71) ‘A’ sells certain merchandise to ‘B’, warranting it to be of a particular quality, and ‘B’, in reliance upon this warranty, sells it to ‘C’ with a similar warranty. The goods prove to be not according to the warranty. In this scenario consider the following statements and choose the correct answer:
I.’B’ becomes liable to pay ‘C’ a sum of money by way of compensation.
II.’B’ is entitled to be reimbursed this sum by ‘A’.

A) Only statement (I) is correct.
B) Only statement (II) is correct.
C) Both statements (I) & (II) are correct.
D) Neither statement (I) nor statement (II) is correct.

72) The concept of ‘force majeure’ is implicit under which provision of the Indian Contract Act, 1872?

A) Section 33
B) Section 56
C) Section 62
D) Section 73

73) ‘First come, last go; and last come, first go’ is the principle of

A) Appointment
B) Closure
C) Retrenchment
D) Dismissal

74) The Trade Union Act, 1926 is proposed to be replaced by

A) The Industrial Relations Code
B) The Social Security Code
C) The Occupational Safety and Health Code
D) The Code on Wages

75) The term ‘Trade Union’ as defined under Section 2(h) of the Trade Union Act refers to

A) Any combination whether permanent or temporary
B) Any combination which is only permanent in nature
C) Any combination which is only temporary in nature
D) Any combination which is not a federation of Trade Unions