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Monday, August 17, 2009

SCDL Regular Program list

SCDL Regular Program list

POST GRADUATE DIPLOMA IN BUSINESS ADMINISTRATION (PGDBA)
POST GRADUATE DIPLOMA IN INTERNATIONAL BUSINESS (PGDIB)
POST GRADUATE DIPLOMA IN HUMAN RESOURCE MANAGEMENT (PGDHRM)
POST GRADUATE DIPLOMA IN INFORMATION TECHNOLOGY (PGDIT)
POST GRADUATE DIPLOMA IN EDUCATIONAL ADMINISTRATION (PGDEA)
One-Year Post Graduate Diploma Programs
POST GRADUATE DIPLOMA IN INSURANCE MANAGEMENT (PGDIM)
POST GRADUATE DIPLOMA IN RETAIL MANAGEMENT (PGDRM)
POST GRADUATE DIPLOMA IN CUSTOMER RELATIONSHIP MANAGEMENT (PGDCRM)
POST GRADUATE DIPLOMA IN SUPPLY CHAIN MANAGEMENT (PGDSCM)
POST GRADUATE DIPLOMA IN INSTRUCTIONAL DESIGN (PGDID)
POST GRADUATE DIPLOMA IN PRE-PRIMARY TEACHERS TRAINING (PGDPTT)
One-Year Diploma Programs
ADVANCED DIPLOMA IN CREATIVE WRITING IN ENGLISH (ADCW)
DIPLOMA IN CREATIVE WRITING IN ENGLISH (DCW)
Six-Month Certificate Programs
CERTIFICATE PROGRAM IN ENTREPRENEURSHIP DEVELOPMENT & MANAGEMENT (CPED)
CPRTI, CPCL & CPCPA courses will commence from 1st Jan, 2010
CERTIFICATE PROGRAM IN RIGHT TO INFORMATION ACT (CPRTI)
CERTIFICATE PROGRAM IN CYBER LAWS (CPCL)
CERTIFICATE PROGRAM IN CONSUMER PROTECTION ACT (CPCPA)
Single Courses
SINGLE COURSE IN BUSINESS COMMUNICATION
SINGLE COURSE IN MANAGEMENT ACCOUNTING
SINGLE COURSE IN MARKETING MANAGEMENT
SINGLE COURSE IN HUMAN RESOURCE MANAGEMENT
SINGLE COURSE IN FINANCIAL MANAGEMENT
SINGLE COURSE IN TOTAL QUALITY MANAGEMENT
SINGLE COURSE IN MANAGEMENT INFORMATION SYSTEM
SINGLE COURSE IN BUSINESS LAW

Saturday, August 8, 2009

Business Law Set13

Business Law | SCDL Business Law Assignments





True/False
Question Legal controls, restrictions on public companies are more and strict.
Correct Answer True
Your Answer True


True/False
Question An agency can be terminated after lapse of time or completion of the work.
Correct Answer True
Your Answer True


Select The Blank Business Law | SCDL Business Law Assignments
Question Agents are ________ to act within the scope of the authority given.
Correct Answer authorised
Your Answer authorised


Multiple Choice Multiple Answer
Question The exceptions to the Wagering Agreement are
Correct Answer Cross-word competitions , Horse-race
Your Answer Horse-race , Lottery , Match Fixing

Multiple Choice Multiple Answer
Question The particular partnership automatically comes to an end
Correct Answer on the completion of the venture , at the expiry of the fixed term
Your Answer on the completion of the venture , by giving express notice. , at the expiry of the fixed term


Multiple Choice Single Answer Business Law | SCDL Business Law Assignments
Question When an agent is appointed to perform a particular work or transaction only, he is known as
Correct Answer special agent
Your Answer special agent


Select The Blank
Question An offer, to be treated as a valid offer, should be ________.
Correct Answer communicated
Your Answer communicated


Multiple Choice Multiple Answer
Question Ratification can be valid, only
Correct Answer if the act to be ratified is legal , if done for the whole transaction , if communicated to the concerned party
Your Answer if done for the whole transaction


Select The Blank Business Law | SCDL Business Law Assignments
Question The confirmation of change of registered office of company within a state shall be communicated to the company within ________ from the date of receipt of such application.
Correct Answer Four weeks
Your Answer Four weeks


Select The Blank
Question The directors of a company have to file their consent with the ________ to act as director.
Correct Answer registrar
Your Answer chairman

Select The Blank
Question As per S.2(1) (f) of the Consumer Protection Act, defect means any ________ in the quality of goods
Correct Answer shortcoming
Your Answer shortcoming


Multiple Choice Single Answer Business Law | SCDL Business Law Assignments
Question Partnership is nothing but
Correct Answer a legal relationship between the partners
Your Answer a legal relationship between the partners


Multiple Choice Multiple Answer
Question The memorandum of every company shall state
Correct Answer The name of the company , The registered office , The main objects
Your Answer The name of the company , The registered office , The main objects


Multiple Choice Multiple Answer
Question A person is deemed to be in a position to dominate the will of another if the person whose mental capacity is affected by
Correct Answer temporary effect of age , permanent effect of age , bodily distress
Your Answer temporary effect of age , permanent effect of age , bodily distress


Multiple Choice Single Answer
Question In case of private limited company, minimum number of members is two while the maximum is
Correct Answer 50
Your Answer 50


Multiple Choice Multiple Answer
Question In the absence of usage or custom of trade to the contrary, the implied authority of a partner does not empower him to
Correct Answer Acquire movable property on behalf of the firm , transfer movable property belonging to the firm
Your Answer admit any liability in a suit or proceedings against the firm , transfer movable property belonging to the firm , enter into partnership on behalf of the firm

Multiple Choice Multiple Answer
Question Following are the persons who cannot enter into partnership firm
Correct Answer A Burmese Buddhist husband and wife carrying on business , the members of Hindu Undivided Family carrying on Family business
Your Answer A Burmese Buddhist husband and wife carrying on business , the members of Hindu Undivided Family carrying on Family business


True/False Business Law | SCDL Business Law Assignments
Question A company is created by law and not by natural birth.
Correct Answer True
Your Answer True


Multiple Choice Single Answer
Question The person to whom, Negotiable Instrument is transferred is entitled to
Correct Answer amount
Your Answer property


Multiple Choice Multiple Answer
Question In the absence of usage or custom of trade to the contrary, the implied authority of a partner does not empower him to
Correct Answer acquire movable property on behalf of the firm , transfer movable property belonging to the firm
Your Answer admit any liability in a suit or proceedings against the firm , transfer movable property belonging to the firm , withdraw a suit or proceeding filed on behalf of the firm


Multiple Choice Single Answer
Question Presumption of Negotiable Instrument are enumerated in
Correct Answer section 118 and 119
Your Answer section 118 and 119


Multiple Choice Multiple Answer
Question The memorandum of a company shall be
Correct Answer Printed , Divided into paragraphs numbered consecutively , Signed by each subscriber
Your Answer Printed , Divided into paragraphs numbered consecutively , Signed by each subscriber

True/False Business Law | SCDL Business Law Assignments
Question Registration is compulsory for all the companies.
Correct Answer True
Your Answer True


Multiple Choice Multiple Answer
Question Following are the elements which constitute a partnership
Correct Answer there must be a contract regarding a partnership , there must be an association of two or more persons
Your Answer there must be a contract regarding a partnership , there must be an association of two or more persons


Multiple Choice Single Answer
Question The relationship of principal and agent is established amongst partners which is governed by
Correct Answer law of agency
Your Answer law of agency


Multiple Choice Multiple Answer
Question In the absence of usage or custom of trade to the contrary, the implied authority of a partner does not empower him to
Correct Answer Admit any liability in a suit or proceedings against the firm , Transfer movable property belonging to the firm , Withdraw a suit or proceeding filed on behalf of the firm
Your Answer Admit any liability in a suit or proceedings against the firm , Transfer movable property belonging to the firm , Withdraw a suit or proceeding filed on behalf of the firm
POSTED BY MINDGRILL AT 12:58 AM 0 COMMENTS LINKS TO THIS POST
LABELS: BUSINESS LAW (SET - VI)
Business Law - 16
LIST OF ATTEMPTED QUESTIONS AND ANSWERS


Select The Blank Business Law | SCDL Business Law Assignments
Question A company is a ________ company if the holding company controls the majority composition of its board of directors.
Correct Answer subsidiary
Your Answer subsidiary


Multiple Choice Multiple Answer
Question According to Rule 3 of the Consumer protection rules the Central Council consists of the following members
Correct Answer Minister in-charge of the dept. of home , Minister in-charge of dept. of Commerce and Industry , Minister in-charge consumer affairs in states
Your Answer Minister in-charge of dept. of civil supplies , Minister in-charge consumer affairs in states


True/False
Question Mental acceptance amounts to an acceptance.
Correct Answer False
Your Answer False


True/False
Question The company cannot exceed the powers conferred on it by its memorandum
Correct Answer True
Your Answer True


Select The Blank
Question Unpaid seller's right to stop the goods in transit arises only when the buyer is ________
Correct Answer Bankrupt
Your Answer Bankrupt


Multiple Choice Single Answer
Question Actual delivery of goods is also known as
Correct Answer physical delivery of goods
Your Answer physical delivery of goods


Multiple Choice Single Answer
Question A certificate of incorporation is issued by
Correct Answer A Registrar
Your Answer A Registrar


Match The Following
Question Correct Answer Your Answer
Minor Partner Admitted for profits only Partners
Dissolution of a Partnership Death or Insanity of the partners Death or Insanity of the partners
Firm Partners Agents of the firm
Partner Agents of the firm Admitted for profits only
Partnership Can be formed at Will Can be formed at Will


Multiple Choice Single Answer
Question Whatever a person can do himself, he can do the same through another person i.e.,
Correct Answer his agent
Your Answer his agent


Select The Blank
Question When the notice of stoppage in transit is given by the seller to the ________in possession of goods, the latter must re-deliver the goods to the seller.
Correct Answer Carrier
Your Answer Agent


True/False
Question A Bill of Exchange can be crossed.
Correct Answer False
Your Answer True


Multiple Choice Single Answer
Question An Association of many persons who contribute money or money's worth to a common stock and employ it for a common purpose. It is known as a
Correct Answer Company
Your Answer Partnership Business


True/False
Question In case the object of an agency becomes unlawful, the agency can not be terminated.
Correct Answer False
Your Answer False


Multiple Choice Multiple Answer
Question The partner who is illegally expelled
Correct Answer can claim re-instatement , can sue the firm for the refund of his share in the profits as well as profits
Your Answer can claim re-instatement , can sue the firm for the refund of his share in the profits as well as profits


Match The Following
Question Correct Answer Your Answer
Unlawful Business Dissolution of Partnership Dissolution of Partnership
Sub-partner Sharing of profits by outsiders Sharing of profits by outsiders
Partnership Association of two or more persons Association of two or more persons
Partners have to be Competent Competent
Partner lending his name only Nominal partner Nominal partner


Select The Blank
Question The object of the Consumer Protection Act of 1986 is to educate the people so that they can find out ________ for their grievances
Correct Answer legal remedies
Your Answer legal remedies


True/False
Question Memorandum of a company is a primary and supreme document of the company.
Correct Answer True
Your Answer True


Multiple Choice Multiple Answer
Question Negotiable Instruments recognised by usage or custom of trade
Correct Answer Bank notes , share warrants , share certificates
Your Answer share warrants , share certificates , cheques


Multiple Choice Multiple Answer
Question Public notice is required to be given
Correct Answer on the dissolution of a firm which is registered , on the retirement of any of the partner of a registered firm
Your Answer on the dissolution of a firm which is registered , on retirement of a dormant partner , on the retirement of any of the partner of a registered firm


True/False
Question An insolvent person can accept or endorse a bill.
Correct Answer False
Your Answer False


True/False
Question Directors of a private company need to file their consent with the registrar to act as director or sign an undertaking.
Correct Answer False
Your Answer True


Multiple Choice Multiple Answer
Question The very important stages in the connection of formation of a company are
Correct Answer Promotion , Registration , Floatation
Your Answer Promotion , Registration , Floatation


Select The Blank
Question Under ________ influence the dominant party may hold a real authority over the other party.
Correct Answer undue
Your Answer undue


Multiple Choice Multiple Answer
Question Goods means
Correct Answer growing crops , stocks & shares
Your Answer actionable claims , growing crops , stocks & shares


Multiple Choice Multiple Answer
Question Public notice of a dissolution of firm is required to be given by
Correct Answer publishing the same in the official gazette , publishing the same in the local news paper
Your Answer publishing the same in the official gazette , publishing the same in the local news paper


Multiple Choice Multiple Answer
Question Every Prospectus shall state the matters specified in part I of schedule II of the Companies Act issued by
Correct Answer Or on behalf of a company , Or on behalf of any person engaged in formation of company , Or on behalf of any person interested in formation of company
Your Answer Or on behalf of a company , Or on behalf of any person engaged in formation of company , Or on behalf of any person interested in formation of company


Multiple Choice Multiple Answer
Question Following are the characteristics of the partnership at will
Correct Answer Partners are always free to break their relationship at their whim , It is for indefinite period
Your Answer Partners are always free to break their relationship at their whim , It is for indefinite period


Multiple Choice Single Answer
Question General offers open for the world at large can be accepted by any person
Correct Answer who complies with the conditions of the offer
Your Answer in the world


Multiple Choice Multiple Answer
Question Limited companies can be formed for promoting
Correct Answer Commerce , Art , Religion
Your Answer Commerce


Multiple Choice Multiple Answer
Question The following types of companies are required to have their own articles
Correct Answer Unlimited companies , Companies limited by guarantee , Private companies limited by shares
Your Answer Unlimited companies , Companies limited by guarantee , Private companies limited by shares


Select The Blank
Question A person under any legal or natural ________ can not appoint an agent.
Correct Answer disability
Your Answer disability


True/False
Question All contracts are agreements and all agreements are contracts.
Correct Answer False
Your Answer False


Multiple Choice Multiple Answer
Question Following are the conditions needed to prove that an act of a partner is an act of a partnership firm
Correct Answer an act be done in an ordinary course of business of a partnership firm , It must be related to the business of the firm , Act must have been done in the name and on behalf of the firm
Your Answer Act done in personal capacity , It must be related to the business of the firm , Act must have been done in the name and on behalf of the firm


Multiple Choice Single Answer
Question Actual delivery of goods is also known as
Correct Answer physical delivery of goods
Your Answer physical delivery of goods


Select The Blank
Question The confirmation of change of registered office of company within a state shall be communicated to the company within ________ from the date of receipt of such application.
Correct Answer Four weeks
Your Answer Four weeks


Multiple Choice Single Answer
Question When the time is not specified for the delivery of goods, the goods must be delivered.
Correct Answer Reasonable time
Your Answer Reasonable time


Select The Blank
Question Holding out means ________ leading another person to believe in something.
Correct Answer falsely
Your Answer forcefully


Multiple Choice Multiple Answer
Question Partners by Estoppel or holding out are also called as
Correct Answer quasi-partner , nominal partner
Your Answer quasi-partner , nominal partner


Multiple Choice Multiple Answer
Question Following are the characteristics of partnership at will
Correct Answer partners are always free to break their relationship at their whim , it is for indefinite period
Your Answer partners are always free to break their relationship at their whim , it is for indefinite period


Multiple Choice Multiple Answer
Question The memorandum of Association is the most important document, it acts out
Correct Answer The constitution , The formation , The objectives
Your Answer The constitution , The objectives


True/False
Question Alteration of memorandum or articles etc. to be noted in every copy.
Correct Answer True
Your Answer True


Select The Blank
Question A club or a society is an ________ of persons
Correct Answer association
Your Answer association


Select The Blank
Question Unpaid seller's right to stop the goods in transit arises only when the buyer is ________
Correct Answer Bankrupt
Your Answer Bankrupt


True/False
Question An auctioneer has full authority to sell the goods of his principal by private contracts.
Correct Answer False
Your Answer False


Multiple Choice Single Answer
Question Which of the following is the essential element of the contract ?
Correct Answer free consent
Your Answer free consent


Select The Blank
Question Special resolution and confirmation by ________is required for alteration of Memorandum.
Correct Answer Company Law Board
Your Answer Company Law Board


Multiple Choice Multiple Answer
Question The very important stages in the connection of formation of a company are
Correct Answer Promotion , Registration , Floatation
Your Answer Promotion , Registration , Floatation

Business Law 12

Business Law | SCDL Business Law Assignments





Select The Blank
Question When the notice of stoppage in transit is given by the seller to the ________in possession of goods, the latter must re-deliver the goods to the seller.
Correct Answer Carrier
Your Answer Carrier


Select The Blank
Question Section 13 of the Negotiable Instrument Act gives ________ of Negotiable Instrument.
Correct Answer Meaning
Your Answer Meaning


True/False Business Law | SCDL Business Law Assignments

Question A sale is an executed contract whereas an agreement to sell is an executor contract.
Correct Answer True
Your Answer True


Multiple Choice Single Answer
Question The sale of goods is the most common of all :-
Correct Answer Commercial contracts
Your Answer Commercial contracts


Match The Following Business Law | SCDL Business Law Assignments

Question Correct Answer Your Answer
Sale Exchange of goods for price Exchange of goods for price
Barter system Exchange of goods for goods Exchange of goods for goods
Sale of goods Act, 1930 Movable goods Movable goods
Caveat emptor Let the buyer beware Let the buyer beware


Multiple Choice Multiple Answer
Question Consent means :-
Correct Answer Assent of another , Assent to support a claim , Consent of the offeror to the contract
Your Answer Assent to support a claim , Consent of the offeror to the contract


Multiple Choice Single Answer
Question The maximum number of persons in case of partnership firm carrying on any business other than banking business must not exceed :-
Correct Answer Twenty
Your Answer Twenty


True/False
Question The law relating to sale of immovable goods is contained in the Sale of Goods Act, 1930.
Correct Answer False
Your Answer False


Select The Blank Business Law | SCDL Business Law Assignments

Question ________ implies committing or threatening to commit any act forbidden by the Indian Penal Code.
Correct Answer Coercion
Your Answer Coercion


Multiple Choice Multiple Answer
Question In India, some of Negotiable Instruments by usage or custom of trade are :-
Correct Answer Government promissory notes , Bankers drafts , Pay off orders
Your Answer Government promissory notes , Bills of exchange


True/False
Question Consideration is required in formal contracts.
Correct Answer False
Your Answer True


True/False Business Law | SCDL Business Law Assignments

Question An insolvent person can accept or endorse a bill.
Correct Answer False
Your Answer False


Multiple Choice Single Answer
Question An Association of many persons who contribute money or money's worth to a common stock and employ it for a common purpose. It is known as a :-
Correct Answer Company
Your Answer Company


Multiple Choice Multiple Answer
Question An unregistered firm can institute a criminal proceeding for :-
Correct Answer The wrongful use of the trade mark , The wrongful use of the firm name
Your Answer The partner for settlement of firm's account , The partner for any claim of set-off


Multiple Choice Multiple Answer
Question According to the Consumer Protection Act, 1986, a service includes :-
Correct Answer Financial service , Entertainment
Your Answer Financial service , Entertainment , Personal service


True/False Business Law | SCDL Business Law Assignments

Question "Law" means a set of rules and regulations in the nature of dictatorship.
Correct Answer False
Your Answer False


Multiple Choice Single Answer
Question The monetary jurisdiction is based upon the :-
Correct Answer Amount of relief claimed by the complainant
Your Answer The value of goods or services


Multiple Choice Single Answer
Question Section 138 deals with :-
Correct Answer Dishonour of cheque
Your Answer Dishonour of cheque


Multiple Choice Multiple Answer
Question Following are the conditions needed to prove an act of a partner is an act of a partnership firm
Correct Answer such a act be done in a ordinary course of a partnership firm , it must be related to the business of the firm , act must have been done in the name and on behalf of the firm
Your Answer such a act be done in a ordinary course of a partnership firm , it must be related to the business of the firm , act must have been done in the name and on behalf of the firm


Multiple Choice Single Answer
Question A partnership at will can be dissolved by filing a suit for :-
Correct Answer Dissolution
Your Answer Dissolution
POSTED BY MINDGRILL AT 3:44 AM 0 COMMENTS LINKS TO THIS POST
LABELS: BUSINESS LAW (SET - V)
Business Law - 13
LIST OF ATTEMPTED QUESTIONS AND ANSWERS


Multiple Choice Multiple Answer Business Law | SCDL Business Law Assignments

Question Following are the essentials of Coercion :-
Correct Answer Intention to induce someone to enter into an agreement , Threatening to detain property, unlawfully
Your Answer Intention to induce someone to enter into an agreement , Threatening to detain property, unlawfully


Multiple Choice Single Answer
Question Whatever a person can do himself, he can do the same through another person i.e.:-
Correct Answer His agent
Your Answer His agent


Multiple Choice Single Answer
Question In contract of sale the buyer becomes :-
Correct Answer Absolute owner of the property
Your Answer Part owner of the property


Multiple Choice Single Answer
Question The intention of the Negotiable Instrument Act is to govern :-
Correct Answer Legal relationship
Your Answer Legal relationship


True/False
Question An agency can be terminated after lapse of time or completion of the work.
Correct Answer True
Your Answer True


True/False Business Law | SCDL Business Law Assignments

Question Company is treated as a legal person distinct from its members.
Correct Answer True
Your Answer True


Multiple Choice Single Answer
Question In Mohri Bibi vs Dharmo Ghosh the ruling was laid down by :-
Correct Answer Privy Council
Your Answer Federal Court


Multiple Choice Multiple Answer
Question Following are the elements which constitute a partnership
Correct Answer there must be a contract regarding a partnership , there must be an association of two or more persons
Your Answer there must be a contract regarding a partnership , there must be an association of two or more persons


True/False
Question An agent does not have the right to stop goods in transit.
Correct Answer False
Your Answer True


Multiple Choice Single Answer
Question Competent parties means parties should be :-
Correct Answer Major in age
Your Answer Working at the same place


Multiple Choice Multiple Answer
Question Amendments made in the Consumer Protection Act in 1993 are :-
Correct Answer To add "services" relating to housing constructions , To enable filing class action complaints , To impose punishment on the complainant in cases of vexatious complaint.
Your Answer To add "services" relating to housing constructions , To enable filing class action complaints , To impose punishment on the complainant in cases of vexatious complaint.


Multiple Choice Single Answer
Question When the partners select to adopt certain firm name which is identical with the firm name already in existence, then such name is :-
Correct Answer Legal
Your Answer Illegal


True/False
Question A sub-agent acts under the direct control of his principal.
Correct Answer False
Your Answer False


Multiple Choice Multiple Answer
Question The liability of companies on the basis of liability are :-
Correct Answer Unlimited companies , Limited by guarantee , Limited by shares
Your Answer Limited by guarantee , Limited by shares


Multiple Choice Multiple Answer
Question Amendments made in the Consumer Protection Act in 2002 include :-
Correct Answer Provision for substitution of legal heir or representative as a party to the complainant in the event of the death of the opposite party. , Provision for recovery of amounts ordered to be paid by consumer redressal agencies as arrears of land revenue. , Provision for recharging of fee in respect of complaints filed before the consumer redressal agencies
Your Answer Provision for substitution of legal heir or representative as a party to the complainant in the event of the death of the opposite party. , Provision for recovery of amounts ordered to be paid by consumer redressal agencies as arrears of land revenue.


Multiple Choice Multiple Answer
Question Misrepresentation contains following ingredients :-
Correct Answer Positive assertion , Breach of duty without intention to deceive , Causing another party to make a mistake as to the substance of the thing
Your Answer Breach of duty without intention to deceive , Causing another party to make a mistake as to the substance of the thing


Multiple Choice Single Answer
Question Notice of the situations of the registered office of the company is required to be given to the registrar of the companies within :-
Correct Answer Thirty days
Your Answer Twenty days


Match The Following
Question Correct Answer Your Answer
Sale Exchange of goods for price Exchange of goods for price
Barter system Exchange of goods for goods Exchange of goods for goods
Sale of goods Act, 1930 Movable goods Immovable Goods
Caveat emptor Let the buyer beware Let the buyer beware


Select The Blank
Question An offer must create ________ relationship.
Correct Answer Legal
Your Answer Void


True/False
Question Where a cheque is crossed specially, the banker to whom it is crossed may again cross it specially to another banker, his agent, for collection.
Correct Answer True
Your Answer False


Select The Blank
Question For creating ________ relationship the parties to the contract must have a will to seek for the help of law court in the case of breach of a contract.
Correct Answer Legal
Your Answer Legal


Multiple Choice Multiple Answer
Question Following are the conditions needed to prove an act of a partner is an act of a partnership firm
Correct Answer such a act be done in a ordinary course of a partnership firm , it must be related to the business of the firm , act must have been done in the name and on behalf of the firm
Your Answer such a act be done in a ordinary course of a partnership firm , it must be related to the business of the firm , act must have been done in the name and on behalf of the firm


True/False
Question Copies of memorandum and articles shall not be given to members.
Correct Answer False
Your Answer False


Multiple Choice Single Answer
Question The monetary jurisdiction is based upon the :-
Correct Answer Amount of relief claimed by the complainant
Your Answer Amount of relief claimed by the complainant


Multiple Choice Multiple Answer
Question A company is a legal personality and as such it can :-
Correct Answer Own its property in its own name , Enjoy its property in its own name , Dispose of its property in its own name
Your Answer Own its property in its own name , Enjoy its property in its own name , Dispose of its property in its own name


Select The Blank
Question An agent can be held responsible for damages arising from his misconduct in the business of agency or ________.
Correct Answer Negligence
Your Answer Promise


Select The Blank
Question An order of the court asking a person to do or to abstain from doing a particular act, which is the subject matter of the contract, is known as ________.
Correct Answer Injunction
Your Answer Quasification


Match The Following
Question Correct Answer Your Answer
Minor Partner Admitted for profits only Can be formed at Will
Dissolution of a Partnership Death or Insanity of the partners Death or Insanity of the partners
Firm Partners Agents of the firm
Partner Agents of the firm Admitted for profits only
Partnership Can be formed at Will Partners


True/False
Question The subscriber of the memorandum of a company on its registration shall be entered in the register of members as member.
Correct Answer True
Your Answer True


Multiple Choice Single Answer
Question In case of private limited company, minimum number of members is two while the maximum is :-
Correct Answer 50
Your Answer 50


Multiple Choice Multiple Answer
Question In India, some of Negotiable Instruments by usage or custom of trade are :-
Correct Answer Government promissory notes , Bankers drafts , Pay off orders
Your Answer Government promissory notes , Bankers drafts , Pay off orders


Multiple Choice Multiple Answer
Question Goods may be classified as :-
Correct Answer Existing goods , Future goods , Contingent goods
Your Answer Existing goods , Future goods , Contingent goods


True/False
Question Registration of firm is a condition precedent for filing the suit for seeking the remedy which arises out of contractual obligations.
Correct Answer True
Your Answer False


Multiple Choice Single Answer
Question General offers open for the world at large can be accepted by any person :-
Correct Answer Who complies with the conditions of the offer
Your Answer Who reads the advertisement


Select The Blank
Question In ________ contract, all the parties perform their promise.
Correct Answer An executed
Your Answer An executed


True/False
Question Convicts are disqualified from contracting by the law to which they are subject.
Correct Answer True
Your Answer False


Multiple Choice Multiple Answer
Question An unregistered firm can institute a criminal proceeding for :-
Correct Answer The wrongful use of the trade mark , The wrongful use of the firm name
Your Answer The wrongful use of the trade mark , The wrongful use of the firm name


Multiple Choice Single Answer
Question In the Right of lien, the possession is retained by :-
Correct Answer Unpaid seller
Your Answer Unpaid seller


Select The Blank
Question The partners continue to be liable as such to ________ for any act done by them.
Correct Answer Third party
Your Answer Co-owner


True/False
Question A Promissory Note contains conditional undertaking to pay a certain sum of money.
Correct Answer False
Your Answer False


Multiple Choice Multiple Answer
Question Following are the agencies of a three tier system of consumer disputes redressal agencies :-
Correct Answer State commission , National commission , District Forum
Your Answer State commission , National commission , District Forum


Select The Blank
Question A firm is a name given to the partners ________.
Correct Answer Collectively
Your Answer Collectively


Multiple Choice Single Answer
Question Partnership created at will of the partners is:-
Correct Answer Partnership at will
Your Answer Partnership at will


Select The Blank
Question Ratification is one of the ways of ________ agency.
Correct Answer Creating
Your Answer Checking


Select The Blank
Question The essential point about an agent's position is his ________ of making his principal answerable to third parties.
Correct Answer Authority
Your Answer Authority


Select The Blank
Question Members of a club or a society are the ________ of each other.
Correct Answer Friends
Your Answer Friends


Multiple Choice Multiple Answer
Question Consent means :-
Correct Answer Assent of another , Assent to support a claim , Consent of the offeror to the contract
Your Answer Assent of another , Assent to support a claim , Consent of the offeror to the contract
LIST OF ATTEMPTED QUESTIONS AND ANSWERS


Multiple Choice Single Answer
Question In the Bill of Exchange, the person to whom the bill is made payable is called as
Correct Answer payee
Your Answer payee


True/False
Question A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price
Correct Answer True
Your Answer True


Select The Blank
Question The person acting as an agent on behalf of the principal should act ________.
Correct Answer honestly
Your Answer honestly


True/False
Question An intention to create legal relations is one of the most important criterions to establish a contract.
Correct Answer True
Your Answer True


Multiple Choice Single Answer
Question "Every agreement and promise enforceable at law is a contract", This statement was made by -
Correct Answer Sir Fredrick Pollock
Your Answer Sir Fredrick Pollock


Multiple Choice Multiple Answer
Question According to the Consumer Protection Act, 1986, a person includes
Correct Answer Hindu undivided family , Co-operative society , Individual as well as juristic person
Your Answer Registered firm only , Hindu undivided family , Co-operative society


Multiple Choice Multiple Answer
Question Coercion means and includes
Correct Answer any act forbidden by the Indian Penal Code , any threatening to commit illegal act
Your Answer any act forbidden by the Indian Penal Code , any threatening to commit illegal act , act forbidden by any law


Multiple Choice Multiple Answer
Question Following are the essentials of Coercion
Correct Answer intention to induce someone to enter into an agreement , threatening to detain property, unlawfully
Your Answer threatening to detain property, unlawfully , there must be some relationship between the parties , It is mainly of moral character


Match The Following
Question Correct Answer Your Answer
Relationship of Master and servant No authority to bind No authority to bind
Relationship between the principal and the agent Fiduciary Commission Agent
An agent who is appointed to sell goods on behalf of the principal An auctioneer Marketing Agent
An agent appointed for selling or buying goods on behalf of his principal Commission Agent Dealer


Select The Blank
Question A ________ is an artificial person and has a legal entity.
Correct Answer Company
Your Answer Company


Multiple Choice Multiple Answer
Question The Articles of Association contains the
Correct Answer Rules , Regulations , Bye-laws
Your Answer Rules , Regulations , Bye-laws
Multiple Choice Single Answer
Question One of the essentials of a Bill of Exchange is that it
Correct Answer must be in writing
Your Answer must be in writing
True/False
Question The term business includes every lawful trade, occupation and profession.
Correct Answer True
Your Answer True


Match The Following
Question Correct Answer Your Answer
Appropriate Laboratory Recognised by Central Government Recognised by Central Government
Services Doesn't include contract of personal service Stock and share
Spurious goods Goods claimed to be genuine Doesn't include contract of personal service


Select The Blank
Question An agent is simply blank a ________ between his principal and the third party.
Correct Answer connecting link
Your Answer authoritative link


Multiple Choice Multiple Answer
Question Following persons can not be called partners
Correct Answer minors , insolvents , co-owners without the agreement to carry on the business
Your Answer minors , insolvents , co-owners without the agreement to carry on the business


Multiple Choice Single Answer
Question To be deemed as an unpaid seller the seller must
Correct Answer have sold the goods against cash and the price must be due
Your Answer have sold the goods against cash and the price must be due


True/False
Question The provisions of sale of goods were previously included in the Indian Contract Act, 1872.
Correct Answer True
Your Answer False


Multiple Choice Single Answer
Question Partnership at will can be dissolved by any partner by
Correct Answer Giving due notice to that effect to all other partners
Your Answer Giving due notice to that effect to all other partners


True/False
Question "Law" means a set of rules and regulations in the nature of dictatorship.
Correct Answer False
Your Answer False

Business Law Set11p

Business Law | SCDL Business Law Assignments



Select The Blank
Question The Indian Contract Act, 1872, does not cover all those duties which are not ________ in nature.
Correct Answer contractual
Your Answer contractual


Multiple Choice Single Answer
Question Unpaid seller's right to stop the goods in transit arises only when the buyer becomes
Correct Answer insolvent
Your Answer fraudulent
Multiple Choice Single Answer
Question Right to withhold the delivery of goods is similar to and co-extensive with the right of
Correct Answer stoppage of goods in transit
Your Answer stoppage of goods in transit
Select The Blank
Question The company does not possess ________ still it is a person in the eyes of law.
Correct Answer fundamental rights
Your Answer constitutional rights


Multiple Choice Single Answer Business Law | SCDL Business Law Assignments
Question The essence of contract of sale is
Correct Answer sale of goods
Your Answer sale of goods


Match The Following
Question Correct Answer Your Answer
Penalty for false particulars Imprisonment for three months Imprisonment for three months
Partnership deed Name, Place, Date Name, Place, Date
A statement in prescribed form and accompanied by fees Required for registration To rectify any mistake
The registrar of firms To rectify any mistake Required for registration


Multiple Choice Single Answer
Question The National Commission has the power to entertain appeals against the orders of any
Correct Answer State Commission
Your Answer Consumer Tribunal


Multiple Choice Multiple Answer Business Law | SCDL Business Law Assignments
Question An unregistered firm can institute a criminal proceeding
Correct Answer The wrongful use of the trade mark , The wrongful use of the firm name
Your Answer The wrongful use of the trade mark , The partner for settlement of firm's account , The partner for any claim of set-off


Select The Blank
Question An offer must create ________ relationship
Correct Answer Legal
Your Answer Legal


True/False Business Law | SCDL Business Law Assignments
Question Company is treated as a legal person distinct from its members.
Correct Answer True
Your Answer True


Multiple Choice Multiple Answer
Question A cheque can be
Correct Answer Bearer , Order , Crossed
Your Answer Bearer , Crossed


Multiple Choice Single Answer
Question In an auction sale, if someone gives highest bid and the auctioneer accepts his offer by striking the hammer it is
Correct Answer an implied acceptance
Your Answer an implied acceptance


Match The Following
Question Correct Answer Your Answer
Complaint of Consumer Any allegation in writing Any allegation in writing
Trade in relation to any goods Who distributes goods Who distributes goods
Manufacturer Who makes any goods Who makes any goods
Consumer Dispute Dispute between consumer and manufacturer or trader Dispute between consumer and manufacturer or trader


Multiple Choice Single Answer
Question Constructive delivery is also called as Delivery by
Correct Answer Attornment
Your Answer Attornment


Multiple Choice Multiple Answer
Question Following are the essential of Undue influence
Correct Answer there must be some relationship between the parties , It is mainly of moral character
Your Answer intention to induce someone to enter into an agreement , threatening to detain property, unlawfully , It is mainly of moral character


Multiple Choice Multiple Answer
Question There is always a direct privity of contract between the principal and the following
Correct Answer substituted agent , co-agent , general agent
Your Answer substituted agent , general agent


Select The Blank Business Law | SCDL Business Law Assignments
Question One man holds practically the ________ of the share capital of the one man company.
Correct Answer whole
Your Answer whole


Select The Blank
Question The ________ of 1986 is basically passed to protect the interest of the consumer.
Correct Answer Consumer Protection Act
Your Answer Consumer Protection Act


Multiple Choice Multiple Answer
Question An agent may retain, out of any sums received on account of the principal in the business of the agency
Correct Answer remuneration as may be payable , expenses properly incurred , all sums due to himself
Your Answer remuneration as may be payable , expenses properly incurred , all sums due to himself


Multiple Choice Single Answer
Question Quasi Contract is created by
Correct Answer law
Your Answer law


True/False Business Law | SCDL Business Law Assignments
Question The Registrar shall register the altered memorandum and certify the registration under his hand within one month from the date of filing such documents.
Correct Answer True
Your Answer False

True/False
Question Registration is compulsory for all the companies.
Correct Answer True
Your Answer True


Multiple Choice Multiple Answer
Question The following types of companies are required to have their own articles
Correct Answer Unlimited companies , Companies limited by guarantee , Private companies limited by shares
Your Answer Companies limited by guarantee , Private companies limited by shares


True/False
Question The membership of the association of company shall cease on the dissolution of the firm.
Correct Answer True
Your Answer True


Multiple Choice Single Answer
Question A contract in which a consent is caused by undue influence, is
Correct Answer voidable at the option of the consenting party
Your Answer voidable at the option of the consenting party


Multiple Choice Single Answer
Question Every company by law must have
Correct Answer Common seal
Your Answer Common documents


Select The Blank
Question Any person who is of age of majority according to the law to which he is a subject, may ________ an agent.
Correct Answer appoint
Your Answer appoint
Multiple Choice Multiple Answer
Question According to the Consumer Protection Act, 1986, a service includes
Correct Answer Financial service , Entertainment
Your Answer Financial service , Entertainment


Multiple Choice Multiple Answer
Question A company is registered as an artificial person. It has no
Correct Answer Body , Soul , Conscience
Your Answer Body , Soul , Conscience


Select The Blank
Question A misrepresentation may be committed by causing a mistake ________
Correct Answer innocently
Your Answer innocently


True/False
Question No consideration is required in formal contracts.
Correct Answer True
Your Answer False
POSTED BY MINDGRILL AT 12:56 AM 0 COMMENTS LINKS TO THIS POST
LABELS: BUSINESS LAW (SET - V)
THURSDAY, MAY 14, 2009
Business Law - 14
LIST OF ATTEMPTED QUESTIONS AND ANSWERS


Select The Blank
Question Special resolution and confirmation by ________ is required for alteration of Memorandum.
Correct Answer Company Law Board
Your Answer Company Law Board


Multiple Choice Multiple Answer
Question Goods may be classified as :-
Correct Answer Existing goods , Future goods , Contingent goods
Your Answer Existing goods , Future goods , Contingent goods


Select The Blank
Question A ________ is an artificial person and has a legal entity.
Correct Answer Company
Your Answer Company


Select The Blank
Question A valid tender of performance should be ________.
Correct Answer Unconditional
Your Answer Unconditional


Multiple Choice Multiple Answer
Question Following are the elements which constitute a partnership firm :-
Correct Answer There must be a contract regarding a partnership , There must be an association of two or more persons
Your Answer There must be a contract regarding a partnership , The main object of carrying on the business must be the sharing of liabilities for individual profits , There must be an association of two or more persons


Match The Following
Question Correct Answer Your Answer
Presentation of Negotiable Instrument For payment For payment
When an endorser signs the instrument and adds a direction to pay the amount mentioned therein Endorsement in full Endorsement in full
Default in payment of amount of cheque Dishonour of cheque Dishonour of cheque
Notice of dishonour of cheque Mandatory provision Non mandatory provision


Multiple Choice Multiple Answer
Question According to the Consumer Protection Act, 1986, a person includes :-
Correct Answer Hindu undivided family , Co-operative society , Individual as well as juristic person
Your Answer Registered firm only , Hindu undivided family , Co-operative society


Multiple Choice Multiple Answer
Question Following are the elements which constitute a partnership
Correct Answer there must be a contract regarding a partnership , there must be an association of two or more persons
Your Answer there must be a contract regarding a partnership , the main object of carry on the business must be sharing of liabilities , there must be an association of two or more persons


True/False
Question General agents are the persons who enjoy a general authority to do everything in the course of their agency.
Correct Answer True
Your Answer True


Select The Blank
Question The person who buys the goods for trading purposes is not a ________ under the Consumer Protection Act, 1986.
Correct Answer Consumer
Your Answer Consumer


Multiple Choice Multiple Answer
Question Following persons can perform the contracts :-
Correct Answer Promissor , Agent , Legal representative
Your Answer Promissor , Agent , Legal representative


Multiple Choice Single Answer
Question The Consumer Protection Act makes available certain new remedies leaving the :-
Correct Answer Substantive rights of the consumer intact
Your Answer Substantive rights of the consumer intact


Select The Blank
Question In a ________ contract, the future event is collateral to the contract.
Correct Answer Contingent
Your Answer Contingent


Multiple Choice Single Answer
Question A lady brought a photocopier for the whole and sole purpose of earning her livelihood and she never intended to use the same for large scale trading activity or commercial purpose. She is a :-
Correct Answer Consumer
Your Answer Vendor


Multiple Choice Multiple Answer
Question Which of the following are not a void agreement?
Correct Answer Agreement with consideration
Your Answer Agreement with consideration , Agreement of marriage , Agreements relating to legal proceedings


Multiple Choice Single Answer
Question Bill of Exchange must contain :-
Correct Answer Order to pay money only
Your Answer Order to pay money only


Multiple Choice Multiple Answer
Question Agent has duties towards principal in addition to :-
Correct Answer Conducting principal's business , Rendering accounts to principal , Communicating with the principal
Your Answer Conducting principal's business , Communicating with the principal , Setting up an advance adverse title to himself


Multiple Choice Single Answer
Question A partner can not transfer his share to any outsider without obtaining :-
Correct Answer Consent of other partners
Your Answer Consent of other partners


True/False
Question An agreement without consideration is void.
Correct Answer True
Your Answer True


True/False
Question No company shall be registered by a name which, in the opinion of the central government is undesirable.
Correct Answer True
Your Answer True


True/False
Question Under the Consumer Protection Act of 1986, goods include actionable claim and money.
Correct Answer False
Your Answer False


Select The Blank
Question Spurious goods means goods which are ________.
Correct Answer Fake
Your Answer Fake


Select The Blank
Question An agent is simply a blank ________ between his principal and the third party.
Correct Answer Connecting link
Your Answer Connecting link


True/False
Question Money order, Postal order, Share Certificates, Deposit receipts and such other documents are Negotiable Instruments.
Correct Answer False
Your Answer False


Multiple Choice Single Answer
Question Material attestation of Negotiable Instrument, unless carried out, common intention of the original parties becomes :-
Correct Answer Void
Your Answer Legal


Multiple Choice Single Answer
Question A body carrying out analysis or test of any goods with a view to determining whether such goods suffer from any defect is known as :-
Correct Answer Appropriate laboratory
Your Answer All India laboratory


Select The Blank
Question A partner has a right to settle the ________ of the firm out of the property of the firm.
Correct Answer Debts
Your Answer Share
Business Law | SCDL Business Law Assignments


Multiple Choice Single Answer
Question
Quasi Contract rests on the ground of :-
Correct Answer
Equity
Your Answer
Equity

True/False
Question
Memorandum of a company is a primary and supreme document of the company.
Correct Answer
True
Your Answer
True

LIST OF ATTEMPTED QUESTIONS AND ANSWERS Business Law | SCDL Business Law Assignments



Multiple Choice Multiple Answer
Question
There is always a direct privity of contract between the principal and the following
Correct Answer
substituted agent , co-agent , general agent
Your Answer
substituted agent , co-agent , general agent

True/False
Question
Sections 1 to 75 of the Indian Contract Act, 1872 provides for the special contracts.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer Business Law | SCDL Business Law Assignments
Question
For the existence of a partnership there must be an association of
Correct Answer
Two or more persons
Your Answer
Two or more persons

True/False
Question
The company cannot exceed the powers conferred on it by its memorandum
Correct Answer
True
Your Answer
True

Match The Following
Question
Correct Answer
Your Answer
Minor Partner
Admitted for profits only
Admitted for profits only
Dissolution of a Partnership
Death or Insanity of the partners
Death or Insanity of the partners
Firm
Partners
Partners
Partner
Agents of the firm
Agents of the firm
Partnership
Can be formed at Will
Can be formed at Will

Multiple Choice Single Answer Business Law | SCDL Business Law Assignments
Question
A company which has a control over a subsidiary company is a
Correct Answer
Holding company
Your Answer
Holding company

Multiple Choice Single Answer
Question
A Company, when registered with limited liability under the Companies Act 1956, shall be deemed to be a company
Correct Answer
Limited by shares
Your Answer
Limited by shares

Multiple Choice Multiple Answer
Question
Following are the elements which constitute a partnership
Correct Answer
there must be a contract regarding a partnership , there must be an association of two or more persons
Your Answer
there must be a contract regarding a partnership , the main object of carry on the business must be sharing of liabilities , there must be an association of two or more persons

Multiple Choice Single Answer
Question
According to the Consumer Protection Act of 1986, goods means as defined under
Correct Answer
Sale of Goods Act, 1930
Your Answer
Sale of Goods Act, 1930

Multiple Choice Multiple Answer Business Law | SCDL Business Law Assignments
Question
Presumptions do not arise where an instrument is obtained by
Correct Answer
fraud , offence , illegal consideration
Your Answer
fraud , offence , illegal consideration

Multiple Choice Multiple Answer
Question
In the absence of usage or custom of trade to the contrary, the implied authority of a partner does not empower him to
Correct Answer
acquire movable property on behalf of the firm , transfer movable property belonging to the firm
Your Answer
admit any liability in a suit or proceedings against the firm , withdraw a suit or proceeding filed on behalf of the firm

Multiple Choice Single Answer
Question
Acceptance should be made in
Correct Answer
The manner prescribed by the promisor and if not prescribed in any reasonable manner
Your Answer
The manner prescribed by the promisor and if not prescribed in any reasonable manner

Multiple Choice Multiple Answer
Question
Documents to be presented for the registration of a company with the registrar are
Correct Answer
The memorandum of the company , Its articles , The agreement, if any
Your Answer
The memorandum of the company , Its articles , The agreement, if any

Multiple Choice Single Answer
Question
Sale is a contract plus
Correct Answer
conveyance
Your Answer
commitment

True/False Business Law | SCDL Business Law Assignments
Question
An agency can be terminated after lapse of time or completion of the work.
Correct Answer
True
Your Answer
True

Select The Blank
Question
A club or a society is an ________ of persons
Correct Answer
association
Your Answer
association

Match The Following
Question
Correct Answer
Your Answer
Minor's Agreement
Void ab initio
Void ab initio
Threatning to commit
Coercion
Coercion
Consideration
Past, Present and Future
Past, Present and Future
Mistake
Fact and Law
Fact and Law

Multiple Choice Multiple Answer
Question
If the principal comes to know that the agent has dishonestly concealed from him any material fact, the principal
Correct Answer
can repudiate the transaction , may affirm such transaction , may claim damages for loss
Your Answer
can repudiate the transaction , may affirm such transaction , may claim damages for loss

Multiple Choice Multiple Answer
Question
In the absence of usage or custom of trade to the contrary, the implied authority of a partner does not empower him to
Correct Answer
Acquire movable property on behalf of the firm , transfer movable property belonging to the firm
Your Answer
admit any liability in a suit or proceedings against the firm , enter into partnership on behalf of the firm

Multiple Choice Multiple Answer
Question
Following are the persons who cannot enter into partnership firm
Correct Answer
A Burmese Buddhist husband and wife carrying on business , the members of Hindu Undivided Family carrying on Family business
Your Answer
A Burmese Buddhist husband and wife carrying on business , the members of Hindu Undivided Family carrying on Family business

Multiple Choice Multiple Answer
Question
Amendments made in the Consumer Protection Act in 1993 are
Correct Answer
To add "services" relating to housing constructions , To enable filing class action complaints , To impose punishment on the complainant in cases of vexatious complaint.
Your Answer
To add "services" relating to housing constructions , To enable filing class action complaints , To impose punishment on the complainant in cases of vexatious complaint.

Multiple Choice Multiple Answer
Question
A person is considered the holder of Negotiable Instruments if
Correct Answer
his name appear on an instrument , he is in possession of bearer instrument , he is the endorses of a cheque
Your Answer
his name appear on an instrument , he is in possession of bearer instrument , he is the endorses of a cheque

Multiple Choice Multiple Answer
Question
Following are the conditions needed to prove an act of a partner is an act of a partnership firm
Correct Answer
such a act be done in a ordinary course of a partnership firm , it must be related to the business of the firm , act must have been done in the name and on behalf of the firm
Your Answer
such a act be done in a ordinary course of a partnership firm , it must be related to the business of the firm , act must have been done in the name and on behalf of the firm

Multiple Choice Multiple Answer
Question
The three ingredients in the performance of a contract of sale by the seller are
Correct Answer
Transfer of property in goods , The passing of the risk , Delivery of goods
Your Answer
Transfer of property in goods , The passing of the risk , Delivery of goods

Multiple Choice Multiple Answer
Question
Instruments payable on demand are
Correct Answer
Cheque , Promissory Note , Bill of Exchange
Your Answer
Cheque , Promissory Note , Bill of Exchange

Select The Blank Business Law | SCDL Business Law Assignments
Question
Ratification is one of the ways of ________ agency.
Correct Answer
creating
Your Answer
creating

True/False
Question
The membership of the association of company shall cease on the dissolution of the firm.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Members of a club or a society are the ________ of each other.
Correct Answer
friends
Your Answer
partners

Multiple Choice Multiple Answer
Question
The State Council consists of the following members
Correct Answer
Minister in-charge of consumer affairs in the State Govt. , Members representing such interests as may be prescribed by the State Govt.
Your Answer
Minister in-charge of consumer affairs in the State Govt. , Members representing such interests as may be prescribed by the State Govt.

Multiple Choice Single Answer
Question
Sale is a contract plus
Correct Answer
executed contract
Your Answer
executory contract

Select The Blank
Question
An agent is simply blank a ________ between his principal and the third party.
Correct Answer
connecting link
Your Answer
connecting link

True/False
Question
Railway or S.T. Receipts, Dividend, Warrants, Railway Bonds are not Negotiable Instrument.
Correct Answer
False
Your Answer
False

True/False
Question
A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price
Correct Answer
True
Your Answer
True

Select The Blank
Question
The property in the Negotiable Instrument passes from one person to another person by ________ delivery.
Correct Answer
Mere/ Simple
Your Answer
Mere/ Simple

True/False
Question
The principal can ratify unauthorised act of an agent.
Correct Answer
False
Your Answer
True

Select The Blank
Question
An order of the court asking a person to do or to abstain from doing a particular act, which is the subject matter of the contract, is known as ________.
Correct Answer
Injuction
Your Answer
Injuction

Multiple Choice Single Answer
Question
A partner who invests capital & share profits but do not take active part in firm's business is
Correct Answer
a dormant or sleeping partner
Your Answer
a dormant or sleeping partner

Select The Blank
Question
Special resolution and confirmation by ________is required for alteration of Memorandum.
Correct Answer
Company Law Board
Your Answer
Company Law Board

Select The Blank
Question
The object of the Consumer Protection Act of 1986 is to educate the people so that they can find out ________ for their grievances
Correct Answer
legal remedies
Your Answer
legal remedies

Multiple Choice Multiple Answer
Question
Following are the characteristics of the partnership at will
Correct Answer
Partners are always free to break their relationship at their whim , It is for indefinite period
Your Answer
Partners are always free to break their relationship at their whim , It is for indefinite period

Multiple Choice Single Answer
Question
The intention of the Negotiable Instrument Act is to govern
Correct Answer
legal relationship
Your Answer
legal relationship

True/False
Question
If all the members of a company are married, the company would not be a married person.
Correct Answer
True
Your Answer
True

Select The Blank
Question
A firm is a name given to the partners ________
Correct Answer
collectively
Your Answer
collectively

True/False
Question
An agreement to sell takes place in the case of existing goods or specific goods.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
Which authority of an agent can be inferred from the circumstances of the case ?
Correct Answer
implied
Your Answer
implied

Multiple Choice Multiple Answer
Question
Section 2. of Indian Contract Act defines proposal as
Correct Answer
when one person communicates his desire to do something for another to obtain the assent of another that is a proposal. , when one person signifies to another his willingness to do or to abstain with a view to obtain the consent of another that is a proposal.
Your Answer
when one person communicates his desire to do something for another to obtain the assent of another that is a proposal.

Multiple Choice Single Answer
Question
The object of carrying on a business must be
Correct Answer
Sharing of profits
Your Answer
Sharing of profits
LIST OF ATTEMPTED QUESTIONS AND ANSWERS


Select The Blank
Question Acceptance of a lesser performance than what was actually contracted for is known as ________.
Correct Answer remission
Your Answer novation


True/False
Question Unenforceable agreements and illegal agreements mean one and the same thing.
Correct Answer False
Your Answer False


Select The Blank
Question Spurious goods means goods which are ________
Correct Answer fake
Your Answer fake


Select The Blank
Question ________ implies committing or threatening to commit any act forbidden by the Indian Penal Code.
Correct Answer Coercion
Your Answer Coercion


True/False
Question If all the members of a company are married, the company would not be a married person.
Correct Answer True
Your Answer True


True/False
Question Companies can be registered with undesirable names.
Correct Answer False
Your Answer False


Multiple Choice Multiple Answer
Question A company is registered as an artificial person. It has no
Correct Answer Body , Soul , Conscience
Your Answer Body , Soul , Conscience


Multiple Choice Multiple Answer
Question A condition is a type of stipulation and has following characteristics
Correct Answer It is of the subsidiary character , A breach of it gives the suffered party the one & only one right to repudiate the contract
Your Answer It is of fundamental in nature , It directly goes to the root of the contract , A breach of it gives the suffered party the one & only one right to repudiate the contract


Multiple Choice Single Answer
Question The communication of a proposal is complete when it
Correct Answer comes to the knowledge of the person to whom it is made
Your Answer comes to the knowledge of the person to whom it is made


Multiple Choice Multiple Answer
Question The liability of companies on the basis of liability are
Correct Answer Unlimited companies , Limited by guarantee , Limited by shares
Your Answer Limited by guarantee , Limited by shares


Select The Blank
Question When the person to whom the proposal is made signifies his assent thereto, the proposal is said to be ________.
Correct Answer accepted
Your Answer accepted


True/False
Question Convicts are disqualified from contracting by the law to which they are subject.
Correct Answer True
Your Answer True

Multiple Choice Single Answer
Question A stipulation in a contract of sale with reference to goods which are subject there of may be
Correct Answer A condition or warranty
Your Answer An agency agreement


True/False
Question A servant appointed by his masters is an agent.
Correct Answer False
Your Answer False


Multiple Choice Multiple Answer
Question The object of the contract should be
Correct Answer legal one , lawful
Your Answer any business , legal one , lawful


Multiple Choice Single Answer
Question An agency is based upon consent and hence, it is a
Correct Answer consensual relations
Your Answer consensual relations

Business Law Set9

Business Law | SCDL Business Law Assignments


True/False
Question Railway or S.T. Receipts, Dividend, Warrants, Railway Bonds are not Negotiable Instrument.
Correct Answer False
Your Answer True


Multiple Choice Multiple Answer
Question Agreement is a contract voidable at the option of the party to an agreement to make a mistake as to :-
Correct Answer The agreement , The contract subject to a specific conditions , The subject matter of the thing
Your Answer The contract subject to a specific conditions , The subject matter of the thing , The substance of the thing which is subject matter of the agreement


Multiple Choice Single Answer
Question The capacity to contract with an agent is the part of the law of :-
Correct Answer Statute
Your Answer Statute


Select The Blank Business Law | SCDL Business Law Assignments
Question A ________ partner is like an undisclosed principal.
Correct Answer Sleeping
Your Answer Dynamic


Multiple Choice Single Answer
Question A company which is not a private company is :-
Correct Answer Public company
Your Answer Limited by guarantee


True/False
Question The company law board may, at any time, by order, extend the time for the filing of documents.
Correct Answer True
Your Answer True
LIST OF ATTEMPTED QUESTIONS AND ANSWERS



True/False Business Law | SCDL Business Law Assignments
Question
The relation between a doctor and his patient is not fiduciary in nature.
Correct Answer
False
Your Answer
True

Match The Following
Question
Correct Answer
Your Answer
Barter system
Exchange of goods for goods
Exchange of goods for goods
Sale of goods Act, 1930
Movable goods
Movable goods
Caveat emptor
Let the buyer beware
Let the buyer beware
Sale
Exchange of goods for price
Exchange of goods for price

Multiple Choice Single Answer Business Law | SCDL Business Law Assignments
Question
Mr. Red and Mr. White register their company as a private company with a share capital of Rs. 7, 00,000/- divided into 70,000 shares of Rs.10/- each. Mr. White holds 69,999 shares while Mr. Red holds only 1 share. This is a :-
Correct Answer
One man company
Your Answer
One man company

Multiple Choice Single Answer
Question
If any member of the Central Council wants to resign from the Central Council, he may do so by a letter addressed to the :-
Correct Answer
Chairman
Your Answer
President

Multiple Choice Multiple Answer
Question
Coercion means and includes :-
Correct Answer
Any act forbidden by the Indian Penal Code , Any threatening to commit illegal act
Your Answer
Any act forbidden by the Indian Penal Code , Any threatening to commit illegal act , Act forbidden by any law

Multiple Choice Multiple Answer
Question
Following persons can not be called partners
Correct Answer
minors , insolvents , co-owners without the agreement to carry on the business
Your Answer
minors , insolvents , co-owners without the agreement to carry on the business

Multiple Choice Multiple Answer Business Law | SCDL Business Law Assignments
Question
The principal must give compensation to his agent in respect of injury caused to an agent by the :-
Correct Answer
Principal's neglect , Principal's want to skill , Principal's want to knowledge
Your Answer
Principal's neglect , Principal's want to skill , Principal's want to knowledge

Multiple Choice Single Answer
Question
A cheque is dishonoured by :-
Correct Answer
Non payment only
Your Answer
Non security only

Multiple Choice Multiple Answer
Question
Documents to be presented for the registration of a company with the registrar are :-
Correct Answer
The memorandum of the company , Its articles , The agreement, if any
Your Answer
The memorandum of the company , Its articles , The agreement, if any

Select The Blank
Question
Past consideration is one which is wholly suffered by the ________ even before making of the agreement.
Correct Answer
Promisee
Your Answer
Promisor

True/False
Question
The social or the domestic contracts are excluded from the purview of the Indian Contract Act, 1872.
Correct Answer
True
Your Answer
False

Match The Following Business Law | SCDL Business Law Assignments
Question
Correct Answer
Your Answer
Minor Partner
Admitted for profits only
Admitted for profits only
Dissolution of a Partnership
Death or Insanity of the partners
Death or Insanity of the partners
Firm
Partners
Partners
Partner
Agents of the firm
Agents of the firm
Partnership
Can be formed at Will
Can be formed at Will

True/False
Question
Persons who have entered into partnership with one another are called individually partners and they are collectively "a firm".
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
An unregistered firm can institute a suit against
Correct Answer
wrongful use of the trade mark , wrongful use of the firm name
Your Answer
wrongful use of the trade mark , wrongful use of the firm name

Multiple Choice Multiple Answer
Question
Following are the elements which constitute a partnership
Correct Answer
there must be a contract regarding a partnership , there must be an association of two or more persons
Your Answer
there must be a contract regarding a partnership , there must be an association of two or more persons

Multiple Choice Multiple Answer Business Law | SCDL Business Law Assignments
Question
There can not be any partnership where a business is carried on
Correct Answer
with a benevolent purpose , where any one of the partners is entitled to total profit earned
Your Answer
with a benevolent purpose , where any one of the partners is entitled to total profit earned

True/False
Question
An auctioneer has full authority to sell the goods of his principal by private contracts.
Correct Answer
False
Your Answer
True

Select The Blank
Question
Notice of dissolution of firm must be ________.
Correct Answer
Explicit
Your Answer
Implicit

Multiple Choice Multiple Answer
Question
Promissory note must be in :-
Correct Answer
In writing , Definite , Unconditional
Your Answer
In writing , Definite

Multiple Choice Multiple Answer
Question
An unregistered firm can bring an action in any court of Law against
Correct Answer
a partner who steals the property of the partnership firm , a partner who purposely damages the property of the partnership firm
Your Answer
a partner who steals the property of the partnership firm , a partner who purposely damages the property of the partnership firm , a partner who uses the firm name for gaining personal profits

True/False Business Law | SCDL Business Law Assignments
Question
Mental acceptance amounts to an acceptance.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
A cooler was purchased not for his own use, but it was installed at a bus-stand for the use of public free of charge. it was held that the purchaser was a consumer because :-
Correct Answer
There was no commercial purpose
Your Answer
There was no commercial purpose

Multiple Choice Multiple Answer
Question
In the absence of usage or custom of trade to the contrary, the implied authority of a partner does not empower him to
Correct Answer
acquire movable property on behalf of the firm , transfer movable property belonging to the firm
Your Answer
acquire movable property on behalf of the firm , admit any liability in a suit or proceedings against the firm , withdraw a suit or proceeding filed on behalf of the firm

Multiple Choice Multiple Answer
Question
In the absence of usage or custom of trade to the contrary, the implied authority of a partner does not empower him to
Correct Answer
Acquire movable property on behalf of the firm , transfer movable property belonging to the firm
Your Answer
Acquire movable property on behalf of the firm , admit any liability in a suit or proceedings against the firm , transfer movable property belonging to the firm

Multiple Choice Multiple Answer
Question
Certain effects of the insolvency of a partner are as follows :-
Correct Answer
An insolvent partner ceases to be a partner , The partnership firm dissolve on the insolvency of any partner
Your Answer
An insolvent partner ceases to be a partner , The partnership firm dissolve on the insolvency of any partner , Firm is held liable for any acts of insolvent after the adjudication

Multiple Choice Multiple Answer
Question
Following are the agencies of a three tier system of consumer disputes redressal agencies :-
Correct Answer
State commission , National commission , District Forum
Your Answer
State commission , National commission , District Forum

Select The Blank
Question
In order to become a holder, a person must possess the instrument under some ________ title.
Correct Answer
Lawful
Your Answer
Lawful

True/False
Question
Unenforceable agreements and illegal agreements mean one and the same thing.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer Business Law | SCDL Business Law Assignments
Question
A private company can be registered with a paid-up capital of Rs. :-
Correct Answer
One lakh
Your Answer
One lakh

Select The Blank
Question
The ________ of 1986 is basically passed to protect the interest of the consumer.
Correct Answer
Consumer Protection Act
Your Answer
Consumer Protection Act

Multiple Choice Single Answer
Question
In case of a public limited company, the maximum number has no limit, but the minimum is fixed at :-
Correct Answer
7
Your Answer
7

Multiple Choice Multiple Answer
Question
A sale can be in case of :-
Correct Answer
Specific goods , Existing goods
Your Answer
Future goods , Existing goods , Contingent

True/False
Question
An agreement should be certain and unambiguous.
Correct Answer
True
Your Answer
True

True/False
Question
A trader is a middleman bringing the buyer and seller together and receiving any commission for services rendered by him.
Correct Answer
False
Your Answer
True

Select The Blank
Question
The Articles of Association controls ________ operations of the company.
Correct Answer
Internal
Your Answer
Internal

Multiple Choice Multiple Answer
Question
A person is deemed to be dominated the will of another if :-
Correct Answer
A real or apparent authority over them , He stands in a fiduciary relation to other
Your Answer
Some authority is held over the other party , A real or apparent authority over them , He stands in a fiduciary relation to other

Select The Blank
Question
Issued capital can be defined as the ________ of shares which are offered to the public for subscription.
Correct Answer
Nominal value
Your Answer
Nominal value

Select The Blank
Question
There are certain relations, which are not created by contracts but are upheld by law, which are known as ________ contracts.
Correct Answer
Quasi
Your Answer
Contingent

Multiple Choice Multiple Answer
Question
Following are the conditions needed to prove an act of a partner is an act of a partnership firm
Correct Answer
such a act be done in a ordinary course of a partnership firm , it must be related to the business of the firm , act must have been done in the name and on behalf of the firm
Your Answer
such a act be done in a ordinary course of a partnership firm , it must be related to the business of the firm , act must have been done in the name and on behalf of the firm

Select The Blank
Question
Every promise and every set of promises, forming the consideration for each other, is ________.
Correct Answer
An agreement
Your Answer
An agreement

Multiple Choice Single Answer
Question
In the Bill of Exchange, the person who is ordered to pay is called as :-
Correct Answer
Drawee
Your Answer
Drawee

Select The Blank Business Law | SCDL Business Law Assignments
Question
The essential point about an agent's position is his ________ of making his principal answerable to third parties.
Correct Answer
Authority
Your Answer
Consent

Multiple Choice Single Answer
Question
In contract of sale the buyer becomes :-
Correct Answer
Absolute owner of the property
Your Answer
Absolute owner of the property

Select The Blank
Question
An agreement of agency must make clear the ________ of a person to act on behalf of another person.
Correct Answer
Intention
Your Answer
Contract

Multiple Choice Single Answer
Question
During the war, all the members of a private company were killed while they were in general meeting in a bomb attack. The questions is whether the company will :-
Correct Answer
Survive
Your Answer
Survive

Business Law Set8

Business Law | SCDL Business Law Assignments





Select The Blank
Question
Holding out means ________ leading another person to believe in something.
Correct Answer
falsely
Your Answer
properly

True/False
Question
Directors of a private company need to file their consent with the registrar to act as director or sign an undertaking.
Correct Answer
False
Your Answer
True

Multiple Choice Multiple Answer Business Law | SCDL Business Law Assignments
Question
Following persons can not be called partners
Correct Answer
minors , insolvents , co-owners without the agreement to carry on the business
Your Answer
minors , insolvents , co-owners without the agreement to carry on the business

Multiple Choice Multiple Answer
Question
The memorandum of every company shall state
Correct Answer
The name of the company , The registered office , The main objects
Your Answer
The name of the company , The registered office , The main objects

Multiple Choice Multiple Answer
Question
In the absence of usage or custom of trade to the contrary, the implied authority of a partner does not empower him to
Correct Answer
Admit any liability in a suit or proceedings against the firm , Transfer movable property belonging to the firm , Withdraw a suit or proceeding filed on behalf of the firm
Your Answer
Acquire movable property on behalf of the firm , Transfer movable property belonging to the firm

True/False Business Law | SCDL Business Law Assignments
Question
Partnership is nothing but a psychological relationship existing between the partners.
Correct Answer
False
Your Answer
False

True/False
Question
Section 10 of the Indian Contract Act, 1872 applies to contract of sale.
Correct Answer
True
Your Answer
False

Multiple Choice Multiple Answer
Question
The companies having Articles are
Correct Answer
Unlimited Company , Company limited by guarantee , Company limited by shares
Your Answer
Public Limited Company , Company limited by guarantee

Multiple Choice Multiple Answer
Question
The very important stages in the connection of formation of a company are
Correct Answer
Promotion , Registration , Floatation
Your Answer
Promotion , Registration , Floatation

Multiple Choice Multiple Answer Business Law | SCDL Business Law Assignments
Question
Following are the conditions needed to prove an act of a partner is an act of a partnership firm
Correct Answer
such a act be done in a ordinary course of a partnership firm , it must be related to the business of the firm , act must have been done in the name and on behalf of the firm
Your Answer
such a act be done in a ordinary course of a partnership firm , it must be related to the business of the firm , act must have been done in the name and on behalf of the firm

Select The Blank Business Law | SCDL Business Law Assignments
Question
The registration fo partnership firm is ________.
Correct Answer
not compulsory
Your Answer
not compulsory

Multiple Choice Multiple Answer
Question
There was a contract for sale of goods. Delivery was to be given in october. Owing to a strike in the port of loading, the goods were not shipped until November. The buyers are entitled to
Correct Answer
Repudiate the contract , Recind the contract
Your Answer
Modify the contract

Multiple Choice Single Answer
Question
A proposes by a letter sent by post to sell a house to B at certain price, B accepts A's proposal - The communication of the acceptance is complete as against B.
Correct Answer
when letter is received by A
Your Answer
when letter is received by A

True/False Business Law | SCDL Business Law Assignments
Question
Copies of memorandum and articles shall not be given to members.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
Every company must have
Correct Answer
A Specific name
Your Answer
A Specific name

Multiple Choice Multiple Answer
Question
A company may, by special resolution, alter the provisions of its memorandum so as to change the objects of the company so far as may be required to enable it
Correct Answer
Carry on its business more economically , Amalgamate with any other company , Attain its main purpose by new or improved means
Your Answer
To amend conditions expressly provided in other Acts , Amalgamate with any other company , Attain its main purpose by new or improved means

Select The Blank
Question
Under ________ influence the dominant party may hold a real authority over the other party.
Correct Answer
undue
Your Answer
undue

Multiple Choice Single Answer Business Law | SCDL Business Law Assignments
Question
The capacity to contract with an agent is the part of the law of
Correct Answer
statute
Your Answer
agency

Select The Blank
Question
Karta of Joint-Hindu family is ________ of his family.
Correct Answer
representative
Your Answer
representative

Multiple Choice Single Answer
Question
A breach of a condition may be treated as breach of
Correct Answer
Warranty
Your Answer
Warranty

Multiple Choice Multiple Answer
Question
Following are the elements which constitute a partnership
Correct Answer
there must be a contract regarding a partnership , there must be an association of two or more persons
Your Answer
there must be a contract regarding a partnership , there must be an association of two or more persons

Multiple Choice Single Answer
Question
Mr. Manik appoints Mr. Naveen as his agent to sell the goods at Rs.10,000/- on his behalf. Mr. Naveen sells the goods for Rs.12,000/- who is liable to account for it to
Correct Answer
Mr. Naveen
Your Answer
Mr. Manik himself

Select The Blank
Question
The ________ of 1986 is basically passed to protect the interest of the consumer.
Correct Answer
Consumer Protection Act
Your Answer
Consumer Protection Act

Select The Blank
Question
A company is a ________ company if the holding company controls the majority composition of its board of directors.
Correct Answer
subsidiary
Your Answer
subsidiary

LIST OF ATTEMPTED QUESTIONS AND ANSWERS


True/False
Question Partnership is nothing but a psychological relationship existing between the partners.
Correct Answer False
Your Answer False


Multiple Choice Multiple Answer
Question Agent has duties towards principal in addition to :-
Correct Answer Conducting principal's business , Rendering accounts to principal , Communicating with the principal
Your Answer Conducting principal's business , Rendering accounts to principal , Communicating with the principal


Multiple Choice Single Answer
Question Partnership at will can be dissolved by any partner by :-
Correct Answer Giving due notice to that effect to all other partners
Your Answer Giving due notice to that effect to all other partners


Multiple Choice Single Answer
Question The registrar issues the letter of approval to approve the :-
Correct Answer Name of the company
Your Answer Name of the company


Select The Blank
Question If any ________ is present while forming the agency then the relationship of agency becomes contractual.
Correct Answer Consideration
Your Answer Consideration


Select The Blank
Question Future consideration is also known as ________ consideration.
Correct Answer Executory
Your Answer Foresee


Multiple Choice Multiple Answer
Question The Articles of Association contains the :-
Correct Answer Rules , Regulations , Bye-laws
Your Answer Rules , Regulations


True/False
Question The term business includes every lawful trade, occupation and profession.
Correct Answer True
Your Answer True


True/False
Question "I promise to pay Mr. Luies or Order Rs.1,500/-" is a promissory note.
Correct Answer True
Your Answer False


Select The Blank
Question The contract of agency between the principal and his agent is ________.
Correct Answer Enforceable
Your Answer Voidable


Multiple Choice Multiple Answer
Question According to Rule 3 of the Consumer protection rules, the Central Council consists of the following members :-
Correct Answer Minister in-charge of the department of home , Minister in-charge of department of Commerce and Industry , Minister in-charge consumer affairs in states
Your Answer Minister in-charge of department of Commerce and Industry , Minister in-charge of department of civil supplies , Minister in-charge consumer affairs in states


Select The Blank
Question Holding out means ________ leading another person to believe in something.
Correct Answer Falsely
Your Answer Properly


Select The Blank
Question Karta of Joint-Hindu family is ________ of his family.
Correct Answer Representative
Your Answer Owner


Multiple Choice Single Answer
Question For the formation of the contract of sale of goods, there should be :-
Correct Answer Two parties
Your Answer Two parties


True/False
Question Under ratification, principal need not exist at the time of ratifying the act of the agent.
Correct Answer False
Your Answer False


Select The Blank
Question A valid tender of performance should be ________.
Correct Answer Unconditional
Your Answer Unconditional


Multiple Choice Single Answer
Question A partner of a trading or non trading firm signs a Negotiable Instrument, liability incurs in :-
Correct Answer The name of the firm
Your Answer The name of the firm


Multiple Choice Multiple Answer
Question The communication of acceptance of an offer should be made to the :-
Correct Answer Offeror , Persons authorized by the offeror
Your Answer Offeror , Offeree , Persons authorized by the offeror


Multiple Choice Multiple Answer
Question Jurisdictions of the National Commission are :-
Correct Answer Monetary , Appellate , Supervisory and Revisional
Your Answer Appellate , Supervisory and Revisional , Monetary


Multiple Choice Single Answer
Question The goods, which are owned and possessed by the seller at the time of sale, are known as :-
Correct Answer Existing goods/Specific goods
Your Answer Existing goods/Specific goods


Select The Blank
Question The object of the Consumer Protection Act of 1986 is to educate the people so that they can find out ________ for their grievances
Correct Answer Legal remedies
Your Answer Legal remedies


Select The Blank
Question An agreement of agency must make clear the ________ of a person to act on behalf of another person.
Correct Answer Intention
Your Answer Contract


Select The Blank
Question The presumptions laid by Sec.118 & 119 of Negotiable Instrument Act do not arise where negotiable instrument is obtained by ________.
Correct Answer Fraud/Deceit
Your Answer Lawful Considerations


Match The Following
Question Correct Answer Your Answer
A company having control over a subsidiary company Holding company Articles of Association
Constitution and objects of the company Memorandum Existing company
Govern the internal affairs of the company Articles of Association Memorandum
Document includes any notice, circulation, advertisement etc. Prospectus Prospectus


Select The Blank
Question Dissolution of partnership involves a change in ________ of partners.
Correct Answer Relationship
Your Answer Relationship


Multiple Choice Multiple Answer
Question According to the Consumer Protection Act, 1986, a person includes :-
Correct Answer Hindu undivided family , Co-operative society , Individual as well as juristic person
Your Answer Hindu undivided family , Co-operative society


Multiple Choice Single Answer
Question The law relating to sale of movable goods is contained in the :-
Correct Answer The Sale of Goods Act, 1930
Your Answer The Sale of Goods Act, 1930


True/False
Question The Registrar shall register the altered memorandum and certify the registration under his hand within one month from the date of filing such documents.
Correct Answer True
Your Answer True


Multiple Choice Multiple Answer
Question Following are the essentials of valid acceptance :-
Correct Answer Acceptance must be qualified , Acceptance must be communicated to the offeror
Your Answer Acceptance can precede an offer , Acceptance can be communicated at any time


True/False
Question Minor do not have the right of access to and to inspect and copy any of the books of the firm.
Correct Answer True
Your Answer True


Multiple Choice Multiple Answer
Question Coercion means and includes :-
Correct Answer Any act forbidden by the Indian Penal Code , Any threatening to commit illegal act
Your Answer Any act forbidden by the Indian Penal Code , Any threatening to commit illegal act , Act forbidden by any law


Multiple Choice Multiple Answer
Question An unregistered firm can bring an action in criminal court against :-
Correct Answer A partner who steals the property of the partnership firm , A partner who purposely damages the property of the partnership firm
Your Answer A partner who steals the property of the partnership firm , A partner who wrongful deals with the assets of the firm , A partner who uses the firm name for gaining personal profits


True/False
Question Express or implied authority is conferred on the agent by the principal.
Correct Answer True
Your Answer True


Match The Following
Question Correct Answer Your Answer
Complaint of Consumer Any allegation in writing Complaint of criminal
Trade in relation to any goods Who distributes goods Who distributes goods
Manufacturer Who makes any goods Who makes any goods
Consumer Dispute Dispute between consumer and manufacturer or trader Dispute between consumer and manufacturer or trader


Multiple Choice Single Answer
Question Sometimes contracts are entered into on behalf of the company before its incorporation, such pre-incorporation contracts are :-
Correct Answer Binding
Your Answer Entered


Multiple Choice Multiple Answer
Question Promissory note must be in :-
Correct Answer In writing , Definite , Unconditional
Your Answer In writing , Definite , Uncertain


Multiple Choice Single Answer
Question Which of the following is not a mode of revocation of proposal ?
Correct Answer By promoting the contract
Your Answer By acceptor going bankrupt


Multiple Choice Multiple Answer
Question The order of the Commission can be set aside by :-
Correct Answer The Supreme Court , The National Commission
Your Answer State Council District Forum , Central Council


Multiple Choice Single Answer
Question Merely by reasons of any defect in the constitution of the council, no proceedings of the central council shall be :-
Correct Answer Invalid
Your Answer Valid


Multiple Choice Single Answer
Question The holder of the Negotiable Instrument has a right to sue in his :-
Correct Answer Own name
Your Answer Own name


True/False
Question The Holder in due course has the right to sue on the Negotiable Instrument in his own name for recovering the amount.
Correct Answer True
Your Answer True