglecting or refusing delivery of goods the following conditions must be fulfilled :

Accepted Answer

The seller informed the buyer to ignore the delay and take delivery.

Answer

The seller was ready and willing to deliver the goods.

Answer

The seller requested the buyer to take delivery.

Answer

The buyer did not, within a reasonable time after such request take delivery of the goods.

Question 5

Read Assertion (A) and Reason (R) and give the correct answer with the help of code given below :
Assertion (A) : The surety has no right to restrain execution against him until the creditor exhausted all his remedies against the Principal Debtor.
Reason (R) : The Liability of the surety is co-extensive with that of the Principal Debtor, unless it is otherwise provided by contract.
Code :

Accepted Answer

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

Answer

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

Answer

(A) is false, but (R) is true.

Answer

(A) is true but (R) is false.

UGC NET 2018 Law Question Paper (08-Jul-2018)

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