The features of multi shops are: 
(i) Location:
These shops are located in fairly populous localities where sufficient number of customers can be approached.
(ii) Nature of product:
These shops deal in a particular product line and specialise in the same product i.e., standardised and branded consumer products.
(iii) Centralised management:
The manufacturing or procurement of goods for all the retail units is centralised at the head office, from where the goods are despatched to each of these shops.
(iv) Fixed price:
The prices of goods are fixed and all sales are made on cash basis.
(v) Role of Sales personnel:
The sales persons play an active role in helping the consumers to complete their shopping i.e., in the selection and choice of their goods as per the tastes.

The Legal rules of offer are:
(i) An offer must be are intended to give rise to legal consequences.
(ii) An offer must be intended to create legal relations.
(iii) The terms of an offer must be certain or capable of being made certain.
(iv) An offer must be distinguished from an invitation to offer or quotation.
(v) A general offer must be distinguished from a sped fie offer.
(vi) A general offer must be distinguished from a standing offer or tender.
(vii) Offer must be communicated.
(viii) Attention of the offeree must be drawn to the terms and conditions of the offer.

"When a person has made a promise to two or more persons jointly, then unless there is a contract to the contrary, the right to claim performance rests as between him and them, with them during their joint lives  and after the death of them with representatives of such deceased person jointly with survivors and after the death of last survivor, with the representatives of all jointly".

International Development Association (IDA) was set up in 1960. It provides term loans to member countries at concessional terms and conditions for their economic. development. It creates supplementary sources of credit for member countries. It assists in poverty alleviation programme of least developed countries. It provides support for health, education, infrastructure, agriculture, human resources development of developing and least developed countries.

Forwarding agent is appointed by exporter to fulfill the customs and shipping related, formalities and certain logistic functions.
(i) Enlightening exporters on the relevant trade laws.
(ii) Supplying transport, handling cost information to exporter.
(iii) Assisting exporter in packing, marking and labeling.
(iv) Arranging transport for exporter.
(v) Assisting in fulfilling customs formalities.
(vi) Preparing and procuring documents.
(vii) Exposing exporter on the developments happening in transportation.

The current account balance includes two items
(i) Visible trade - Import and export of goods.
(ii) Invisible trade - Invisible service items like banking, shipping, insurance, travel and transportation.

According to John D. Daniels and Lee H. Rade baugh, "International business is all business  transactions-private and governmental- that involve two or more countries".

The following tax rates have been prescribed under Income Tax Act.
1. Tax on long term capital gain @ 20% (Section 112).
2. Tax on short term capital gain on shares covered under STT @15% (Section 111A).
3. Tax on lottery income @ 30% (Section 115BB)

The following are the officials involved in GST officials:
1. The Secretary (Revenue) will be appointed as the Ex-officials  Secretary to the GST Council.
2. The Chairperson, Central Board of Excise and Customs (CBEC), will be a permanent invitee (non-voting).
3. One post of Additional Secretary to the GST, and
4. Four posts of Commissioner in the GST Council Secretariat will also be created.

A contract can be discharged by the operation of law. The operation of law by which the contract can be discharged are as follows :
(i) By Death:
If the contract depends on the personal skill or ability, then such contract may be discharged on the death of the promisor.
(ii) By Merger:
Merger will take place when inferior rights accruing to the same party either under the same or another contract.
(iii) By insolvency:
An insolvent is discharged from all Liabilities incurred prior to his adjudication.
(iv) Unauthorised alteration of the terms of the contract:
If one party makes any material alteration in the contract without the consent of other party, then the other party can avoid the contract.
(v) Rights and Liabilities vesting in the same person:
Where the Rights and Liabilities become vested in the same person, the other parties are discharged.