Top of Form
Multiple Choice Multiple Answer
Question / Following agreements are opposed to public policy
Correct Answer / agreements interfering with an administration of justice , agreement to commit crime
Your Answer / agreement to commit crime , agreements interfering with an administration of justice
Select The Blank
Question / A Company subject to the provisions of section 32 of the companies act as unlimited may register under this Act as a ______
Correct Answer / Limited company
Your Answer
Multiple Choice Multiple Answer
Question / Limited companies can be formed for promoting
Correct Answer / Commerce , Art , Religion
Your Answer / Commerce , Art , Religion
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 Choluetext' nowrap='true' colspan='2'>True/False
Question / Subsidiary company can hold shares and can acquire membership of the holding company.
Correct Answer / False
Your Answer / False
True/Faice Single Answer
Question / Consideration or object of an agreement is lawful unless it is
Correct Answer / forbidden by law
Your Answer / forbidden by law
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
Match The Following
Question / Correct Answer / Your Answer
Confirmation by the company law board / Change of the registered office from one state to another / Change of the registered office from one state to another
A certificate of incorporation given by the registrar / Conclusive evidence / Formal evidence
The period of three consecutive financial years / Relevant period / Relevant period
The aggregate value of the realization made from the sale / Turnover / Turnover
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
True/False
Question / Special agent and Particular agent mean one and the same thing.
Correct Answer / True
Your Answer / False
Multiple Choice Multiple Answer
Question / A cheque can be
Correct Answer / Bearer , Order , Crossed
Your Answer / Bearer , Order , Crossed
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 formation , The objectives
Multiple Choice Multiple Answer
Question / Question / Promissory Note must be signed by
Correct Answer / the maker
Your Answer / the maker
True/False
Question / The Prospectus is
Correct Answer / A document raising share capital , A Prospectus can be, any notice , Issued to invite the subscription to shares
Your Answer / A document raising share capital , A Prospectus can be, any notice , Issued to invite the subscription to shares
Multiple Choice Single Answer
Company is treated as a legal person distinct from its members.
Correct Answer / True
Your Answer / True
Select The Blank
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 / 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
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
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
Select The Blank
Question / There should be a ______and real necessity for creating an agency.
Correct Answer / definite
Your Answer / definite
Match The Following
Question / Correct Answer / Your Answer
Constitution and objects of the company / Memorandum / Prospectus
Govern the internal affairs of the company / Articles of Association / Memorandum
Document includes any notice, circulation, advertisement etc. / Prospectus / Notice
A company having control over a subsidiary company / Holding company / Holding company
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 / Alteration of memorandum or articles etc. to be noted in every copy.
Correct Answer / True
Your Answer / False
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
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
True/False
Question / District Forum enjoys Revisional jurisdiction.
Correct Answer / False
Your Answer / False
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
Multiple Choice Multiple Answer
Question / Following are the essential elements of fraud
Correct Answer / a false representation , intention to deceive and it must have done before the conclusion of the contract
Your Answer / a false representation , intention to deceive and it must have done before the conclusion of the contract
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 firm is a name given to the partners ______
Correct Answer / collectively
Your Answer / collectively
Multiple Choice Single Answer
Question / A partner unknown to the world is a
Correct Answer / Dormant
Your Answer / Dormant
True/False
Question / A Bill of Exchange can be crossed.
Correct Answer / False
Correct Answer / The Sale of Goods Act, 1930
Your Answer / The Sale of Goods Act, 1930
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 / The holder or Negotiable Instrument has a right to sue in his
Correct Answer / own name
Your Answer / own name
Multiple Choice Single Answer
Question / In case of a public limited company, the maximum number is no limit, but the minimum is fixed at
Correct Answer / 7
Your Answer / 7
True/False
Question / Any user of the goods with the approval of the person who has purchased the goods for consideration is also a consumer.
Correct Answer / True
Your Answer / True
Multiple Choice Multiple Answer
Question / There are certain limitations to the principle of ratification which are
Correct Answer / where the principal does not have full knowledge at the fact , where the act to be ratified is illegal or void , where the ratification is not done within a reasonable time
Your Answer / where the principal does not have full knowledge at the fact , where the act to be ratified is illegal or void , where the ratification is not done within a reasonable time
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
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 / True
True/False
Question / The subscriber of the memorandum of a company on its registration shall be entered in its register of members as member.
Correct Answer / True
Your Answer / True
Multiple Choice Multiple Answer
Question / Goods Means
Correct Answer / Debentures , Stocks & shares
Your Answer / Debentures , Stocks & shares
Multiple Choice Single Answer
Question / The law relating to sale ofop' class='bluetext' height='30' bgcolor='#CDE9EF' class='bluetext' nowrap='true'>Your Answer / subsidiary
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 / A consumer need not be an individual but it also includes
Correct Answer / A juristic person
Your Answer / A juristic person
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
True/False
Question / A company may alter the provisions of its memorandum so as to change the place of registered office from one state to another foreign country.
Correct Answer / False
Your Answer / False
Bottom of Form
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 Delivery of goods , Transfer of property in goods , The passing of the risk
Select The Blank
Question A club or a society is an ______of persons
Correct Answer association
Your Answer association
Select The Blank
Question A misrepresentation may be committed by causing a mistake ______
Correct Answer innocently
Your Answer intentionally
Multiple Choice Single Answer
Question The goods, which are identified and agreed upon at the time of a contract of sale, are known as
Correct Answer Specific goods
Your Answer Specific goods
Multiple Choice Single Answer
Question the authority of the agent as it appears to others is called as
Correct Answer apparent authority
Your Answer apparent authority
Multiple Choice Single Answer
Question The essence of contract of sale is
Correct Answer sale of goods
Your Answer sale of goods
Multiple Choice Single Answer
Question Every company must have
Correct Answer A Specific name
Your Answer A Specific name
Multiple Choice Single Answer
Question The Negotiable Instrument Act is latest ammended in the year
Correct Answer 2002
Your Answer 2002
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
Select The Blank
Question A Company subject to the provisions of section 32 of the companies act as unlimited may register under this Act as a ______
Correct Answer Limited company
Your Answer Limited company
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 The subscriber of the memorandum of a company on its registration shall be entered in its register of members as member.
Correct Answer True
Your Answer True
True/False
Question Power of attorney is an example of express authority.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Promissory note must be in
Correct Answer in writing , definite , unconditional
Your Answer in writing , definite , unconditional
True/False
Question In formal contracts consideration is not required.
Correct Answer True
Your Answer False
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 Fraud/Deceit
True/False
Question Crossing of Cheques secures payment.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Goods Means
Correct Answer Debentures , Stocks & shares
Your Answer Debentures , Stocks & shares
Match The Following
Question Correct Answer Your Answer
Threatning to commit Coercion Coercion
Consideration Past, Present and Future Past, Present and Future
Mistake Fact and Law Fact and Law
Minor's Agreement Void ab initio Void ab initio
Match The Following
Question Correct Answer Your Answer
A stranger represents himself to be a partner Partner by holding out Partner by holding out
Not personally liable for any act of firm Minor Minor
Outgoing partner ceases to be a partner By transfer of interest of a partner By transfer of interest of a partner
Dissolution of partnership firm by the order of the court Misconduct of a partner Misconduct of a partner
True/False
Question When a person leaves country for a long time, he may appoint his son, wife or friend as his universal agent.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question Following is an implied condition
Correct Answer Condition as to title
Your Answer Condition as to death or insanity
Select The Blank
Question Agents are ______to act within the scope of the authority given.
Correct Answer authorised
Your Answer authorised
Multiple Choice Single Answer
Question In the category of Negotiable Instruments which of the following is included
Correct Answer railway or S.T. receipt
Your Answer railway or S.T. receipt
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 excess value
True/False
Question Convicts are disqualified from contracting by the law to which they are subject.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Following are the general agents -
Correct Answer A manager of a branch office , Managing Director of a company , Commission agent
Your Answer A manager of a branch office , Managing Director of a company , Commission agent
Multiple Choice Single Answer
Question In a sale if the seller becomes insolvent after a contract of sale & the buyer has paid the price, the buyer can claim the goods from the official
Correct Answer Assignee
Your Answer Assignee
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 Partner who DOES NOT share the profits of the firm is
Correct Answer Nominal partner
Your Answer Nominal partner
True/False
Question A company is created by law and not by natural birth.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question A company can sue and also be sued by
Correct Answer In its corporate name
Your Answer Any third person
Multiple Choice Multiple Answer
Question No company shall be registered by name which has a name which is identical with
Correct Answer The name by which a company is in existence , A registered trade mark , A trade mark which is subject of an application for registration
Your Answer The name by which a company is in existence , A registered trade mark , A partnership firm
Multiple Choice Single Answer
Question Private company can commence its business immediately after receiving the certificate of
Correct Answer Incorporation
Your Answer Incorporation
Multiple Choice Multiple Answer
Question A proposal
Correct Answer may be revoked at any time , may be revoked before the communication of acceptance is complete , should be complete against the proposer
Your Answer may be revoked before the communication of acceptance is complete , should be complete against the proposee
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 Company subject to the provisions of section 32 of the companies act as unlimited may register under this Act as a ______
Correct Answer Limited company
Your Answer Limited company
Multiple Choice Multiple Answer
Question Following are the element 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
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 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 Buyer
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 Multiple Answer