Match the following: a. Doctrine of indoor management i. Memorandum of Association b. Doctrine of…
Indoor management concerns compliance with internal procedures associated with the articles of association, while caveat emptor concerns the sale of goods. Quantum meruit…
Choose your answer
Match the following:
| a. Doctrine of indoor management | i. Memorandum of Association |
| b. Doctrine of Caveat Emptor | ii. Quasi Contract |
| c. Doctrine of quantum meruit | iii. Articles of Association |
| d. Doctrine of ultra vires | iv. Sale of goods |
Answer and explanation
Correct answer B
Indoor management concerns compliance with internal procedures associated with the articles of association, while caveat emptor concerns the sale of goods. Quantum meruit concerns reasonable remuneration and is associated here with quasi-contract, while ultra vires concerns the limits established by the memorandum of association.
Practice for these exams
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Telangana SET (TG SET)