Business Law Set7

Business Law | SCDL Business Law Assignments





Multiple Choice Multiple Answer
Question
The maker, acceptor or endorser respectively of a negotiable instrument is discharged from liability thereon by
Correct Answer
release , payment , non cancellation
Your Answer
non-acceptance , release , payment

Multiple Choice Single Answer
Question
The National Commission shall decide the complaint as far as possible within a period of
Correct Answer
three months from the date of notice received by the opposite party
Your Answer
three months from the date of notice received by the opposite party

Select The Blank Business Law | SCDL Business Law Assignments
Question
When the ________ of a bill is ‘for collection only’ the endorsee cannot be a ________
Correct Answer
Endorsement
Your Answer
Endorsement
Correct Answer
holder
Your Answer
holder

Select The Blank
Question
Un-called capital is the part of ________ and ________ capital which has not been called up.
Correct Answer
issued
Your Answer
issued
Correct Answer
subscribed
Your Answer
subscribed

True/False Business Law | SCDL Business Law Assignments
Question
Special Notice and Special Resolution mean one and the same.
Correct Answer
False
Your Answer
True

Select The Blank
Question
________ Trade Practice is a trade practice which for the purpose of promoting a sale, use or supply of any goods or for the provision of any service adopts any ________ practice.
Correct Answer
unfair
Your Answer
unfair
Correct Answer
deceptive
Your Answer
deceptive

True/False
Question
Consumer is a person who procures service under a contract of personal service
Correct Answer
False
Your Answer
True

Multiple Choice Multiple Answer Business Law | SCDL Business Law Assignments
Question
Property of the company is the property of
Correct Answer
Promoters before the existence of the company , the company itself after its incorporation
Your Answer
its share-holders , Board of Directors , Promoters before the existence of the company

True/False
Question
English Law does not recognize Formal Contract
Correct Answer
False
Your Answer
False

Select The Blank
Question
Reserved capital is the part of ________ capital which can only be called up at the time of & for the purpose of ________ the company
Correct Answer
uncalled
Your Answer
uncalled
Correct Answer
winding up
Your Answer
winding up

True/False Business Law | SCDL Business Law Assignments
Question
The partners need not sign the partnership deed.
Correct Answer
False
Your Answer
False

Select The Blank
Question
When the person to whom the proposal is made ________ his assent thereto, the proposal is said to be ________
Correct Answer
Signifies
Your Answer
Accepted
Correct Answer
Accepted
Your Answer
Declared

Multiple Choice Multiple Answer
Question
Goods includes
Correct Answer
trade marks , good will
Your Answer
actionable claims , money

Multiple Choice Multiple Answer Business Law | SCDL Business Law Assignments
Question
Characteristics Articles of Association are
Correct Answer
it contains rule for the internal management of the affairs of the company , it is subordinate to the Memorandum of Association
Your Answer
contains objectives for which the company is established , it contains rule for the internal management of the affairs of the company , it is subordinate to the Memorandum of Association

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

Select The Blank
Question
________ is an invitation made to the ________
Correct Answer
Prospectus
Your Answer
Prospectus
Correct Answer
public
Your Answer
public

Multiple Choice Single Answer
Question
A factor is a type of
Correct Answer
Mercantile Agent
Your Answer
Mercantile Agent

True/False
Question
Agents acting jointly and severally are known as co-agents
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer Business Law | SCDL Business Law Assignments
Question
Enforcement of contingent contract depends on
Correct Answer
Happening or Non-happening of the event
Your Answer
Happening of the event

Multiple Choice Single Answer
Question
In a sale, if the buyer becomes insolvent before he pays the price of the goods purchased, the person who can claim the delivery of the goods as the property in goods has been already transferred as a
Correct Answer
official assignee or receiver
Your Answer
official assignee or receiver

Select The Blank
Question
When the ________ of contract becomes ________ , such contract need not be performed
Correct Answer
performance
Your Answer
cancellation
Correct Answer
impossible
Your Answer
possible

True/False
Question
A Cheque can be bearer, Order or crossed
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Following is an implied condition.
Correct Answer
Condition as to sale by sample
Your Answer
Condition as to sale by sample

Multiple Choice Single Answer Business Law | SCDL Business Law Assignments
Question
Dissolution by voluntary act of the partners, which includes
Correct Answer
dissolution by agreement
Your Answer
dissolution by agreement
LIST OF ATTEMPTED QUESTIONS AND ANSWERS



Multiple Choice Single Answer
Question
Memorandum of a public company must be signed by
Correct Answer
Seven persons
Your Answer
Seven persons

Match The Following
Question
Correct Answer
Your Answer
Unascertained goods
Generic goods
Generic goods
Unpaid seller
Right of lien on goods
Right of lien on goods
Future goods
Agreement to sell
Agreement to sell
Identified goods
Ascertained goods
Ascertained goods

Match The Following
Question
Correct Answer
Your Answer
Fact and Law
The types of "Mistake"
The types of "Mistake"
An order of the court asking a person to do or abstain from doing a particular act, which is the subject matter of the contract
Injuction Order
Injuction Order
The Indian Contract Act, 1872 applies to whole of India except the state of Jammu and Kashmir
Applicability
Sector 63
An agreement enforceable by law
Contract
Contract

Select The Blank Business Law | SCDL Business Law Assignments
Question
Members of a club or a society are the ________ of each other.
Correct Answer
friends
Your Answer
representatives

True/False
Question
There are two types or kinds of capital of a company, i.e. owned capital and borrowed capital.
Correct Answer
True
Your Answer
True

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

Multiple Choice Multiple Answer
Question
Consent is free when it is not caused by
Correct Answer
Undue influence , Fraud , Mistake
Your Answer
Compulsion , Undue influence , Fraud

Select The Blank
Question
A proposal comes to an end by its ________.
Correct Answer
rejection
Your Answer
acceptance

Multiple Choice Single Answer Business Law | SCDL Business Law Assignments
Question
In an agreement to sell the seller is responsible for all the risk of loss as he is the
Correct Answer
Owner
Your Answer
Owner

Multiple Choice Multiple Answer
Question
The modes of termination of agency are
Correct Answer
By completion of the agency business , By death of principal , By expiry of period or time
Your Answer
By completion of the agency business , By death of principal , By expiry of period or time

Multiple Choice Multiple Answer
Question
Fraud means and includes following act -
Correct Answer
promise to deceive other party , promise without intending to perform
Your Answer
promise to deceive other party , concealing a fact believing to be untrue , promise without intending to perform

Multiple Choice Multiple Answer
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
The company law board confirms the change of registered office of the company within a state
Correct Answer
False
Your Answer
True

Multiple Choice Multiple Answer
Question
Articles of Association contains
Correct Answer
Regulations of the company , Internal affairs of the company , Conduct of company's business
Your Answer
Internal affairs of the company , Conduct of company's business

Select The Blank Business Law | SCDL Business Law Assignments
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 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 wrongful deals with the assets of the firm , A partner who uses the firm name for gaining personal profits

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

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 , transfer movable property belonging to the firm

Multiple Choice Single Answer
Question
Where the transfer of property in the goods is to take place at a future time it is called
Correct Answer
Agreement to sell
Your Answer
Agreement to sell

Multiple Choice Single Answer
Question
A consumer has the right to be assured, wherever possible, access to services at
Correct Answer
Competitive prices
Your Answer
Competitive prices

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

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
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 , transfer movable property belonging to the firm