Logical Reasoning Test - 9

The Indian Contract Act, 1872 which was enacted on 25 April, 1872 came into force with effect from 1 September 1872.

The first draft of the Indian contract Act 1872 made by the Third Indian Law Commission was a simplified statement of the English law with modifications suitable for India. Some proposals of the commissions were rejected, whereas some provisions were borrowed from the draft New York Code of 1862. The final draft was the work of Sir James Fitzjames Stepher.

In carrom, playing partners are facing each other and sits opposite to each other.

It is given that, P and R are partners. Q and S are partners. R is facing west therefore his partner P will be facing east. S is in the right of R means S is facing south direction. Therefore, with the given information, we can draw the following diagram:

Thus, Q will be facing in the north direction.

The initial disclosure by a director or officer of a listed company under the SEBI (Prohibition of insider trading) Regulation, 1992 has to be made within 4 days of the concerned person’s joining the company.

Any person who is a director or officer of a listed company, shall disclose to the company in Form B, the number of shares or voting rights held by such person, within 4 working days of becoming a director or officer of the company”.

Section 4 of the Indian Contract Act 1872 says that the communication of the offer is complete when it comes to the knowledge of the person it has been made to. So when the offeree (in case of a specific offer) or any member of the public (in case of a general offer) becomes aware of the offer, the communication of the offer is said to be complete.

No, B gave him a spare laptop. There was no need for A to return B's laptop after finishing off with his work. Hence, it is not a contract of bailment.

Transfer of personal property by one party (the bailor) in the possession, but not ownership, of another party (the bailee) for a particular purpose. Such transfer is made under an express or implied contract (called bailment contract or contract of bailment) that the property will be redelivered to the bailor on completion of that purpose, provided the bailee has no lien on the goods (such as for non-payment of its charges). The bailee is under an obligation to take reasonable care of the property placed under its possession.

No, The laptop was not delivered to A himself or a person authorized by A.

Transfer of personal property by one party (the bailor) in the possession, but not ownership, of another party (the bailee) for a particular purpose. Such transfer is made under an express or implied contract (called bailment contract or contract of bailment) that the property will be redelivered to the bailor on completion of that purpose, provided the bailee has no lien on the goods (such as for non-payment of its charges). The bailee is under an obligation to take reasonable care of the property placed under its possession.

No, A took all reasonable precautions. The damage was caused due to his boss' negligence.

Transfer of personal property by one party (the bailor) in the possession, but not ownership, of another party (the bailee) for a particular purpose. Such transfer is made under an express or implied contract (called bailment contract or contract of bailment) that the property will be redelivered to the bailor on completion of that purpose, provided the bailee has no lien on the goods (such as for non-payment of its charges). The bailee is under an obligation to take reasonable care of the property placed under its possession.

An agreement that is enforceable by law at the option of other or others is a voidable contract.

A voidable contract is initially considered legal and enforceable but can be rejected by one party if the contract is discovered to have defects. If a party with the power to reject the contract chooses not to reject the contract despite the defect, the contract remains valid and enforceable. Most often, only one of the parties is adversely affected by agreeing to a voidable contract in which that party fails to recognize the misrepresentation or fraud made by the other party.

The performance of the individual has to be tested over a span of time as the statement mentions. So, I is implicit. The statement mentions that the individual's worth shall be reviewed (during probation period) before confirmation. So, II is also implicit.