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