Business Law - A05

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

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 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

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 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 ,

There must be an association of two or more persons

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

Select The Blank

Question A ________ partner is like an undisclosed principal.

Correct Answer sleeping

Your Answer sleeping

Select The Blank

Question According to Prof. Hanney, "Partnership is the relating

existing between persons competent to make contracts who agree to carry on

a ________"

Correct Answer Lawful business is common with a view to private gain

Your Answer Legal business is common with a view to private gain

True/False

Question An alien friend can enter into partnership with an

Indian subject.

Correct Answer True

Your Answer True

Select The Blank

Question Partnership firm can be dissolved by the order of ________

Correct Answer court

Your Answer court

Select The Blank

Question A minor, who is admitted to the benefits of partnership,

must give a public notice within ________ months.

Correct Answer six

Your Answer five

Multiple Choice Multiple Answer

Question Under section 144, mode of service of summons are

Correct Answer by speed post , by courier services , by concerned police

station

Your Answer by speed post , by courier services , by concerned police

station

True/False

Question "I promise to pay Mr.John Rs.500/- seven days after my

marriage with Miss Lucy" is a promissory note.

Correct Answer False

Your Answer True

Multiple Choice Single Answer

Question Which of the following is the essential element of the

contract ?

Correct Answer free consent

Your Answer coercion

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

Select The Blank

Question Mistake regarding the ________ or the terms and

conditions of the contract is a Mistake of the fact.

Correct Answer subject matter

Your Answer validity

Multiple Choice Single Answer

Question A factor has a general

Correct Answer lien on the goods of his principal

Your Answer control on the goods of his principal

Multiple Choice Multiple Answer

Question Goods Means

Correct Answer Debentures , Stocks & shares

Your Answer Debentures , Stocks & shares , Money

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 Contingent goods are a type of

Correct Answer Future goods

Your Answer Ascertained goods

Multiple Choice Single Answer

Question A hire -purchase agrement is

Correct Answer Contract

Your Answer Contract

Multiple Choice Single Answer

Question Following is an implied condition

Correct Answer Condition as to title

Your Answer Condition as to good faith

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 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 , Holding of the goods ,Delivery of goods

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 Existing may be further classified as

Correct Answer Specific goods

Your Answer Specific goods

Multiple Choice Single Answer

Question The unpaid seller has a

Correct Answer right against the goods

Your Answer right against the goods

Multiple Choice Single Answer

Question Where the property in goods has not been transferred,

the unpaid seller has the

Correct Answer right of stop the goods in transit

Your Answer right of stop the goods in transit

True/False

Question In a contract of sale goods can be exchanged for goods.

Correct Answer False

Your Answer True

Multiple Choice Multiple Answer

Question Following are the types of jurisdiction, which have been

conferred on the State Commission

Correct Answer Appellate , Supervisory , Revisional

Your Answer Appellate , Supervisory , Pecuniary

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 The Supreme Court , The National Commission

Select The Blank

Question Spurious goods means goods which are ________

Correct Answer fake

Your Answer fake

Match The Following

Question Correct Answer Your Answer

Consumer Council Quasi-Judicial bodies Quasi-Judicial bodies

Quasi-judicial bodies of consumer council Observe principles of natural

justice Legal body

ConsumerBuys goods for any consideration Buys goods for any

consideration

Consumer Protection Act, 1986 Protect the rights of the consumer

Protect the rights of the consumer

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 , Holding company

Multiple Choice Multiple Answer

Question A Company shall, on being so required by a member,

send to him a copy of following documents

Correct Answer The Memorandum , The articles , Every other agreement

Your Answer The Memorandum , The articles , Every other agreement

Multiple Choice Multiple Answer

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 Prospectus can be, any notice , Issued to invite the

subscription to shares

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.Whether the

company will

Correct Answer Survive

Your Answer Survive

Multiple Choice Single Answer

Question Where the liability of the shareholders of a company is

limited to the extent of the unpaid amount on the shares held by them, the

company is known as a company

Correct Answer Limited by shares

Your Answer Limited company

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 False

True/False

Question Subsidiary company can hold shares and can acquire

membership of the holding company.

Correct Answer False

Your Answer False

Select The Blank

Question When the certificate of incorporation is obtained, the

promoters and directors of a ________ company invite the public to

subscribe to its shares.

Correct Answer public

Your Answer public

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

True/False

Question The membership of the association of company shall

cease on the dissolution of the firm.

Correct Answer True

Your Answer True

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 False

True/False

Question Legal controls, restrictions on public companies are

more and strict.

Correct Answer True

Your Answer False

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 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

Match The Following

Question Correct Answer Your Answer

The memorandum of association of a company shall be in forms

Table B, C, D and E in schedule 1 Table X and Y in schedule 1

Change of the place of company's registration office from one state to another

Alteration of Memorandum Change of place of registered office outside a

state

Auditors Report Accounts of the company Accounts of the company

Confirmation by the Regional Director Change of place of registered office

within a state Alteration of Memorandum

Multiple Choice Multiple Answer

Question A Consumer has the following rights

Correct Answer To get the education of the availability of legal remedies ,

Seek redressal against unfair trade practices , To be informed about quality,

quantity, potency, purity, standard and price of goods

Your Answer To get the education of the availability of legal remedies , Seek

redressal against unfair trade practices , To be informed about quality,

quantity, potency, purity, standard and price of goods

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 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 Partnership business carried on continuous losses, the court may

order to ________ the firm.

Correct Answer dissolve

Your Answer dissolve

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 An insolvent person can accept or endorse a bill.

Correct Answer False

Your Answer False

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

Select The Blank

Question A valid tender of performance should be ________

Correct Answer unconditional

Your Answer unconditional

Multiple Choice Single Answer

Question The feature of the Contingent Contracts is that they

Correct Answer depend upon the circumstances, which makes them valid or void

Your Answer depend upon the circumstances, which makes them valid or void

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 atWill Can be formed atWill

Multiple Choice Multiple Answer

Question Agent has duties towards principal including 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

True/False

Question Companies can be registered with undesirable names.

Correct Answer False

Your Answer False

Multiple Choice Single Answer

Question A contract with a pardanashin woman can be presumed to have

been induced by

Correct Answer undue influence

Your Answer undue influence

Multiple Choice Single Answer

Question After the period of time is lapsed, the right to bring an action is

barred under the

Correct Answer Limitation Act

Your Answer Indian Contract Act

Multiple Choice Single Answer

Question The capacity to contract with an agent is the part of the law of

Correct Answer statute

Your Answer agency

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 insolvents , co-onwers with the agreement to carry on the

business , co-owners without the agreement to carry on the business

Select The Blank

Question A firm is a name given to the partners ________

Correct Answer collectively

Your Answer collectively

Multiple Choice Single Answer

Question The partnership deed is required to drafted very carefully and to

be signed by

Correct Answer all the partners

Your Answer all the partners

Multiple Choice Single Answer

Question A cheque is dishonoured by

Correct Answer non payment only

Your Answer non payment only

Multiple Choice Multiple Answer

Question A company is

Correct Answer A company is , An artificial legal person , A separate legal

entity

Your Answer An artificial legal person , A separate legal entity

Select The Blank

Question Section 13 of the Negotiable Instrument Act gives ________ of

Negotiable Instrument.

Correct Answer meaning

Your Answer meaning

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

Multiple Choice Single Answer

Question "An agreement creating and defining the obligations between the

parties is a contract", This was stated by

Correct Answer Sir John Salmond

Your Answer Sir John Salmond

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 wrongfully deals with the assets 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

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 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

Multiple Choice Single Answer

Question Misrepresentation means and includes

Correct Answer positive assertion of that which is not true

Your Answer positive assertion of that which is not true

Multiple Choice Single Answer

Question Consumer Dispute Redressal Forum is a District Forum

established by

Correct Answer the State Govt. in each District of the State by Notification

Your Answer the State Govt. in each District of the State by Notification

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 Multiple Answer

Question In a sale if the seller becomes insolvent after a contract of sale and

the buyer has paid the price, the buyer can claim the goods from the

Correct Answer Official Assignee , Receiver

Your Answer Official Assignee , Receiver

Multiple Choice Single Answer

Question A finder of goods is subject to the responsibility as a

Correct Answer bailee

Your Answer bailee

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 True

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

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 Single Answer

Question A sale which is a public sale where various buyers try to buy the

goods by outbidding each other is known as

Correct Answer Auction sale

Your Answer Auction sale

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 False

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

Question The ________ of 1986 is basically passed to protect the interest of the consumer.

Correct Answer Consumer Protection Act

Your Answer Consumer Protection Act

True/False

Question When agents delegate their authority to another for a particular period for a particular task, they appoint substituted agents.

Correct Answer True

Your Answer False

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 , The preamble

Select The Blank

Question The Articles of Association controls ________ operations of the company.

Correct Answer internal

Your Answer internal

True/False

Question Subsidiary company can hold shares and can acquire membership of the holding company.

Correct Answer False

Your Answer True

True/False

Question The company cannot exceed the powers conferred on it by its

memorandum

Correct Answer True

Your Answer True

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

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 A ________ is an artificial person and has a legal entity.

Correct Answer Company

Your Answer Company

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Multiple Answer

Question A Consumer has the following rights

Correct Answer To get the education of the availability of legal remedies ,

Seek redressal against unfair trade practices , To be informed about quality,

quantity, potency, purity, standard and price of goods

Your Answer To get the education of the availability of legal remedies , Seek

redressal against unfair trade practices , To be informed about quality,

quantity, potency, purity, standard and price of goods

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 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 Partnership business carried on continuous losses, the court may order to ________ the firm.

Correct Answer dissolve

Your Answer dissolve

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 An insolvent person can accept or endorse a bill.

Correct Answer False

Your Answer False

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

Select The Blank

Question A valid tender of performance should be ________

Correct Answer unconditional

Your Answer unconditional

Multiple Choice Single Answer

Question The feature of the Contingent Contracts is that they

Correct Answer depend upon the circumstances, which makes them valid or void

Your Answer depend upon the circumstances, which makes them valid or void

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 atWill Can be formed atWill

Multiple Choice Multiple Answer

Question Agent has duties towards principal including 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

True/False

Question Companies can be registered with undesirable names.

Correct Answer False

Your Answer False

Multiple Choice Single Answer

Question A contract with a pardanashin woman can be presumed to have

been induced by

Correct Answer undue influence

Your Answer undue influence

Multiple Choice Single Answer

Question After the period of time is lapsed, the right to bring an action is

barred under the

Correct Answer Limitation Act

Your Answer Indian Contract Act

Multiple Choice Single Answer

Question The capacity to contract with an agent is the part of the law of

Correct Answer statute

Your Answer agency

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 insolvents , co-onwers with the agreement to carry on the

business , co-owners without the agreement to carry on the business

Select The Blank

Question A firm is a name given to the partners ________

Correct Answer collectively

Your Answer collectively

Multiple Choice Single Answer

Question The partnership deed is required to drafted very carefully and to

be signed by

Correct Answer all the partners

Your Answer all the partners

Multiple Choice Single Answer

Question A cheque is dishonoured by

Correct Answer non payment only

Your Answer non payment only

Multiple Choice Multiple Answer

Question A company is

Correct Answer A company is , An artificial legal person , A separate legal

entity

Your Answer An artificial legal person , A separate legal entity

Select The Blank

Question Section 13 of the Negotiable Instrument Act gives ________ of

Negotiable Instrument.

Correct Answer meaning

Your Answer meaning

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

Multiple Choice Single Answer

Question "An agreement creating and defining the obligations between the

parties is a contract", This was stated by

Correct Answer Sir John Salmond

Your Answer Sir John Salmond

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 wrongfully deals with the assets 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

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 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

Multiple Choice Single Answer

Question Misrepresentation means and includes

Correct Answer positive assertion of that which is not true

Your Answer positive assertion of that which is not true

Multiple Choice Single Answer

Question Consumer Dispute Redressal Forum is a District Forum

established by

Correct Answer the State Govt. in each District of the State by Notification

Your Answer the State Govt. in each District of the State by Notification

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 Multiple Answer

Question In a sale if the seller becomes insolvent after a contract of sale and

the buyer has paid the price, the buyer can claim the goods from the

Correct Answer Official Assignee , Receiver

Your Answer Official Assignee , Receiver

Multiple Choice Single Answer

Question A finder of goods is subject to the responsibility as a

Correct Answer bailee

Your Answer bailee

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 True

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

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 Single Answer

Question A sale which is a public sale where various buyers try to buy the

goods by outbidding each other is known as

Correct Answer Auction sale

Your Answer Auction sale

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 False

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

Question The ________ of 1986 is basically passed to protect the interest of

the consumer.

Correct Answer Consumer Protection Act

Your Answer Consumer Protection Act

True/False

Question When agents delegate their authority to another for a particular

period for a particular task, they appoint substituted agents.

Correct Answer True

Your Answer False

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 , The preamble

Select The Blank

Question The Articles of Association controls ________ operations of the

company.

Correct Answer internal

Your Answer internal

True/False

Question Subsidiary company can hold shares and can acquire membership

of the holding company.

Correct Answer False

Your Answer True

True/False

Question The company cannot exceed the powers conferred on it by its

memorandum

Correct Answer True

Your Answer True

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

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 A ________ is an artificial person and has a legal entity.

Correct Answer Company

Your Answer Company