Audit Fee of Credit Society Is Calculated on the Basis

question 20

Multiple Choice

Audit fee of Credit Society is calculated on the basis of _________

• A)gross income
• B)working capital
• C)sales
• D)none of these

Know the implications of contracts involving competition restrictions.

Distinguish between different forms of contracts and the necessity of writing for enforceability.

Recognize the role of public policy in the validity of contracts.

Understand the evolution and historical context of the Statute of Frauds.

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Definitions:

Private Law

That part of a legal system that governs relations between individuals, such as contracts, property, and family law, as opposed to public law which deals with relationships between individuals and the state.

Computer Equipment Store

A retail establishment that specializes in selling computer hardware, software, and related accessories and services.

Public Law

A branch of law that governs the relationship between individuals, corporations, and the state, including constitutional, administrative, and criminal laws.

Environmental Regulations

Legal standards and policies aimed at protecting the environment from harmful pollutants and practices.