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Supervening Impossibility
ii- Novation
(b)Anticipatory breach of Contract
(c) A private company has only 2 shareholders who are
also the directors with equal rights of management and
voting power. The company has made large profits, but
there is a complete deadlock in the management of the
company. One of the shareholders applied for the
winding up of the company. Decide at what moment
does a winding up by the court commence?
(d) What is a Prospectus? Is it obligatory for a
company to file a prospectus or a statement in lieu of
prospectus with the Registrar of Companies?
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by words is called12.
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a minor-
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A prospectus is issued-
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unpaid seller24.
breach of contract-
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negotiated by29.
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promissory note33.
a finder of goods37.
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negotiated39.
invalid40.