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Archives by Tag 'MB0051'

MB0051– Legal Aspects of Business -Q.1 Distinguish between fraud and misrepresentation.

By admin - Last updated: Wednesday, May 11, 2011

Answer: Matters not referable to arbitration: Certain matters which are not arbitrable are: • Suits for divorce or restitution of conjugal rights • Taxation • Non-payment of admitted liability • Criminal matters. The following cannot be referred:

MB0051 – Legal Aspects of Business

By admin - Last updated: Monday, May 9, 2011

Q.1 Distinguish between fraud and misrepresentation. Answer:Fraud:A false statement made knowingly or without belief in its truth or recklessly careless whether it be true or false is called fraud. Sec. 17 of the Act instead of defining fraud, gives various acts which amount to fraud. Sec. 17: Fraud means and includes any of the following […]

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