Business Law - 1 LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Select The Blank Question Partnershi is !ase" on ########$ %orrect Ans&er Faith 'our Ans&er Faith Select The Blank Question A %o( an) su!*ect to the ro+isions o, section -. o, the co( anies act as unli(ite" (a) re/ister un"er this Act as a ########$ %orrect Ans&er Li(ite" co( an) 'our Ans&er Li(ite" co( an) Multi le %hoice Multi le Ans&er Question %o( laint un"er the %onsu(er Protection Act0 1234 relates to 56 %orrect Ans&er Un,air Tra"e Practices 0 Restricti+e Tra"e Practices 0 %har/in/ o, hi/her rices 'our Ans&er Un,air Tra"e Practices 0 Restricti+e Tra"e Practices 0 %har/in/ o, hi/her rices Multi le %hoice Sin/le Ans&er Question The (onetar) *uris"iction is !ase" u on the 56 %orrect Ans&er A(ount o, relie, clai(e" !) the co( lainant 'our Ans&er The +alue o, /oo"s or ser+ices Select The Blank Question Un ai" seller7s Ri/ht to sto the /oo"s in transit arises onl) &hen the !u)er is ######## %orrect Ans&er Bankru t 'our Ans&er Bankru t Select The Blank Question S ecial resolution an" con,ir(ation !) ######## is re8uire" ,or alteration o, Me(oran"u($ %orrect Ans&er %o( an) La& Boar" 'our Ans&er %o( an) La& Boar" Multi le %hoice Multi le Ans&er

Question Accor"in/ to the %onsu(er Protection Act0 12340 a erson inclu"es 56 %orrect Ans&er 9in"u un"i+i"e" ,a(il) 0 %o6o erati+e societ) 0 In"i+i"ual as &ell as *uristic erson 'our Ans&er 9in"u un"i+i"e" ,a(il) 0 %o6o erati+e societ) 0 In"i+i"ual as &ell as *uristic erson Multi le %hoice Sin/le Ans&er Question %o( an) !ase" on o&nershi is 56 %orrect Ans&er Pu!lic co( an) 'our Ans&er Pu!lic co( an) Multi le %hoice Sin/le Ans&er Question The National %o((ission has the o&er to entertain a %orrect Ans&er State %o((ission 'our Ans&er State %o((ission

eals a/ainst the or"ers o, an) 56

Multi le %hoice Sin/le Ans&er Question Non6re/istration o, a artnershi ,ir( "oes not (ake the artnershi a/ree(ent 56 %orrect Ans&er :oi" 'our Ans&er Le/al Multi le %hoice Multi le Ans&er Question A/ent has "uties to&ar"s rinci al in a""ition to 56 %orrect Ans&er %on"uctin/ rinci al7s !usiness 0 Ren"erin/ accounts to rinci al 0 %o((unicatin/ &ith the rinci al 'our Ans&er %on"uctin/ rinci al7s !usiness 0 Ren"erin/ accounts to rinci al 0 %o((unicatin/ &ith the rinci al Multi le %hoice Sin/le Ans&er Question In the Bill o, E;chan/e0 the erson to &ho( the !ill is (a"e a)a!le is calle" as 56 %orrect Ans&er Pa)ee 'our Ans&er Pa)ee Multi le %hoice Sin/le Ans&er Question Where the artners a/ree to carr) on the !usiness ,or a "e,inite erio" o, ti(e0 the artnershi is sai" to !e 56 %orrect Ans&er For a ,i;e" erio" 'our Ans&er At &ill

Multi le %hoice Multi le Ans&er Question The E;ce tion to the rule o, <!u)er !e&are< are %orrect Ans&er 8ualit) o, /oo"s are not (erchanta!le 0 resence o, atent "e,ect in /oo"s 'our Ans&er ,itness ,or !u)er7s ur ose 0 8ualit) o, /oo"s are not (erchanta!le 0 resence o, atent "e,ect in /oo"s Multi le %hoice Sin/le Ans&er Question A co( an) &hich has a control o+er a su!si"iar) co( an) is a 56 %orrect Ans&er 9ol"in/ co( an) 'our Ans&er 9ol"in/ co( an) Multi le %hoice Multi le Ans&er Question Follo&in/ are the con"itions nee"e" to ro+e an act o, a artner artnershi ,ir( %orrect Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an" 'our Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an"

is an act o, a (ust !e relate" to the on !ehal, o, the ,ir( (ust !e relate" to the on !ehal, o, the ,ir(

True=False Question There are t&o t) es or kin"s o, ca ital o, a co( an)0 i$e$ o&ne" ca ital an" !orro&e" ca ital$ %orrect Ans&er True 'our Ans&er False Multi le %hoice Multi le Ans&er Question %lassi,ication o, co( anies !ase" on the *uris"iction o, ,unctionin/ is 56 %orrect Ans&er A National %o( an) 0 Multinational %o( an) 0 Forei/n %o( an) 'our Ans&er A National %o( an) 0 Multinational %o( an) 0 Forei/n %o( an) Multi le %hoice Multi le Ans&er Question A co( an) is 56 %orrect Ans&er :oluntar) Association o, ersons 0 An arti,icial le/al erson 0 A se arate le/al entit) 'our Ans&er :oluntar) Association o, ersons 0 An arti,icial le/al erson 0 A se arate le/al entit) Match The Follo&in/ Question %orrect Ans&er

'our Ans&er Presentation o, Ne/otia!le Instru(ent For a)(ent For a)(ent When an en"orser si/ns the instru(ent an" a""s a "irection to a) the a(ount (entione" therein En"orse(ent in ,ull En"orse(ent in ,ull De,ault in a)(ent o, a(ount o, che8ue Dishonour o, che8ue Dishonour o, che8ue Notice o, "ishonour o, che8ue Man"ator) ro+ision Man"ator) ro+ision Multi le %hoice Multi le Ans&er Question The o!*ect o, the contract shoul" !e 56 %orrect Ans&er Le/al one 0 La&,ul 'our Ans&er Le/al one 0 La&,ul Select The Blank Question The In"ian %ontract Act0 13>.0 "oes not co+er all those "uties &hich are not ######## in nature$ %orrect Ans&er %ontractual 'our Ans&er %ontractual Multi le %hoice Multi le Ans&er Question Follo&in/ ersons can not !e calle" artners %orrect Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness 'our Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness Multi le %hoice Multi le Ans&er Question There can not !e an) artnershi &here a !usiness is carrie" on %orrect Ans&er &ith a !ene+olent ur ose 0 &here an) one o, the artners is entitle" to total ro,it earne" 'our Ans&er &ith a !ene+olent ur ose 0 to earn ro,itto earn ro,it 0 &here an) one o, the artners is entitle" to total ro,it earne" True=False Question Partnershi is nothin/ !ut a s)cholo/ical relationshi e;istin/ !et&een the artners$ %orrect Ans&er False 'our Ans&er False

True=False Question Loss o, ro,its is an e;a( le o, li8ui"ate" "a(a/es$ %orrect Ans&er False 'our Ans&er True Multi le %hoice Multi le Ans&er Question An unre/istere" ,ir( can !rin/ an action %orrect Ans&er a artner &ho steals the ro ert) o, the "a(a/es the ro ert) o, the artnershi 'our Ans&er a artner &ho steals the ro ert) o, the "a(a/es the ro ert) o, the artnershi assets o, the ,ir(

in an) court o, La& a/ainst artnershi ,ir( 0 a artner &ho ur osel) ,ir( artnershi ,ir( 0 a artner &ho ur osel) ,ir( 0 a artner &ho &ron/,ull) "eals &ith the

True=False Question The co( an) la& !oar" con,ir(s the chan/e o, re/istere" o,,ice o, the co( an) &ithin a state$ %orrect Ans&er False 'our Ans&er False Select The Blank Question Rati,ication is one o, the &a)s o, ######## a/enc)$ %orrect Ans&er %reatin/ 'our Ans&er %reatin/ True=False Question A co( an) can !eco(e a artner or can enter into a artnershi a/ree(ent$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Multi le Ans&er Question Follo&in/ are the characteristics o, the artnershi at &ill 56 %orrect Ans&er Partners are al&a)s ,ree to !reak their relationshi at their &ill 0 It is ,or in"e,inite erio" 0 No ro+ision ,or "eter(ination or ter(ination o, the artnershi 'our Ans&er Partners are al&a)s ,ree to !reak their relationshi at their &ill 0 It is ,or in"e,inite erio" 0 No ro+ision ,or "eter(ination or ter(ination o, the artnershi Multi le %hoice Multi le Ans&er Question

The lia!ilit) o, co( anies on the !asis o, lia!ilit) are 56 %orrect Ans&er Unli(ite" co( anies 0 Li(ite" !) /uarantee 0 Li(ite" !) shares 'our Ans&er Unli(ite" co( anies 0 Li(ite" !) /uarantee 0 Li(ite" !) shares Select The Blank Question The erson &ho !u)s the /oo"s ,or tra"in/ ur oses is not a ######## un"er the %onsu(er Protection Act0 1234$ %orrect Ans&er %onsu(er 'our Ans&er %onsu(er Multi le %hoice Sin/le Ans&er Question An a/ree(ent &ith a (inor is not +oi"a!le !ut 56 %orrect Ans&er :oi" a! initio 'our Ans&er :oi" a! initio True=False Question An a/ree(ent to sell takes lace in the case o, e;istin/ /oo"s or s eci,ic /oo"s$ %orrect Ans&er False 'our Ans&er False True=False Question An insol+ent erson can acce t or en"orse a !ill$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Sin/le Ans&er Question A sti ulation in a contract o, sale &ith re,erence to /oo"s &hich are su!*ect there o, (a) !e 56 %orrect Ans&er A con"ition or &arrant) 'our Ans&er A con"ition or &arrant) Multi le %hoice Multi le Ans&er Question The State %ouncil consists o, the ,ollo&in/ (e(!ers 56 %orrect Ans&er Minister in6char/e o, consu(er a,,airs in the State ?o+t$ 0 Me(!ers re resentin/ such interests as (a) !e rescri!e" !) the State ?o+t$ 'our Ans&er Minister in6char/e o, consu(er a,,airs in the State ?o+t$ 0 Me(!ers re resentin/ such interests as (a) !e rescri!e" !) the State ?o+t$

True=False Question Su!si"iar) co( an) can hol" shares an" can ac8uire (e(!ershi o, the hol"in/ co( an)$ %orrect Ans&er False 'our Ans&er False Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Minor Partner A"(itte" ,or ro,its onl) A"(itte" ,or ro,its onl) Dissolution o, a Partnershi Death or Insanit) o, the artners Death or Insanit) o, the artners Fir( Partners Partners Partner A/ents o, the ,ir( A/ents o, the ,ir( Partnershi %an !e ,or(e" at Will %an !e ,or(e" at Will Multi le %hoice Multi le Ans&er Question Follo&in/ are the ele(ents &hich constitute a artnershi %orrect Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons 'our Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons Select The Blank Question There shoul" !e a ######## an" real necessit) ,or creatin/ an a/enc)$ %orrect Ans&er De,inite 'our Ans&er %on/enital Multi le %hoice Sin/le Ans&er Question For o!tainin/ reco/nition as an 7A ro riate La!orator)<0 the a a lication in the ro,or(a rescri!e" !) the 56 %orrect Ans&er Bureau o, In"ian Stan"ar" 'our Ans&er Bureau o, In"ian Stan"ar"

licant shall sen" an

Multi le %hoice Sin/le Ans&er Question The o!*ect o, carr)in/ on a !usiness (ust !e 56 %orrect Ans&er Sharin/ o, ro,its 'our Ans&er Sharin/ o, ro,its True=False Question %o( an) is treate" as a le/al erson "istinct ,ro( its (e(!ers$ %orrect Ans&er True 'our Ans&er True Select The Blank Question An o,,er (ust create ######## relationshi $ %orrect Ans&er Le/al 'our Ans&er Le/al Multi le %hoice Multi le Ans&er Question A erson is consi"ere" the hol"er o, Ne/otia!le Instru(ents i, 56 %orrect Ans&er 9is na(e a ear on an instru(ent 0 9e is in ossession o, !earer instru(ent 0 9e is the en"orsee o, a che8ue 'our Ans&er 9is na(e a ear on an instru(ent 0 9e is in ossession o, !earer instru(ent 0 9e is contractin/ an instru(ent

Business Law - 3 LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multi le %hoice Sin/le Ans&er Question In the ri/ht o, lien0 the ossession is retaine" !) %orrect Ans&er Un ai" seller 'our Ans&er Un ai" seller Multi le %hoice Multi le Ans&er Question The +er) i( ortant sta/es in the connection o, ,or(ation o, a co( an) are %orrect Ans&er Pro(otion 0 Re/istration 0 Floatation 'our Ans&er

Pro(otion 0 Re/istration 0 Floatation True=False Question E+en i, all the (e(!ers o, a co( an) are citi@ens o, In"ia0 the co( an) "oes not !eco(e a citi@en o, In"ia$ %orrect Ans&er True 'our Ans&er True Select The Blank Question The con,ir(ation o, chan/e o, re/istere" o,,ice o, co( an) &ithin a state shall !e co((unicate" to the co( an) &ithin ######## ,ro( the "ate o, recei t o, such a lication$ %orrect Ans&er Four &eeks 'our Ans&er Three (onths Multi le %hoice Multi le Ans&er Question ?oo"s (eans %orrect Ans&er /ro&in/ cro s 0 stocks A shares 'our Ans&er /ro&in/ cro s 0 stocks A shares Multi le %hoice Sin/le Ans&er Question Accor"in/ to the %onsu(er Protection Act o, 12340 /oo"s (eans as "e,ine" un"er %orrect Ans&er Sale o, ?oo"s Act0 12-B 'our Ans&er Sale o, ?oo"s Act0 12-B Select The Blank Question The re/istration ,o artnershi ,ir( is ########$ %orrect Ans&er not co( ulsor) 'our Ans&er not co( ulsor) Multi le %hoice Sin/le Ans&er Question The un ai" seller has a %orrect Ans&er ri/ht a/ainst the /oo"s 'our Ans&er ri/ht a/ainst the /oo"s True=False Question Unen,orcea!le a/ree(ents an" ille/al a/ree(ents (ean one an" the sa(e thin/$ %orrect Ans&er

False 'our Ans&er False True=False Question The relation !et&een a "octor an" his atient is not ,i"uciar) in nature$ %orrect Ans&er False 'our Ans&er False Select The Blank Question A clu! or a societ) is an ######## o, ersons %orrect Ans&er association 'our Ans&er association Multi le %hoice Multi le Ans&er Question In a sale i, the seller !eco(es insol+ent a,ter a contract o, sale an" the !u)er has ai" the rice0 the !u)er can clai( the /oo"s ,ro( the %orrect Ans&er O,,icial Assi/nee 0 Recei+er 'our Ans&er O,,icial Assi/nee Multi le %hoice Sin/le Ans&er Question A le/al re resentati+e !ein/ hol"er o, Ne/otia!le Instru(ent can sue %orrect Ans&er a,ter the "eath o, the hol"er 'our Ans&er a,ter the "eath o, the hol"er Multi le %hoice Multi le Ans&er Question A sale can !e in case o, %orrect Ans&er s eci,ic /oo"s 0 e;istin/ /oo"s 'our Ans&er s eci,ic /oo"s 0 e;istin/ /oo"s Multi le %hoice Multi le Ans&er Question ?oo"s inclu"es %orrect Ans&er tra"e (arks 0 /oo" &ill 'our Ans&er tra"e (arks 0 /oo" &ill Multi le %hoice Multi le Ans&er Question Un"er section 1CC0 (o"e o, ser+ice o, su((ons are %orrect Ans&er

!) s ee" ost 0 !) courier ser+ices 0 !) concerne" olice station 'our Ans&er !) s ee" ost 0 !) concerne" olice station Multi le %hoice Multi le Ans&er Question ?oo"s (eans %orrect Ans&er !ir"s 0 /as 'our Ans&er !ir"s 0 /as Multi le %hoice Multi le Ans&er Question A co( an) is a le/al ersonalit) an" as such it can %orrect Ans&er O&n its ro ert) in its o&n na(e 0 En*o) its ro ert) in its o&n na(e 0 Dis ose o, its ro ert) in its o&n na(e 'our Ans&er O&n its ro ert) in its o&n na(e 0 En*o) its ro ert) in its o&n na(e 0 Dis ose o, its ro ert) in its o&n na(e Multi le %hoice Sin/le Ans&er Question An a/enc) is !ase" u on consent an" hence0 it is a %orrect Ans&er consensual relations 'our Ans&er consensual relations Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Minor7s A/ree(ent :oi" a! initio :oi" a! initio Threatnin/ to co((it %oercion %oercion %onsi"eration Past0 Present an" Future Past0 Present an" Future Mistake Fact an" La& Fact an" La& Multi le %hoice Sin/le Ans&er Question When an o,,er is (a"e to &orl"6at6lar/e0 the contract is %orrect Ans&er (a"e &ith the erson &ho si/ns or er,or(s the ter(s an" con"itions o, the o,,er 'our Ans&er (a"e &ith the erson &ho si/ns or er,or(s the ter(s an" con"itions o, the o,,er Select The Blank Question

When the notice o, sto a/e in transit is /i+en !) the seller to the ########in ossession o, /oo"s0 the latter (ust re6"eli+er the /oo"s to the seller$ %orrect Ans&er %arrier 'our Ans&er %arrier Multi le %hoice Multi le Ans&er Question The acts or transactions (a"e !) the a/ent can !e rati,ie" i, the acts or transaction are %orrect Ans&er ille/al 0 cri(inal 0 +oi" a! initio 'our Ans&er +ali" Multi le %hoice Multi le Ans&er Question %on"itions re8uire" to a+oi" a contract on the /roun" o, su er+enin/ i( ossi!ilt) o, er,or(ance o, the contract %orrect Ans&er the /oo"s (ust ha+e !een erishe" !e,ore the risk is asse" to the !u)er 0 the loss is not cause" !) the &ron/,ul act or "e,ault o, either !u)er or seller 'our Ans&er loss (ust !e /eneric 0 the /oo"s (ust ha+e !een erishe" !e,ore the risk is asse" to the !u)er Select The Blank Question A ######## is an arti,icial erson an" has a le/al entit)$ %orrect Ans&er %o( an) 'our Ans&er %o( an) Multi le %hoice Multi le Ans&er Question In a sale i, the seller !eco(es insol+ent a,ter a contract o, sale an" the !u)er has ai" the rice0 the !u)er can clai( the /oo"s ,ro( the %orrect Ans&er O,,icial Assi/nee 0 Recei+er 'our Ans&er Seller 0 O,,icial Assi/nee Multi le %hoice Multi le Ans&er Question Ne/otia!le instru(ent reco/nise" !) la& are %orrect Ans&er Bill o, e;chan/e 0 %he8ue 0 Pro(issor) Note 'our Ans&er Bill o, e;chan/e 0 %he8ue 0 Pro(issor) Note True=False Question A co( an) can !eco(e a artner or can enter into a artnershi a/ree(ent$ %orrect Ans&er False 'our Ans&er

False Multi le %hoice Sin/le Ans&er Question A %o( an)0 &hen re/istere" &ith li(ite" lia!ilit) un"er the %o( anies Act 12D40 shall !e "ee(e" to !e a co( an) %orrect Ans&er Li(ite" !) shares 'our Ans&er Li(ite" !) shares Multi le %hoice Multi le Ans&er Question Lia!ilities o, artners arises to thir" art) %orrect Ans&er ,or &ron/,ul acts o, a artners 0 ,or (isa ro riation !) its artners 0 ,or acts o, the ,ir( 'our Ans&er ,or &ron/,ul acts o, a artners 0 ,or acts o, the ,ir( Multi le %hoice Multi le Ans&er Question Follo&in/ ersons can not !e calle" artners %orrect Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness 'our Ans&er co6o&ners &ithout the a/ree(ent to carr) on the !usiness 0 (inors 0 insol+ents Multi le %hoice Sin/le Ans&er Question %onsi"eration or o!*ect o, an a/ree(ent is la&,ul unless it is %orrect Ans&er ,or!i""en !) la& 'our Ans&er rohi!ite" !) la& Multi le %hoice Multi le Ans&er Question A co( an) is re/istere" as an arti,icial erson$ It has no %orrect Ans&er Bo") 0 Soul 0 %onscience 'our Ans&er Bo") 0 Soul 0 %onscience Select The Blank Question A/ents are ######## to act &ithin the sco e o, the authorit) /i+en$ %orrect Ans&er authorise" 'our Ans&er authorise" Select The Blank Question The essential oint a!out an a/ent7s osition is his ######## o, (akin/ his rinci al ans&era!le to thir" arties$ %orrect Ans&er authorit)

'our Ans&er ca acit) True=False Question S ecial a/ent an" Particular a/ent (ean one an" the sa(e thin/$ %orrect Ans&er True 'our Ans&er False Select The Blank Question When the erson to &ho( the ro osal is (a"e si/ni,ies his assent thereto0 the ro osal is sai" to !e ########$ %orrect Ans&er acce te" 'our Ans&er acce te" Multi le %hoice Multi le Ans&er Question An unre/istere" ,ir( can !rin/ an action %orrect Ans&er a artner &ho steals the ro ert) o, the "a(a/es the ro ert) o, the artnershi 'our Ans&er a artner &ho steals the ro ert) o, the "a(a/es the ro ert) o, the artnershi

in an) court o, La& a/ainst artnershi ,ir( 0 a artner &ho ur osel) ,ir( artnershi ,ir( 0 a artner &ho ur osel) ,ir(

Multi le %hoice Sin/le Ans&er Question In or"er to con+ert a ro osal into a ro(ise the acce tance (ust !e %orrect Ans&er a!solute an" un8uali,ie" 'our Ans&er co((unicate" an) ti(e Match The Follo&in/ Question %orrect Ans&er 'our Ans&er An) erson &ho ,or the consi"eration !eco(es the ossessor o, a ro(issor) note 9ol"er in "ue course 9ol"er in "ue course Ne/otiatin/ Ne/otia!le Instru(ents so as to !in" all0 e;ce t hi(sel, A (inor Non6acce tance e; ress authorit) en"orse(ent in ,ull A artner acce tin/ Ne/otia!le Instru(ent I( lie" authorit) I( lie" authorit) A erson &ho can7t acce t or in"orse a !ill An insol+ent An insol+ent True=False Question

The ro+isions o, sale o, /oo"s &ere re+iousl) inclu"e" in the In"ian %ontract Act0 13>.$ %orrect Ans&er True 'our Ans&er True True=False Question The la& relatin/ to sale o, i((o+a!le /oo"s is containe" in the Sale o, ?oo"s Act0 12-B$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Multi le Ans&er Question A co( an) is a le/al ersonalit) an" as such it can %orrect Ans&er O&n its ro ert) in its o&n na(e 0 En*o) its ro ert) in its o&n na(e 0 Dis ose o, its ro ert) in its o&n na(e 'our Ans&er O&n its ro ert) in its o&n na(e 0 Dis ose o, its ro ert) in its o&n na(e Multi le %hoice Sin/le Ans&er Question %o( an) !ase" on o&nershi is %orrect Ans&er Pu!lic co( an) 'our Ans&er Pu!lic co( an) Multi le %hoice Sin/le Ans&er Question The un ai" seller has a %orrect Ans&er ri/ht a/ainst the !u)er 'our Ans&er ri/ht a/ainst the !u)er True=False Question The %entral ?o+ern(ent (a)0 !) license "irect the association to !e re/istere" &hich is ,or(e" as a li(ite" co( an) ,or ro(otin/ co((erce0 art etc$ %orrect Ans&er True 'our Ans&er True Select The Blank Question The "irectors o, a co( an) ha+e to ,ile their consent &ith the ######## to act as "irector$ %orrect Ans&er re/istrar 'our Ans&er re/istrar

at D5C> AM B co((ents Links to this ost La!els5 Business La& Business Law - 2 LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Penalt) ,or ,alse articulars I( rison(ent ,or three (onths I( rison(ent ,or three (onths Partnershi "ee" Na(e0 Place0 Date Na(e0 Place0 Date A state(ent in rescri!e" ,or( an" acco( anie" !) ,ees Re8uire" ,or re/istration Re8uire" ,or re/istration The re/istrar o, ,ir(s To recti,) an) (istake To recti,) an) (istake Select The Blank Question The con,ir(ation o, chan/e o, re/istere" o,,ice o, co( an) &ithin a state shall !e co((unicate" to the co( an) &ithin ######## ,ro( the "ate o, recei t o, such a lication$ %orrect Ans&er Four &eeks 'our Ans&er Four &eeks True=False Question A !anker is a (ercantile a/ent$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Multi le Ans&er Question Follo&in/ are the ele(ents &hich constitute a artnershi %orrect Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons 'our Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons Select The Blank

Question Un,air tra"e ractice inclu"es a re resentation (a"e to u!lic in a ,or( that ur ots to !e a ######## o, a ro"uct$ %orrect Ans&er &arrant) 'our Ans&er &arrant) True=False Question All contracts are a/ree(ents an" all a/ree(ents are contracts$ %orrect Ans&er False 'our Ans&er False True=False Question In case o, Bill o, E;chan/e0 the notice o, "ishonour is essential$ %orrect Ans&er True 'our Ans&er True Select The Blank Question When the erson to &ho( the ro osal is (a"e si/ni,ies his assent thereto0 the ro osal is sai" to !e ########$ %orrect Ans&er acce te" 'our Ans&er acce te" Multi le %hoice Multi le Ans&er Question Follo&in/ are the con"itions nee"e" to ro+e an act o, a artner artnershi ,ir( %orrect Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an" 'our Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an"

is an act o, a (ust !e relate" to the on !ehal, o, the ,ir( (ust !e relate" to the on !ehal, o, the ,ir(

True=False Question E;istin/ /oo"s are those /oo"s0 &hich are o&ne" an" ossesse" !) the seller at the ti(e o, sale$ %orrect Ans&er True 'our Ans&er True Select The Blank Question A0B0%0 an" D are artners0 A retires an" B "ies0 the artnershi !et&een the( co(es to ########

%orrect Ans&er an en" 'our Ans&er an en" Multi le %hoice Multi le Ans&er Question In s ecial a/enc)0 %orrect Ans&er a/enc) lasts ,or a s eci,ic erio" 0 a/enc) lasts ,or a articular t) e o, *o! or &ork 0 a/ents has li(ite" authorit) 'our Ans&er a/enc) lasts ,or a s eci,ic erio" 0 a/enc) lasts ,or a articular t) e o, *o! or &ork 0 a/ents has li(ite" authorit) Multi le %hoice Multi le Ans&er Question Lia!ilities o, artners arises to thir" art) %orrect Ans&er ,or &ron/,ul acts o, a artners 0 ,or (isa ro riation !) its artners 0 ,or acts o, the ,ir( 'our Ans&er ,or &ron/,ul acts o, a artners 0 ,or (isa ro riation !) its artners 0 ,or acts o, the ,ir( Multi le %hoice Sin/le Ans&er Question ?oo"s i"enti,ie" at the ti(e contract o, sale are kno&n as %orrect Ans&er Ascertaine" /oo"s 'our Ans&er Ascertaine" /oo"s Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Minor Partner A"(itte" ,or ro,its onl) A"(itte" ,or ro,its onl) Dissolution o, a Partnershi Death or Insanit) o, the artners Death or Insanit) o, the artners Fir( Partners Partners Partner A/ents o, the ,ir( A/ents o, the ,ir( Partnershi %an !e ,or(e" at Will %an !e ,or(e" at Will Multi le %hoice Multi le Ans&er Question A co( an) is re/istere" as an arti,icial erson$ It has no %orrect Ans&er Bo") 0 Soul 0 %onscience 'our Ans&er

Bo") 0 Soul 0 %onscience Select The Blank Question An a/ree(ent o, a/enc) (ust (ake clear ######## o, a erson to act on !ehal, o, another erson$ %orrect Ans&er intention 'our Ans&er intention Multi le %hoice Multi le Ans&er Question The (e(oran"u( o, e+er) co( an) shall state %orrect Ans&er The na(e o, the co( an) 0 The re/istere" o,,ice 0 The (ain o!*ects 'our Ans&er The na(e o, the co( an) 0 The re/istere" o,,ice 0 The (ain o!*ects Select The Blank Question A ######## artner is like an un"isclose" rinci al$ %orrect Ans&er slee in/ 'our Ans&er slee in/ Multi le %hoice Multi le Ans&er Question Follo&in/ ersons can not !e calle" artners %orrect Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness 'our Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness Multi le %hoice Multi le Ans&er Question A (inor a"(itte" to the !ene,its o, artnershi is %orrect Ans&er not ersonall) lia!le ,or an) act o, ,ir( 0 not entitle" to sue artners ,or account 0 entitle" ,or the ro,its o, a/ree" u on 'our Ans&er entitle" ,or the ro,its o, a/ree" u on 0 not ersonall) lia!le ,or an) act o, ,ir( 0 not entitle" to sue artners ,or account Multi le %hoice Sin/le Ans&er Question When an a/ent has the authorit) to "o all acts connecte" &ith the !usiness or tra"e o, his rinci al0 he is kno&n as %orrect Ans&er a /eneral a/ent 'our Ans&er a /eneral a/ent Select The Blank Question S ecial resolution an" con,ir(ation !) ########is re8uire" ,or alteration o,

Me(oran"u($ %orrect Ans&er %o( an) La& Boar" 'our Ans&er %o( an) La& Boar" True=False Question Mone) or"er0 Postal or"er0 Share %erti,icates0 De osit recei ts an" such other "ocu(ents are Ne/otia!le Instru(ents$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Multi le Ans&er Question There can not !e an) artnershi &here a !usiness is carrie" on %orrect Ans&er &ith a !ene+olent ur ose 0 &here an) one o, the artners is entitle" to total ro,it earne" 'our Ans&er &ith a !ene+olent ur ose 0 &here an) one o, the artners is entitle" to total ro,it earne" Select The Blank Question Issue" ca ital can !e "e,ine" as the ######## o, shares &hich are o,,ere" to the u!lic ,or su!scri tion$ %orrect Ans&er no(inal +alue 'our Ans&er no(inal +alue True=False Question S eci,ic /oo"s are those &hich are i"enti,ie" an" a/ree" u on at the ti(e o, a contract o, sale is (a"e$ %orrect Ans&er True 'our Ans&er True True=False Question An a/ree(ent en,orcea!le !) la& is a contract$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Multi le Ans&er Question The lia!ilit) o, co( anies on the !asis o, lia!ilit) are %orrect Ans&er Unli(ite" co( anies 0 Li(ite" !) /uarantee 0 Li(ite" !) shares 'our Ans&er

Unli(ite" co( anies 0 Li(ite" !) /uarantee 0 Li(ite" !) shares Select The Blank Question Earta o, Foint69in"u ,a(il) is ######## o, his ,a(il)$ %orrect Ans&er re resentati+e 'our Ans&er re resentati+e Multi le %hoice Sin/le Ans&er Question The (eanin/ o, the ter( G%a+eat E( torH is %orrect Ans&er let the !u)er !e&are 'our Ans&er let the !u)er !e&are Multi le %hoice Sin/le Ans&er Question The National %o((ission has the o&er to entertain a %orrect Ans&er State %o((ission 'our Ans&er State %o((ission

eals a/ainst the or"ers o, an)

Multi le %hoice Multi le Ans&er Question A(en"(ents (a"e in the %onsu(er Protection Act in .BB. inclu"e %orrect Ans&er Pro+ision ,or su!stitution o, le/al heir or re resentati+e as a art) to the co( lainant in the e+ent o, the "eath o, the o osite art)$ 0 Pro+ision ,or reco+er) o, a(ounts or"ere" to !e ai" !) consu(er re"ressal a/encies as arrears o, lan" re+enue$ 0 Pro+ision ,or rechar/in/ o, ,ee in res ect o, co( laints ,ile" !e,ore the consu(er re"ressal a/encies 'our Ans&er Pro+ision ,or su!stitution o, le/al heir or re resentati+e as a art) to the co( lainant in the e+ent o, the "eath o, the o osite art)$ 0 Pro+ision ,or reco+er) o, a(ounts or"ere" to !e ai" !) consu(er re"ressal a/encies as arrears o, lan" re+enue$ 0 Pro+ision ,or rechar/in/ o, ,ee in res ect o, co( laints ,ile" !e,ore the consu(er re"ressal a/encies True=False Question No consi"eration is re8uire" in ,or(al contracts$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Multi le Ans&er Question The ,ollo&in/ t) es o, co( anies are re8uire" to ha+e their o&n articles %orrect Ans&er Unli(ite" co( anies 0 %o( anies li(ite" !) /uarantee 0 Pri+ate co( anies li(ite" !) shares 'our Ans&er Unli(ite" co( anies 0 %o( anies li(ite" !) /uarantee 0 Pri+ate co( anies li(ite" !) shares

Multi le %hoice Multi le Ans&er Question The Pros ectus is %orrect Ans&er A "ocu(ent raisin/ share ca ital 0 A Pros ectus can !e0 an) notice 0 Issue" to in+ite the su!scri tion to shares 'our Ans&er A "ocu(ent raisin/ share ca ital 0 A Pros ectus can !e0 an) notice 0 Issue" to in+ite the su!scri tion to shares Select The Blank Question A/ents are ######## to act &ithin the sco e o, the authorit) /i+en$ %orrect Ans&er authorise" 'our Ans&er authorise" Multi le %hoice Multi le Ans&er Question %lassi,ication o, co( anies !ase" on the *uris"iction o, ,unctionin/ %orrect Ans&er A National %o( an) 0 Multinational %o( an) 0 Forei/n %o( an) 'our Ans&er A National %o( an) 0 Multinational %o( an) 0 Forei/n %o( an) True=False Question The su!scri!er o, the (e(oran"u( o, a co( an) on its re/istration shall !e entere" in its re/ister o, (e(!ers as (e(!er$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question Un"er a contract o, sale /oo"s ha+e to !e e;chan/e" ,or %orrect Ans&er Mone) 'our Ans&er Mone) Multi le %hoice Sin/le Ans&er Question An a/ent &as instructe" !) his rinci al to insure the /oo"s0 !ut he ne/lecte" to insure the /oo"s$ As a result0 the rinci al ha" to su,,er the loss$ Who is res onsi!le ,or the loss I %orrect Ans&er a/ent 'our Ans&er rinci al True=False Question E+en i, all the (e(!ers o, a co( an) are citi@ens o, In"ia0 the co( an) "oes not

!eco(e a citi@en o, In"ia$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question One (an co( an) is /enerall) a %orrect Ans&er ri+ate co( an) 'our Ans&er ri+ate co( an) Multi le %hoice Sin/le Ans&er Question Mr$ Dan/ an" Mr$ Tho(as &ork to/ether$ Mr$ Dan/ recei+es all the ro,its earne" an" a)s Mr$ Tho(as certain a(ount ,or his &ork as &a/es$ &hether Mr$ Dan/ an" Mr$ Tho(as are %orrect Ans&er Master an" Ser+ant 'our Ans&er Master an" Ser+ant Multi le %hoice Sin/le Ans&er Question An a/ree(ent can !eco(e a contract i, it is %orrect Ans&er en,orcea!le !) la& 'our Ans&er en,orcea!le !) la& Select The Blank Question A ro osal co(es to an en" !) its ########$ %orrect Ans&er re*ection 'our Ans&er re*ection Multi le %hoice Multi le Ans&er Question Follo&in/ are the t) es o, *uris"iction0 &hich ha+e !een con,erre" on the State %o((ission %orrect Ans&er A ellate 0 Su er+isor) 0 Re+isional 'our Ans&er A ellate 0 Su er+isor) 0 Re+isional at D5C4 AM B co((ents Links to this ost La!els5 Business La& Thursday, January 24, 2008 Business Law - 1

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Select The Blank Question Partnershi is !ase" on ########$ %orrect Ans&er Faith 'our Ans&er Faith Select The Blank Question A %o( an) su!*ect to the ro+isions o, section -. o, the co( anies act as unli(ite" (a) re/ister un"er this Act as a ########$ %orrect Ans&er Li(ite" co( an) 'our Ans&er Li(ite" co( an) Multi le %hoice Multi le Ans&er Question %o( laint un"er the %onsu(er Protection Act0 1234 relates to 56 %orrect Ans&er Un,air Tra"e Practices 0 Restricti+e Tra"e Practices 0 %har/in/ o, hi/her rices 'our Ans&er Un,air Tra"e Practices 0 Restricti+e Tra"e Practices 0 %har/in/ o, hi/her rices Multi le %hoice Sin/le Ans&er Question The (onetar) *uris"iction is !ase" u on the 56 %orrect Ans&er A(ount o, relie, clai(e" !) the co( lainant 'our Ans&er The +alue o, /oo"s or ser+ices Select The Blank Question Un ai" seller7s Ri/ht to sto the /oo"s in transit arises onl) &hen the !u)er is ######## %orrect Ans&er Bankru t 'our Ans&er Bankru t Select The Blank Question S ecial resolution an" con,ir(ation !) ######## is re8uire" ,or alteration o, Me(oran"u($ %orrect Ans&er %o( an) La& Boar" 'our Ans&er %o( an) La& Boar" Multi le %hoice Multi le Ans&er Question Accor"in/ to the %onsu(er Protection Act0 12340 a erson inclu"es 56

%orrect Ans&er 9in"u un"i+i"e" ,a(il) 0 %o6o erati+e societ) 0 In"i+i"ual as &ell as *uristic erson 'our Ans&er 9in"u un"i+i"e" ,a(il) 0 %o6o erati+e societ) 0 In"i+i"ual as &ell as *uristic erson Multi le %hoice Sin/le Ans&er Question %o( an) !ase" on o&nershi is 56 %orrect Ans&er Pu!lic co( an) 'our Ans&er Pu!lic co( an) Multi le %hoice Sin/le Ans&er Question The National %o((ission has the o&er to entertain a %orrect Ans&er State %o((ission 'our Ans&er State %o((ission

eals a/ainst the or"ers o, an) 56

Multi le %hoice Sin/le Ans&er Question Non6re/istration o, a artnershi ,ir( "oes not (ake the artnershi a/ree(ent 56 %orrect Ans&er :oi" 'our Ans&er Le/al Multi le %hoice Multi le Ans&er Question A/ent has "uties to&ar"s rinci al in a""ition to 56 %orrect Ans&er %on"uctin/ rinci al7s !usiness 0 Ren"erin/ accounts to rinci al 0 %o((unicatin/ &ith the rinci al 'our Ans&er %on"uctin/ rinci al7s !usiness 0 Ren"erin/ accounts to rinci al 0 %o((unicatin/ &ith the rinci al Multi le %hoice Sin/le Ans&er Question In the Bill o, E;chan/e0 the erson to &ho( the !ill is (a"e a)a!le is calle" as 56 %orrect Ans&er Pa)ee 'our Ans&er Pa)ee Multi le %hoice Sin/le Ans&er Question Where the artners a/ree to carr) on the !usiness ,or a "e,inite erio" o, ti(e0 the artnershi is sai" to !e 56 %orrect Ans&er For a ,i;e" erio" 'our Ans&er At &ill Multi le %hoice Multi le Ans&er

Question The E;ce tion to the rule o, <!u)er !e&are< are %orrect Ans&er 8ualit) o, /oo"s are not (erchanta!le 0 resence o, atent "e,ect in /oo"s 'our Ans&er ,itness ,or !u)er7s ur ose 0 8ualit) o, /oo"s are not (erchanta!le 0 resence o, atent "e,ect in /oo"s Multi le %hoice Sin/le Ans&er Question A co( an) &hich has a control o+er a su!si"iar) co( an) is a 56 %orrect Ans&er 9ol"in/ co( an) 'our Ans&er 9ol"in/ co( an) Multi le %hoice Multi le Ans&er Question Follo&in/ are the con"itions nee"e" to ro+e an act o, a artner artnershi ,ir( %orrect Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an" 'our Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an"

is an act o, a (ust !e relate" to the on !ehal, o, the ,ir( (ust !e relate" to the on !ehal, o, the ,ir(

True=False Question There are t&o t) es or kin"s o, ca ital o, a co( an)0 i$e$ o&ne" ca ital an" !orro&e" ca ital$ %orrect Ans&er True 'our Ans&er False Multi le %hoice Multi le Ans&er Question %lassi,ication o, co( anies !ase" on the *uris"iction o, ,unctionin/ is 56 %orrect Ans&er A National %o( an) 0 Multinational %o( an) 0 Forei/n %o( an) 'our Ans&er A National %o( an) 0 Multinational %o( an) 0 Forei/n %o( an) Multi le %hoice Multi le Ans&er Question A co( an) is 56 %orrect Ans&er :oluntar) Association o, ersons 0 An arti,icial le/al erson 0 A se arate le/al entit) 'our Ans&er :oluntar) Association o, ersons 0 An arti,icial le/al erson 0 A se arate le/al entit) Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Presentation o, Ne/otia!le Instru(ent

For a)(ent For a)(ent When an en"orser si/ns the instru(ent an" a""s a "irection to a) the a(ount (entione" therein En"orse(ent in ,ull En"orse(ent in ,ull De,ault in a)(ent o, a(ount o, che8ue Dishonour o, che8ue Dishonour o, che8ue Notice o, "ishonour o, che8ue Man"ator) ro+ision Man"ator) ro+ision Multi le %hoice Multi le Ans&er Question The o!*ect o, the contract shoul" !e 56 %orrect Ans&er Le/al one 0 La&,ul 'our Ans&er Le/al one 0 La&,ul Select The Blank Question The In"ian %ontract Act0 13>.0 "oes not co+er all those "uties &hich are not ######## in nature$ %orrect Ans&er %ontractual 'our Ans&er %ontractual Multi le %hoice Multi le Ans&er Question Follo&in/ ersons can not !e calle" artners %orrect Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness 'our Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness Multi le %hoice Multi le Ans&er Question There can not !e an) artnershi &here a !usiness is carrie" on %orrect Ans&er &ith a !ene+olent ur ose 0 &here an) one o, the artners is entitle" to total ro,it earne" 'our Ans&er &ith a !ene+olent ur ose 0 to earn ro,itto earn ro,it 0 &here an) one o, the artners is entitle" to total ro,it earne" True=False Question Partnershi is nothin/ !ut a s)cholo/ical relationshi e;istin/ !et&een the artners$ %orrect Ans&er False 'our Ans&er False True=False

Question Loss o, ro,its is an e;a( le o, li8ui"ate" "a(a/es$ %orrect Ans&er False 'our Ans&er True Multi le %hoice Multi le Ans&er Question An unre/istere" ,ir( can !rin/ an action %orrect Ans&er a artner &ho steals the ro ert) o, the "a(a/es the ro ert) o, the artnershi 'our Ans&er a artner &ho steals the ro ert) o, the "a(a/es the ro ert) o, the artnershi assets o, the ,ir(

in an) court o, La& a/ainst artnershi ,ir( 0 a artner &ho ur osel) ,ir( artnershi ,ir( 0 a artner &ho ur osel) ,ir( 0 a artner &ho &ron/,ull) "eals &ith the

True=False Question The co( an) la& !oar" con,ir(s the chan/e o, re/istere" o,,ice o, the co( an) &ithin a state$ %orrect Ans&er False 'our Ans&er False Select The Blank Question Rati,ication is one o, the &a)s o, ######## a/enc)$ %orrect Ans&er %reatin/ 'our Ans&er %reatin/ True=False Question A co( an) can !eco(e a artner or can enter into a artnershi a/ree(ent$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Multi le Ans&er Question Follo&in/ are the characteristics o, the artnershi at &ill 56 %orrect Ans&er Partners are al&a)s ,ree to !reak their relationshi at their &ill 0 It is ,or in"e,inite erio" 0 No ro+ision ,or "eter(ination or ter(ination o, the artnershi 'our Ans&er Partners are al&a)s ,ree to !reak their relationshi at their &ill 0 It is ,or in"e,inite erio" 0 No ro+ision ,or "eter(ination or ter(ination o, the artnershi Multi le %hoice Multi le Ans&er Question The lia!ilit) o, co( anies on the !asis o, lia!ilit) are 56 %orrect Ans&er

Unli(ite" co( anies 0 Li(ite" !) /uarantee 0 Li(ite" !) shares 'our Ans&er Unli(ite" co( anies 0 Li(ite" !) /uarantee 0 Li(ite" !) shares Select The Blank Question The erson &ho !u)s the /oo"s ,or tra"in/ ur oses is not a ######## un"er the %onsu(er Protection Act0 1234$ %orrect Ans&er %onsu(er 'our Ans&er %onsu(er Multi le %hoice Sin/le Ans&er Question An a/ree(ent &ith a (inor is not +oi"a!le !ut 56 %orrect Ans&er :oi" a! initio 'our Ans&er :oi" a! initio True=False Question An a/ree(ent to sell takes lace in the case o, e;istin/ /oo"s or s eci,ic /oo"s$ %orrect Ans&er False 'our Ans&er False True=False Question An insol+ent erson can acce t or en"orse a !ill$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Sin/le Ans&er Question A sti ulation in a contract o, sale &ith re,erence to /oo"s &hich are su!*ect there o, (a) !e 56 %orrect Ans&er A con"ition or &arrant) 'our Ans&er A con"ition or &arrant) Multi le %hoice Multi le Ans&er Question The State %ouncil consists o, the ,ollo&in/ (e(!ers 56 %orrect Ans&er Minister in6char/e o, consu(er a,,airs in the State ?o+t$ 0 Me(!ers re resentin/ such interests as (a) !e rescri!e" !) the State ?o+t$ 'our Ans&er Minister in6char/e o, consu(er a,,airs in the State ?o+t$ 0 Me(!ers re resentin/ such interests as (a) !e rescri!e" !) the State ?o+t$ True=False

Question Su!si"iar) co( an) can hol" shares an" can ac8uire (e(!ershi o, the hol"in/ co( an)$ %orrect Ans&er False 'our Ans&er False Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Minor Partner A"(itte" ,or ro,its onl) A"(itte" ,or ro,its onl) Dissolution o, a Partnershi Death or Insanit) o, the artners Death or Insanit) o, the artners Fir( Partners Partners Partner A/ents o, the ,ir( A/ents o, the ,ir( Partnershi %an !e ,or(e" at Will %an !e ,or(e" at Will Multi le %hoice Multi le Ans&er Question Follo&in/ are the ele(ents &hich constitute a artnershi %orrect Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons 'our Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons Select The Blank Question There shoul" !e a ######## an" real necessit) ,or creatin/ an a/enc)$ %orrect Ans&er De,inite 'our Ans&er %on/enital Multi le %hoice Sin/le Ans&er Question For o!tainin/ reco/nition as an 7A ro riate La!orator)<0 the a a lication in the ro,or(a rescri!e" !) the 56 %orrect Ans&er Bureau o, In"ian Stan"ar" 'our Ans&er Bureau o, In"ian Stan"ar" Multi le %hoice Sin/le Ans&er Question

licant shall sen" an

The o!*ect o, carr)in/ on a !usiness (ust !e 56 %orrect Ans&er Sharin/ o, ro,its 'our Ans&er Sharin/ o, ro,its True=False Question %o( an) is treate" as a le/al erson "istinct ,ro( its (e(!ers$ %orrect Ans&er True 'our Ans&er True Select The Blank Question An o,,er (ust create ######## relationshi $ %orrect Ans&er Le/al 'our Ans&er Le/al Multi le %hoice Multi le Ans&er Question A erson is consi"ere" the hol"er o, Ne/otia!le Instru(ents i, 56 %orrect Ans&er 9is na(e a ear on an instru(ent 0 9e is in ossession o, !earer instru(ent 0 9e is the en"orsee o, a che8ue 'our Ans&er 9is na(e a ear on an instru(ent 0 9e is in ossession o, !earer instru(ent 0 9e is contractin/ an instru(ent

Business Law - 6 LIST OF ATTEMPTED QUESTIONS AND ANSWERS

True=False Question A/ree(ent is "e,ine" as a contract at its ince tion$ %orrect Ans&er True 'our Ans&er True Select The Blank Question ######## is the ######## (etho" o, +otin/ &ith the rule <one share one +ote < %orrect Ans&er oll 'our Ans&er oll %orrect Ans&er

ca italistic 'our Ans&er in"i+i"ualise" Multi le %hoice Sin/le Ans&er Question A/enc) can !e create" !) %orrect Ans&er O eration o, la& 'our Ans&er O eration o, la& Multi le %hoice Sin/le Ans&er Question Where the ro ert) in /oo"s sol" has !een asse"0 the un ai" seller has the %orrect Ans&er ri/ht to sto /oo"s in transit 'our Ans&er ri/ht to sto /oo"s in transit True=False Question A (inor (a) "ra&0 en"orse0 "eli+er an" ne/otiate a ne/otia!le instru(ent to !in" other arties e;ce t hi(sel, %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question Dissolution !) the or"er o, the %ourt at the suit o, a artner on certain /roun"s0 &hich inclu"e %orrect Ans&er Will,ul or ersistent !reach o, a/ree(ent !) a artner 'our Ans&er Will,ul or ersistent !reach o, a/ree(ent !) a artner Select The Blank Question The a/enc) can !e ######## At an) ti(e !) ######## a/ree(ent !et&een the rinci al an" his a/ent$ %orrect Ans&er ter(inate" 'our Ans&er in"i+i"ual %orrect Ans&er (utual 'our Ans&er (utual Multi le %hoice Multi le Ans&er Question The re8uire(ent o, +ali" Me(oran"u( o, Association are that it %orrect Ans&er is to !e si/ne" !) at least se+en ersons in case o, u!lic co( an) 0 is to !e si/ne" !) at least t&o ersons in case o, ri+ate co( an)

'our Ans&er is to !e si/ne" !) at least se+en ersons in case o, u!lic co( an) 0 is to !e si/ne" !) at least t&o ersons in case o, ri+ate co( an) Match The Follo&in/ Question %orrect Ans&er 'our Ans&er An Outsi"er or a stran/er &ho hol"s hi(sel, out or re resents hi(sel, to !e a artner o, the artnershi ,ir( an" in"uces outsi"er to /i+e cre"it to the ,ir( artner !) esto el artner !) esto el A erson &ho !eco(es a artner !) enterin/ into artnershi a/ree(ent A is actual en/a/e" in the con"uct an" (ana/e(ent o, the artnershi !usiness Ostensi!le artner Ostensi!le artner A erson &ho onl) len"s his na(e to the artnershi ,ir( !ut "oes not in+est an) ca ital in the ,ir( nor "oes take an) interest in the a,,airs o, the ,ir( No(inal Partner No(inal Partner When artners a/ree to share the ro,its o, the artnershi ,ir( &ith an) outsi"er0 such An outsi"er is kno&n as Su!6Partner Su!6Partner A artner &hose e;istence in the ,ir( is ke t secret ,ro( the outsi"e &orl" Dor(ant Partner Dor(ant Partner Multi le %hoice Multi le Ans&er Question Follo&in/ are the con"itions nee"e" to ro+e an act o, a artner artnershi ,ir( %orrect Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an" 'our Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an"

is an act o, a (ust !e relate" to the on !ehal, o, the ,ir( (ust !e relate" to the on !ehal, o, the ,ir(

Multi le %hoice Multi le Ans&er Question A consu(er is %orrect Ans&er No(inee un"er a olic) o, li,e insurance 0 A Rail&a) assen/er 0 An e( lo)ee &ho is (e(!er o, E( lo)ees Pro+i"ent Fun" Sche(e 'our Ans&er No(inee un"er a olic) o, li,e insurance 0 A Rail&a) assen/er 0 An e( lo)ee &ho is (e(!er o, E( lo)ees Pro+i"ent Fun" Sche(e Multi le %hoice Multi le Ans&er Question Follo&in/ are the ele(ents &hich constitute a artnershi %orrect Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons 'our Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o

or (ore ersons Select The Blank Question A (eetin/ is ######## o, a nu(!er o, ersons ,or ######## a la&,ul !usiness ha+in/ certain ur ose or ur oses %orrect Ans&er an asse(!l) 'our Ans&er an asse(!l) %orrect Ans&er transactin/ 'our Ans&er transactin/ Multi le %hoice Multi le Ans&er Question Follo&in/ are the con"itions to !e ,ul,ille" !e,ore a seller can !e "ee(e" to !e an un ai" seller %orrect Ans&er he (ust ha+e an i((e"iate ri/ht o, action ,or the rice 0 he (ust ha+e sol" /oo"s a/ainst cash an" the rice (ust !e "ue 'our Ans&er he (ust ha+e an i((e"iate ri/ht o, action ,or the rice 0 he (ust ha+e re,use" a)(ent &hen ten"ere" 0 he (ust ha+e sol" /oo"s a/ainst cash an" the rice (ust !e "ue Multi le %hoice Multi le Ans&er Question Follo&in/ are the e;a( les o, statutor) co( anies %orrect Ans&er Reser+e Bank O, In"ia 0 Unit Trust O, In"ia 'our Ans&er Reser+e Bank O, In"ia 0 Unit Trust O, In"ia Multi le %hoice Multi le Ans&er Question Follo&in/ ersons can not !e calle" artners %orrect Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness 'our Ans&er (inors 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Sale E;chan/e o, /oo"s ,or rice E;chan/e o, /oo"s ,or rice Barter E;chan/e E;chan/e o, /oo"s ,or /oo"s E;chan/e o, /oo"s ,or /oo"s Sale o, ?oo"s Act0 12-B Mo+a!le /oo"s Mo+a!le /oo"s %a+eat E( tor Let the !u)er !e&are

Let the !u)er !e&are Quiet ossession I( lie" Warrant) I( lie" Warrant) Multi le %hoice Sin/le Ans&er Question A consu(er has ri/ht to !e assure"0 &here+er ossi!le0 access to ser+ices at %orrect Ans&er co( etiti+e rices 'our Ans&er co( etiti+e rices Multi le %hoice Multi le Ans&er Question Follo&in/ are the characteristics o, artnershi at &ill %orrect Ans&er artners are al&a)s ,ree to !reak their relationshi at their &hi( 0 it is ,or in"e,inite erio" 'our Ans&er artners are al&a)s ,ree to !reak their relationshi at their &hi( 0 it is ,or in"e,inite erio" True=False Question A co((ission a/ent is /enerall) a rinci al %orrect Ans&er True 'our Ans&er True

ointe" ,or sellin/ an" !u)in/ /oo"s on !ehal, o, his

Multi le %hoice Multi le Ans&er Question Trans(ission o, shares takes lace "ue to %orrect Ans&er "eath o, a (e(!er 0 insol+enc) o, a (e(!er 0 lunac) o, a (e(!er 'our Ans&er "eath o, a (e(!er 0 lunac) o, a (e(!er 0 (inorit) o, a (e(!er Multi le %hoice Multi le Ans&er Question In the a!sence o, usa/e or custo( o, tra"e to the contrar)0 the i( lie" authorit) o, a artner "oes not e( o&er hi( to %orrect Ans&er ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( 'our Ans&er ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 a"(it an) lia!ilit) in a suit or rocee"in/s a/ainst the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( Multi le %hoice Multi le Ans&er Question Follo&in/ are the ersons &ho cannot enter into artnershi ,ir( %orrect Ans&er A Bur(ese Bu""hist hus!an" an" &i,e carr)in/ on !usiness 0 the (e(!ers o, 9in"u Un"i+i"e" Fa(il) carr)in/ on Fa(il) !usiness

'our Ans&er A Bur(ese Bu""hist hus!an" an" &i,e carr)in/ on !usiness 0 the (e(!ers o, 9in"u Un"i+i"e" Fa(il) carr)in/ on Fa(il) !usiness Multi le %hoice Multi le Ans&er Question The (aker0 acce tor or en"orser res ecti+el) o, a ne/otia!le instru(ent is "ischar/e" ,ro( lia!ilit) thereon !) %orrect Ans&er release 0 a)(ent 0 non cancellation 'our Ans&er non6acce tance 0 release 0 a)(ent Multi le %hoice Sin/le Ans&er Question The National %o((ission shall "eci"e the co( laint as ,ar as ossi!le &ithin a erio" o, %orrect Ans&er three (onths ,ro( the "ate o, notice recei+e" !) the o osite art) 'our Ans&er three (onths ,ro( the "ate o, notice recei+e" !) the o osite art) Select The Blank Question When the ######## o, a !ill is J,or collection onl)K the en"orsee cannot !e a ######## %orrect Ans&er En"orse(ent 'our Ans&er En"orse(ent %orrect Ans&er hol"er 'our Ans&er hol"er Select The Blank Question Un6calle" ca ital is the art o, ######## an" ######## ca ital &hich has not !een calle" u $ %orrect Ans&er issue" 'our Ans&er issue" %orrect Ans&er su!scri!e" 'our Ans&er su!scri!e" True=False Question S ecial Notice an" S ecial Resolution (ean one an" the sa(e$ %orrect Ans&er False 'our Ans&er True Select The Blank Question ######## Tra"e Practice is a tra"e ractice &hich ,or the ur ose o, ro(otin/ a sale0

use or su l) o, an) /oo"s or ,or the ro+ision o, an) ser+ice a"o ts an) ######## ractice$ %orrect Ans&er un,air 'our Ans&er un,air %orrect Ans&er "ece ti+e 'our Ans&er "ece ti+e True=False Question %onsu(er is a erson &ho rocures ser+ice un"er a contract o, ersonal ser+ice %orrect Ans&er False 'our Ans&er True Multi le %hoice Multi le Ans&er Question Pro ert) o, the co( an) is the ro ert) o, %orrect Ans&er Pro(oters !e,ore the e;istence o, the co( an) 0 the co( an) itsel, a,ter its incor oration 'our Ans&er its share6hol"ers 0 Boar" o, Directors 0 Pro(oters !e,ore the e;istence o, the co( an) True=False Question En/lish La& "oes not reco/ni@e For(al %ontract %orrect Ans&er False 'our Ans&er False Select The Blank Question Reser+e" ca ital is the art o, ######## ca ital &hich can onl) !e calle" u at the ti(e o, A ,or the ur ose o, ######## the co( an) %orrect Ans&er uncalle" 'our Ans&er uncalle" %orrect Ans&er &in"in/ u 'our Ans&er &in"in/ u True=False Question The artners nee" not si/n the artnershi "ee"$ %orrect Ans&er False 'our Ans&er False

Select The Blank Question When the erson to &ho( the ro osal is (a"e ######## his assent thereto0 the ro osal is sai" to !e ######## %orrect Ans&er Si/ni,ies 'our Ans&er Acce te" %orrect Ans&er Acce te" 'our Ans&er Declare" Multi le %hoice Multi le Ans&er Question ?oo"s inclu"es %orrect Ans&er tra"e (arks 0 /oo" &ill 'our Ans&er actiona!le clai(s 0 (one) Multi le %hoice Multi le Ans&er Question %haracteristics Articles o, Association are %orrect Ans&er it contains rule ,or the internal (ana/e(ent o, the a,,airs o, the co( an) 0 it is su!or"inate to the Me(oran"u( o, Association 'our Ans&er contains o!*ecti+es ,or &hich the co( an) is esta!lishe" 0 it contains rule ,or the internal (ana/e(ent o, the a,,airs o, the co( an) 0 it is su!or"inate to the Me(oran"u( o, Association Select The Blank Question ######## i( lies co((ittin/ or threatenin/ to co((it an) act ######## !) the In"ian Penal %o"e$ %orrect Ans&er %oercion 'our Ans&er %oercion %orrect Ans&er ,or!i""en 'our Ans&er ,or!i""en Select The Blank Question ######## is an in+itation (a"e to the ######## %orrect Ans&er Pros ectus 'our Ans&er Pros ectus %orrect Ans&er u!lic 'our Ans&er u!lic

Multi le %hoice Sin/le Ans&er Question A ,actor is a t) e o, %orrect Ans&er Mercantile A/ent 'our Ans&er Mercantile A/ent True=False Question A/ents actin/ *ointl) an" se+erall) are kno&n as co6a/ents %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question En,orce(ent o, contin/ent contract "e en"s on %orrect Ans&er 9a enin/ or Non6ha enin/ o, the e+ent 'our Ans&er 9a enin/ o, the e+ent Multi le %hoice Sin/le Ans&er Question In a sale0 i, the !u)er !eco(es insol+ent !e,ore he a)s the rice o, the /oo"s urchase"0 the erson &ho can clai( the "eli+er) o, the /oo"s as the ro ert) in /oo"s has !een alrea") trans,erre" as a %orrect Ans&er o,,icial assi/nee or recei+er 'our Ans&er o,,icial assi/nee or recei+er Select The Blank Question When the ######## o, contract !eco(es ######## 0 such contract nee" not !e er,or(e" %orrect Ans&er er,or(ance 'our Ans&er cancellation %orrect Ans&er i( ossi!le 'our Ans&er ossi!le True=False Question A %he8ue can !e !earer0 Or"er or crosse" %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question

Follo&in/ is an i( lie" con"ition$ %orrect Ans&er %on"ition as to sale !) sa( le 'our Ans&er %on"ition as to sale !) sa( le Multi le %hoice Sin/le Ans&er Question Dissolution !) +oluntar) act o, the artners0 &hich inclu"es %orrect Ans&er "issolution !) a/ree(ent 'our Ans&er "issolution !) a/ree(ent at 45-> AM B co((ents Links to this ost La!els5 Business La& LSet 6 IIM Business Law - 5 LIST OF ATTEMPTED QUESTIONS AND ANSWERS

True=False Question A/ree(ent is "e,ine" as a contract at its ince tion$ %orrect Ans&er True 'our Ans&er True Select The Blank Question ######## is the ######## (etho" o, +otin/ &ith the rule <one share one +ote < %orrect Ans&er oll 'our Ans&er oll %orrect Ans&er ca italistic 'our Ans&er in"i+i"ualise" Multi le %hoice Sin/le Ans&er Question A/enc) can !e create" !) %orrect Ans&er O eration o, la& 'our Ans&er O eration o, la& Multi le %hoice Sin/le Ans&er Question Where the ro ert) in /oo"s sol" has !een asse"0 the un ai" seller has the %orrect Ans&er

ri/ht to sto /oo"s in transit 'our Ans&er ri/ht to sto /oo"s in transit True=False Question A (inor (a) "ra&0 en"orse0 "eli+er an" ne/otiate a ne/otia!le instru(ent to !in" other arties e;ce t hi(sel, %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question Dissolution !) the or"er o, the %ourt at the suit o, a artner on certain /roun"s0 &hich inclu"e %orrect Ans&er Will,ul or ersistent !reach o, a/ree(ent !) a artner 'our Ans&er Will,ul or ersistent !reach o, a/ree(ent !) a artner Select The Blank Question The a/enc) can !e ######## At an) ti(e !) ######## a/ree(ent !et&een the rinci al an" his a/ent$ %orrect Ans&er ter(inate" 'our Ans&er in"i+i"ual %orrect Ans&er (utual 'our Ans&er (utual Multi le %hoice Multi le Ans&er Question The re8uire(ent o, +ali" Me(oran"u( o, Association are that it %orrect Ans&er is to !e si/ne" !) at least se+en ersons in case o, u!lic co( an) 0 is to !e si/ne" !) at least t&o ersons in case o, ri+ate co( an) 'our Ans&er is to !e si/ne" !) at least se+en ersons in case o, u!lic co( an) 0 is to !e si/ne" !) at least t&o ersons in case o, ri+ate co( an) Match The Follo&in/ Question %orrect Ans&er 'our Ans&er An Outsi"er or a stran/er &ho hol"s hi(sel, out or re resents hi(sel, to !e a artner o, the artnershi ,ir( an" in"uces outsi"er to /i+e cre"it to the ,ir( artner !) esto el artner !) esto el A erson &ho !eco(es a artner !) enterin/ into artnershi a/ree(ent A is actual en/a/e" in the con"uct an" (ana/e(ent o, the artnershi !usiness Ostensi!le artner Ostensi!le artner

A erson &ho onl) len"s his na(e to the artnershi ,ir( !ut "oes not in+est an) ca ital in the ,ir( nor "oes take an) interest in the a,,airs o, the ,ir( No(inal Partner No(inal Partner When artners a/ree to share the ro,its o, the artnershi ,ir( &ith an) outsi"er0 such An outsi"er is kno&n as Su!6Partner Su!6Partner A artner &hose e;istence in the ,ir( is ke t secret ,ro( the outsi"e &orl" Dor(ant Partner Dor(ant Partner Multi le %hoice Multi le Ans&er Question Follo&in/ are the con"itions nee"e" to ro+e an act o, a artner artnershi ,ir( %orrect Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an" 'our Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an"

is an act o, a (ust !e relate" to the on !ehal, o, the ,ir( (ust !e relate" to the on !ehal, o, the ,ir(

Multi le %hoice Multi le Ans&er Question A consu(er is %orrect Ans&er No(inee un"er a olic) o, li,e insurance 0 A Rail&a) assen/er 0 An e( lo)ee &ho is (e(!er o, E( lo)ees Pro+i"ent Fun" Sche(e 'our Ans&er No(inee un"er a olic) o, li,e insurance 0 A Rail&a) assen/er 0 An e( lo)ee &ho is (e(!er o, E( lo)ees Pro+i"ent Fun" Sche(e Multi le %hoice Multi le Ans&er Question Follo&in/ are the ele(ents &hich constitute a artnershi %orrect Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons 'our Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons Select The Blank Question A (eetin/ is ######## o, a nu(!er o, ersons ,or ######## a la&,ul !usiness ha+in/ certain ur ose or ur oses %orrect Ans&er an asse(!l) 'our Ans&er an asse(!l) %orrect Ans&er transactin/ 'our Ans&er transactin/ Multi le %hoice Multi le Ans&er

Question Follo&in/ are the con"itions to !e ,ul,ille" !e,ore a seller can !e "ee(e" to !e an un ai" seller %orrect Ans&er he (ust ha+e an i((e"iate ri/ht o, action ,or the rice 0 he (ust ha+e sol" /oo"s a/ainst cash an" the rice (ust !e "ue 'our Ans&er he (ust ha+e an i((e"iate ri/ht o, action ,or the rice 0 he (ust ha+e re,use" a)(ent &hen ten"ere" 0 he (ust ha+e sol" /oo"s a/ainst cash an" the rice (ust !e "ue Multi le %hoice Multi le Ans&er Question Follo&in/ are the e;a( les o, statutor) co( anies %orrect Ans&er Reser+e Bank O, In"ia 0 Unit Trust O, In"ia 'our Ans&er Reser+e Bank O, In"ia 0 Unit Trust O, In"ia Multi le %hoice Multi le Ans&er Question Follo&in/ ersons can not !e calle" artners %orrect Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness 'our Ans&er (inors 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Sale E;chan/e o, /oo"s ,or rice E;chan/e o, /oo"s ,or rice Barter E;chan/e E;chan/e o, /oo"s ,or /oo"s E;chan/e o, /oo"s ,or /oo"s Sale o, ?oo"s Act0 12-B Mo+a!le /oo"s Mo+a!le /oo"s %a+eat E( tor Let the !u)er !e&are Let the !u)er !e&are Quiet ossession I( lie" Warrant) I( lie" Warrant) Multi le %hoice Sin/le Ans&er Question A consu(er has ri/ht to !e assure"0 &here+er ossi!le0 access to ser+ices at %orrect Ans&er co( etiti+e rices 'our Ans&er co( etiti+e rices Multi le %hoice Multi le Ans&er Question Follo&in/ are the characteristics o, artnershi at &ill

%orrect Ans&er artners are al&a)s ,ree to !reak their relationshi at their &hi( 0 it is ,or in"e,inite erio" 'our Ans&er artners are al&a)s ,ree to !reak their relationshi at their &hi( 0 it is ,or in"e,inite erio" True=False Question A co((ission a/ent is /enerall) a rinci al %orrect Ans&er True 'our Ans&er True

ointe" ,or sellin/ an" !u)in/ /oo"s on !ehal, o, his

Multi le %hoice Multi le Ans&er Question Trans(ission o, shares takes lace "ue to %orrect Ans&er "eath o, a (e(!er 0 insol+enc) o, a (e(!er 0 lunac) o, a (e(!er 'our Ans&er "eath o, a (e(!er 0 lunac) o, a (e(!er 0 (inorit) o, a (e(!er Multi le %hoice Multi le Ans&er Question In the a!sence o, usa/e or custo( o, tra"e to the contrar)0 the i( lie" authorit) o, a artner "oes not e( o&er hi( to %orrect Ans&er ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( 'our Ans&er ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 a"(it an) lia!ilit) in a suit or rocee"in/s a/ainst the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( Multi le %hoice Multi le Ans&er Question Follo&in/ are the ersons &ho cannot enter into artnershi ,ir( %orrect Ans&er A Bur(ese Bu""hist hus!an" an" &i,e carr)in/ on !usiness 0 the (e(!ers o, 9in"u Un"i+i"e" Fa(il) carr)in/ on Fa(il) !usiness 'our Ans&er A Bur(ese Bu""hist hus!an" an" &i,e carr)in/ on !usiness 0 the (e(!ers o, 9in"u Un"i+i"e" Fa(il) carr)in/ on Fa(il) !usiness Multi le %hoice Multi le Ans&er Question The (aker0 acce tor or en"orser res ecti+el) o, a ne/otia!le instru(ent is "ischar/e" ,ro( lia!ilit) thereon !) %orrect Ans&er release 0 a)(ent 0 non cancellation 'our Ans&er non6acce tance 0 release 0 a)(ent Multi le %hoice Sin/le Ans&er Question The National %o((ission shall "eci"e the co( laint as ,ar as ossi!le &ithin a erio" o,

%orrect Ans&er three (onths ,ro( the "ate o, notice recei+e" !) the o 'our Ans&er three (onths ,ro( the "ate o, notice recei+e" !) the o

osite art) osite art)

Select The Blank Question When the ######## o, a !ill is J,or collection onl)K the en"orsee cannot !e a ######## %orrect Ans&er En"orse(ent 'our Ans&er En"orse(ent %orrect Ans&er hol"er 'our Ans&er hol"er Select The Blank Question Un6calle" ca ital is the art o, ######## an" ######## ca ital &hich has not !een calle" u $ %orrect Ans&er issue" 'our Ans&er issue" %orrect Ans&er su!scri!e" 'our Ans&er su!scri!e" True=False Question S ecial Notice an" S ecial Resolution (ean one an" the sa(e$ %orrect Ans&er False 'our Ans&er True Select The Blank Question ######## Tra"e Practice is a tra"e ractice &hich ,or the ur ose o, ro(otin/ a sale0 use or su l) o, an) /oo"s or ,or the ro+ision o, an) ser+ice a"o ts an) ######## ractice$ %orrect Ans&er un,air 'our Ans&er un,air %orrect Ans&er "ece ti+e 'our Ans&er "ece ti+e True=False Question %onsu(er is a erson &ho rocures ser+ice un"er a contract o, ersonal ser+ice %orrect Ans&er False

'our Ans&er True Multi le %hoice Multi le Ans&er Question Pro ert) o, the co( an) is the ro ert) o, %orrect Ans&er Pro(oters !e,ore the e;istence o, the co( an) 0 the co( an) itsel, a,ter its incor oration 'our Ans&er its share6hol"ers 0 Boar" o, Directors 0 Pro(oters !e,ore the e;istence o, the co( an) True=False Question En/lish La& "oes not reco/ni@e For(al %ontract %orrect Ans&er False 'our Ans&er False Select The Blank Question Reser+e" ca ital is the art o, ######## ca ital &hich can onl) !e calle" u at the ti(e o, A ,or the ur ose o, ######## the co( an) %orrect Ans&er uncalle" 'our Ans&er uncalle" %orrect Ans&er &in"in/ u 'our Ans&er &in"in/ u True=False Question The artners nee" not si/n the artnershi "ee"$ %orrect Ans&er False 'our Ans&er False Select The Blank Question When the erson to &ho( the ro osal is (a"e ######## his assent thereto0 the ro osal is sai" to !e ######## %orrect Ans&er Si/ni,ies 'our Ans&er Acce te" %orrect Ans&er Acce te" 'our Ans&er Declare" Multi le %hoice Multi le Ans&er Question ?oo"s inclu"es

%orrect Ans&er tra"e (arks 0 /oo" &ill 'our Ans&er actiona!le clai(s 0 (one) Multi le %hoice Multi le Ans&er Question %haracteristics Articles o, Association are %orrect Ans&er it contains rule ,or the internal (ana/e(ent o, the a,,airs o, the co( an) 0 it is su!or"inate to the Me(oran"u( o, Association 'our Ans&er contains o!*ecti+es ,or &hich the co( an) is esta!lishe" 0 it contains rule ,or the internal (ana/e(ent o, the a,,airs o, the co( an) 0 it is su!or"inate to the Me(oran"u( o, Association Select The Blank Question ######## i( lies co((ittin/ or threatenin/ to co((it an) act ######## !) the In"ian Penal %o"e$ %orrect Ans&er %oercion 'our Ans&er %oercion %orrect Ans&er ,or!i""en 'our Ans&er ,or!i""en Select The Blank Question ######## is an in+itation (a"e to the ######## %orrect Ans&er Pros ectus 'our Ans&er Pros ectus %orrect Ans&er u!lic 'our Ans&er u!lic Multi le %hoice Sin/le Ans&er Question A ,actor is a t) e o, %orrect Ans&er Mercantile A/ent 'our Ans&er Mercantile A/ent True=False Question A/ents actin/ *ointl) an" se+erall) are kno&n as co6a/ents %orrect Ans&er True 'our Ans&er True

Multi le %hoice Sin/le Ans&er Question En,orce(ent o, contin/ent contract "e en"s on %orrect Ans&er 9a enin/ or Non6ha enin/ o, the e+ent 'our Ans&er 9a enin/ o, the e+ent Multi le %hoice Sin/le Ans&er Question In a sale0 i, the !u)er !eco(es insol+ent !e,ore he a)s the rice o, the /oo"s urchase"0 the erson &ho can clai( the "eli+er) o, the /oo"s as the ro ert) in /oo"s has !een alrea") trans,erre" as a %orrect Ans&er o,,icial assi/nee or recei+er 'our Ans&er o,,icial assi/nee or recei+er Select The Blank Question When the ######## o, contract !eco(es ######## 0 such contract nee" not !e er,or(e" %orrect Ans&er er,or(ance 'our Ans&er cancellation %orrect Ans&er i( ossi!le 'our Ans&er ossi!le True=False Question A %he8ue can !e !earer0 Or"er or crosse" %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question Follo&in/ is an i( lie" con"ition$ %orrect Ans&er %on"ition as to sale !) sa( le 'our Ans&er %on"ition as to sale !) sa( le Multi le %hoice Sin/le Ans&er Question Dissolution !) +oluntar) act o, the artners0 &hich inclu"es %orrect Ans&er "issolution !) a/ree(ent 'our Ans&er "issolution !) a/ree(ent at 45-D AM B co((ents Links to this ost

La!els5 Business La& LSet 6 IIM Monday, June 23, 2008 Business Law - 4 Inter+ie& Questions htt 5==(in"/rillQ$!lo/s ot$co(

Question %onsi"eration can not !e a ast consi"eration$ %orrect Ans&er False Question The ,ollo&in/ t) es o, co( anies are re8uire" to ha+e their o&n articles %orrect Ans&er Unli(ite" co( anies 0 %o( anies li(ite" !) /uarantee 0 Pri+ate co( anies li(ite" !) shares Question When the erson to &ho( the ro osal is (a"e si/ni,ies his assent thereto0 the ro osal is sai" to !e ########$ %orrect Ans&er acce te" Question An a/ree(ent to sell takes lace in the case o, e;istin/ /oo"s or s eci,ic /oo"s$ %orrect Ans&er False Question S eci,ic /oo"s are those &hich are i"enti,ie" an" a/ree" u on at the ti(e o, a contract o, sale is (a"e$ %orrect Ans&er True Question As er S$.L1M L,M o, the %onsu(er Protection Act0 "e,ect (eans an) ######## in the 8ualit) o, /oo"s %orrect Ans&er shortco(in/ Question The (e(!ershi o, the association o, co( an) shall cease on the "issolution o, the ,ir($ %orrect Ans&er True Question There can not !e an) artnershi &here a !usiness is carrie" on %orrect Ans&er With a !ene+olent ur ose 0 Where an) one o, the atterns is entitle" to total ro,it earne"$ Question Selection co((ittee ,or the a oint(ent o, the District Foru( consists o, %orrect Ans&er Presi"ent o, the State %o((ission 0 Secretar) o, the La& De t$ o, the state Question There are t&o t) es or kin"s o, ca ital o, a co( an)0 i$e$ o&ne" ca ital an" !orro&e" ca ital$ %orrect Ans&er

True Question The "irectors o, a co( an) ha+e to ,ile their consent &ith the ######## to act as "irector$ %orrect Ans&er re/istrar Question Un ai" seller7s ri/ht to sto the /oo"s in transit arises onl) &hen the !u)er is ######## %orrect Ans&er Bankru t Question A ######## is an arti,icial erson an" has a le/al entit)$ %orrect Ans&er %o( an) Question The co( anies ha+in/ Articles are %orrect Ans&er Unli(ite" %o( an) 0 %o( an) li(ite" !) /uarantee 0 %o( an) li(ite" !) shares Question Issue" ca ital can !e "e,ine" as the ######## o, shares &hich are o,,ere" to the u!lic ,or su!scri tion$ %orrect Ans&er no(inal +alue Question Partnershi is !ase" on ######## %orrect Ans&er ,aith Question The in/re"ients o, the ro osal are %orrect Ans&er co((unication !) one to another 0 to "o or to a!stain ,ro( "oin/ so(ethin/ 0 the o!*ect shoul" !e to take assent o, another Question Follo&in/ are the con"itions nee"e" to ro+e an act o, a artner is an act o, a artnershi ,ir( %orrect Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it (ust !e relate" to the !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an" on !ehal, o, the ,ir( Question An a/ent &as instructe" !) his rinci al to insure the /oo"s0 !ut he ne/lecte" to insure the /oo"s$ As a result0 the rinci al ha" to su,,er the loss$ Who is res onsi!le ,or the loss I %orrect Ans&er a/ent Question A %onsu(er has the ,ollo&in/ ri/hts %orrect Ans&er To /et the e"ucation o, the a+aila!ilit) o, le/al re(e"ies 0 Seek re"ressal a/ainst un,air tra"e ractices 0 To !e in,or(e" a!out 8ualit)0 8uantit)0 otenc)0 urit)0 stan"ar" an" rice o, /oo"s Question Follo&in/ ersons can not !e calle" artners %orrect Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness Question There can not !e an) artnershi &here a !usiness is carrie" on %orrect Ans&er

&ith a !ene+olent ur ose 0 &here an) one o, the artners is entitle" to total ro,it earne" Question In the ri/ht o, lien0 the ossession is retaine" !) %orrect Ans&er Un ai" seller Question The In"ian %ontract Act0 13>.0 "oes not co+er all those "uties &hich are not ######## in nature$ %orrect Ans&er contractual Question An unre/istere" ,ir( can institute a suit a/ainst %orrect Ans&er &ron/,ul use o, the tra"e (ark 0 &ron/,ul use o, the ,ir( na(e Question Follo&in/ are the ersons &ho cannot enter into artnershi ,ir( %orrect Ans&er A Bur(ese Bu""hist hus!an" an" &i,e carr)in/ on !usiness 0 the (e(!ers o, 9in"u Un"i+i"e" Fa(il) carr)in/ on Fa(il) !usiness Question Durin/ the continuance o, the ,ir(0 a trans,er !) a artner o, his interest is the ,irst restricts the trans,eree to %orrect Ans&er ins ect the !ooks o, the ,ir( 0 re8uire accounts 0 inter,ere in the con"uct o, a !usiness o, a ,ir( Question There are certain li(itations to the rinci le o, rati,ication &hich are %orrect Ans&er &here the rinci al "oes not ha+e ,ull kno&le"/e at the ,act 0 &here the act to !e rati,ie" is ille/al or +oi" 0 &here the rati,ication is not "one &ithin a reasona!le ti(e Question In an a eal to the National %o((ission the a ellant shall su!(it %orrect Ans&er Si; co ies o, (e(oran"u( Question the +acancies arisin/ ,ro( "esi/nation o, the (e(!ers o, the %entral %ouncil shall !e ,ille" ,ro( the sa(e cate/or) !) the %orrect Ans&er %entral ?o+ern(ent Question Where the artners a/ree to carr) on the !usiness ,or a "e,inite erio" o, ti(e0 the artnershi is sai" to !e %orrect Ans&er ,or a ,i;e" erio" Question In contract o, sale the !u)er !eco(es %orrect Ans&er A!solute o&ner o, the ro ert) Question In contract o, sale %orrect Ans&er o&nershi in the ro ert) is asse" ,ro( the seller to the !u)er$ Question A Pro(issor) Note contains con"itional un"ertakin/ to a) a certain su( o, (one)$ %orrect Ans&er False

Multi le %hoice Sin/le Ans&er Question A u!lic co( an) "oesn7t ha+e its o&n articles o, association0 it (a) a"o t %orrect Ans&er Ta!le A as /i+en in sche"ule61 Question Follo&in/ are the ele(ents &hich constitute a artnershi %orrect Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons Question %orrect Ans&er 'our Ans&er Minor Partner A"(itte" ,or ro,its onl) A"(itte" ,or ro,its onl) Dissolution o, a Partnershi Death or Insanit) o, the artners Death or Insanit) o, the artners Fir( Partners Partners Partner A/ents o, the ,ir( A/ents o, the ,ir( Partnershi %an !e ,or(e" at Will %an !e ,or(e" at Will Question The cor orate +eil un"er the %o( anies Act (a) !e li,te" in the ,ollo&in/ instances %orrect Ans&er To in+esti/ate the real o&nershi o, shares 0 To in+esti/ate the na(es an" (e(!ers o, the co( an) 0 To in+esti/ate &hether the co( an) is sha( Question A clu! or a societ) is an ######## o, ersons %orrect Ans&er association Question A artner is calle" as an out/oin/ artner !) %orrect Ans&er retire(ent 0 "eath 0 e; ulsion Question %orrect Ans&er 'our Ans&er An) erson &ho ,or the consi"eration !eco(es the ossessor o, a ro(issor) note 9ol"er in "ue course 9ol"er in "ue course Ne/otiatin/ Ne/otia!le Instru(ents so as to !in" all0 e;ce t hi(sel, A (inor A (inor A artner acce tin/ Ne/otia!le Instru(ent I( lie" authorit) I( lie" authorit) A erson &ho can7t acce t or in"orse a !ill An insol+ent An insol+ent Question

Ser+ices ren"ere" !) the Post an" Tele hone De art(ent are co+ere" !) the %onsu(er Protection Act0 1234 %orrect Ans&er True Question The (eanin/ o, the ter( G%a+eat E( torH is %orrect Ans&er let the !u)er !e&are Question A co( an) can sue an" also !e sue" !) %orrect Ans&er In its cor orate na(e Question When the ro ert) in /oo"s is trans,erre" ,ro( the seller to the !u)er at once0 the contract is calle" %orrect Ans&er A Sale Question I, an) ######## is resent &hile ,or(in/ the a/enc) then the relationshi o, a/enc) !eco(es contractual$ %orrect Ans&er consi"eration Question <I ro(ise to a) Mr$Fohn Rs$DBB=6 se+en "a)s a,ter () (arria/e &ith Miss Luc)< is a ro(issor) note$ %orrect Ans&er False

Business Law - 9 Multi le %hoice Multi le Ans&er Question Pro(ise (a) !e ,rau" i, it is (a"e %orrect Ans&er &ithout inten"in/ to er,or( it 0 to "ecei+e 'our Ans&er to (islea" other 0 to "ecei+e 0 to (is/ui"e others True=False Question I, one o, the arties to the contract "ies the contract !eco(es +oi"$ %orrect Ans&er False 'our Ans&er True Multi le %hoice Sin/le Ans&er Question Wai+er %orrect Ans&er +Deli!erate a!an"on(ent o, a ri/hts !) the arties to the contract 'our Ans&er An in,erior ri/ht accruin/ to one o, the arties as contract (er/es into a su erior ri/ht

accruin/ to the sa(e art) un"er the sa(e or other contract$ Multi le %hoice Sin/le Ans&er Question The o&nershi ca ital o, the co( an) is "i+i"e" into a nu(!er o, %orrect Ans&er Shares0 'our Ans&er Shares0 True=False Question A co((ission a/ent is /enerall) a rinci al %orrect Ans&er True 'our Ans&er True

ointe" ,or sellin/ an" !u)in/ /oo"s on !ehal, o, his

Multi le %hoice Sin/le Ans&er Question The ter( o, central rotection council is %orrect Ans&er three )ears 'our Ans&er ,i+e )ears Select The Blank Question A sale can onl) !e in the case o, ######## Or ######## /oo"s$ %orrect Ans&er ,uture 'our Ans&er /eneric %orrect Ans&er /eneric 'our Ans&er ascertaine" Multi le %hoice Sin/le Ans&er Question One o, the characteristics o, %o( an) is that it is %orrect Ans&er an arti,icial erson 'our Ans&er an arti,icial erson Multi le %hoice Multi le Ans&er Question Follo&in/ is true a!out the Articles o, Association %orrect Ans&er it is re8uire" to !e si/ne" !) the su!scri!ers o, the (e(oran"u( o, association 0 is to !e re/istere" alon/ &ith the (e(oran"u( 0 a u!lic co( an) (a) ha+e its o&n articles o, association 'our Ans&er it is re8uire" to !e si/ne" !) the su!scri!ers o, the (e(oran"u( o, association 0 is to !e re/istere" alon/ &ith the (e(oran"u( 0 a u!lic co( an) (a) ha+e its o&n articles

o, association True=False Question No consi"eration is re8uire" in ,or(al contracts %orrect Ans&er True 'our Ans&er True Multi le %hoice Multi le Ans&er Question A erson is "ee(e" to !e "o(inate" the &ill o, another i, %orrect Ans&er a real or a arent authorit) o+er the( 0 he stan"s in a ,i"uciar) relation to other 'our Ans&er so(e authorit) is hel" o+er the other art) 0 a real or a arent authorit) o+er the( 0 he stan"s in a ,i"uciar) relation to other Select The Blank Question When the erson to &ho( the ro osal is (a"e ######## his assent thereto0 the ro osal is sai" to !e ######## %orrect Ans&er Si/ni,ies 'our Ans&er Si/ni,ies %orrect Ans&er Acce te" 'our Ans&er Acce te" Match The Follo&in/ Question %orrect Ans&er 'our Ans&er T&o arties %ontract o, Sale A/ree(ent to sell Monetar) consi"eration Price ,or the /oo"s Price ,or the /oo"s Un ai" Seller Ri/ht o, lien on /oo"s %ontract o, Sale Future ?oo"s A/ree(ent to sell Ri/ht o, lien on /oo"s I"enti,ie" ?oo"s Ascertaine" ?oo"s Ascertaine" ?oo"s Select The Blank Question An) erson clai(in/ hi(sel, as a consu(er (ust ######## that the ser+ices (ust ha+e !een ######## to hi( %orrect Ans&er

ro+e 'our Ans&er ro+e %orrect Ans&er ren"ere" 'our Ans&er ro+i"e" True=False Question An un ai" seller has a ri/ht a/ainst the /oo"s !ut "oes not ha+e an) ersonal ri/ht a/ainst the !u)er$ %orrect Ans&er False 'our Ans&er True Multi le %hoice Sin/le Ans&er Question The ri/hts A lia!ilities o, an e; elle" artner %orrect Ans&er are e;actl) sa(e as that o, a retirin/ artner 'our Ans&er "o not ha+e an) ri/hts at all Multi le %hoice Sin/le Ans&er Question I, there is !reach o, a con"ition0 the a//rie+e" art) /ets a ri/ht to$ %orrect Ans&er re u"iate the contract 'our Ans&er Discar" the contract Multi le %hoice Sin/le Ans&er Question Unless there is an) a/ree(ent to the contrar)0 on the insol+enc) o, an) o, the artners o, the artnershi ,ir(0 the ,ir( %orrect Ans&er is auto(aticall) "issol+e" 'our Ans&er continues ,or a ,i;e" erio" Multi le %hoice Sin/le Ans&er Question Illusor) consi"eration can also !e calle" as %orrect Ans&er "ece ti+e 'our Ans&er "ece ti+e Multi le %hoice Sin/le Ans&er Question In a ri+ate co( an) shares can %orrect Ans&er !e !ut &ith restrictions trans,erre" 'our Ans&er not !e trans,erre"

Select The Blank Question An Or"er o, the %ourt askin/ a erson to "o or to ######## ,ro( "oin/ a articular act0 &hich is the su!*ect (atter o, the contract0 is kno&n as ######## %orrect Ans&er Quasi 'our Ans&er re,rain %orrect Ans&er In*unction 'our Ans&er In*unction True=False Question The estate o, a "ecease" artner or the le/al re resentati+es o, a "ecease" artner cannot !e hel" lia!le ,or an) act o, the ,ir($ %orrect Ans&er True 'our Ans&er True Select The Blank Question ######## is the ######## nu(!er o, (e(!ers to !e resent at the (eetin/s to con"uct the !usiness o, the (eetin/ as re8uire" !) la& %orrect Ans&er 8uoru( 'our Ans&er 8uoru( %orrect Ans&er (ini(u( 'our Ans&er (ini(u( Select The Blank Question As er Sec$ . L1M LOM o, the %onsu(er Protection Act0 Ser+ice ######## Inclu"e ren"erin/ o, an) ser+ice un"er a contract o, ######## ser+ice$ %orrect Ans&er "oesnot 'our Ans&er "oes %orrect Ans&er ersonal 'our Ans&er u!lic Multi le %hoice Multi le Ans&er Question Follo&in/ are the essentials o, +ali" acce tance %orrect Ans&er acce tance (ust !e 8uali,ie" 0 acce tance (ust !e co((unicate" to the o,,eror 'our Ans&er acce tance (ust !e 8uali,ie" 0 acce tance can !e co((unicate" at an) ti(e 0 acce tance (ust !e co((unicate" to the o,,eror

True=False Question In case the o!*ect o, an a/enc) !eco(es unla&,ul0 the a/enc) cannot !e ter(inate" %orrect Ans&er False 'our Ans&er True Multi le %hoice Multi le Ans&er Question Misre resentation contains ,ollo&in/ in/re"ients %orrect Ans&er ositi+e assertion 0 !reach o, "ut) &ithout intention to "ecei+e 0 causin/ another art) to (ake a (istake as to the su!stance o, the thin/ 'our Ans&er !reach o, "ut) &ith intention to "ecei+e 0 !reach o, "ut) &ithout intention to "ecei+e 0 causin/ another art) to (ake a (istake as to the su!stance o, the thin/ Multi le %hoice Multi le Ans&er Question The (aker0 acce tor or en"orser res ecti+el) o, a ne/otia!le instru(ent is "ischar/e" ,ro( lia!ilit) thereon !) %orrect Ans&er release 0 a)(ent 0 non cancellation 'our Ans&er non6acce tance 0 release 0 a)(ent Multi le %hoice Multi le Ans&er Question To turn an a/ree(ent into contract the consi"eration %orrect Ans&er shoul" !e le/al 0 shoul" !e la&,ul 0 shoul" !e la& a!i"in/ 'our Ans&er shoul" !e le/al 0 shoul" !e la&,ul 0 shoul" !e la& a!i"in/ Select The Blank Question When the ######## o, contract !eco(es ######## 0 such contract nee" not !e er,or(e" %orrect Ans&er er,or(ance 'our Ans&er er,or(ance %orrect Ans&er i( ossi!le 'our Ans&er i( ossi!le Select The Blank Question ######## Is An) ,ault i( er,ection or shortco(in/ in 8uantit)0 8ualit)0 urit) or stan"ar" to !e ######## !) or un"er an) la& ,or the ti(e !ein/ in ,orce un"er an) contract e; ress or i( lie" is cla %orrect Ans&er De,ects 'our Ans&er

De,ects %orrect Ans&er (aintaine" 'our Ans&er (aintaine" True=False Question Bill o, E;chan/e nee" not !e sta( e" ro ert) %orrect Ans&er True 'our Ans&er False Select The Blank Question A ######## is a %he8ue "ra&n &ith a ######## "ate$ %orrect Ans&er Post6"ate" 'our Ans&er Post6"ate" %orrect Ans&er ,uture 'our Ans&er ,uture Multi le %hoice Multi le Ans&er Question One o, the characteristics o, %o( an) is that it is %orrect Ans&er an arti,icial erson 'our Ans&er national erson 0 an arti,icial erson 0 international erson Multi le %hoice Sin/le Ans&er Question Where a contract o, sale is su!*ect to an) con"ition to !e ,ul,ille" !) the seller0 the !u)er (a) %orrect Ans&er Wai+e the con"ition 'our Ans&er a"" ne& the con"ition True=False Question %o( an) can !e ter(e" as a Bo") %or orate$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question The altere" (e(oran"u( (ust !e ,ile" &ithin %orrect Ans&er three (onths o, the co( an) la& !oar"s or"er 'our Ans&er

one (onth o, the co( an) la& !oar"s or"er Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Partner !) hol"in/6out Partner !) esto el Partner !) esto el Dissolution o, artnershi %o( letion o, +entures %o( letion o, +entures Ri/ht o, a artner To retire To retire Partner is lia!le Loss cause" !) ,rau" Loss cause" !) ,rau" Slee in/ Partner Dor(ant Partner Dor(ant Partner Multi le %hoice Sin/le Ans&er Question an e;a( le o, i( lie" a/enc) is %orrect Ans&er A/enc) !) 9ol"in/6out 'our Ans&er A/enc) !) 9ol"in/6out Multi le %hoice Multi le Ans&er Question %onsent (eans %orrect Ans&er assent o, another 0 assent to su ort a clai( 0 consent o, the o,,eror to the contract 'our Ans&er assent to su ort a clai( 0 consent ,ro( the ele(ents &hich +itiates it 0 consent o, the o,,eror to the contract True=False Question An a/ent "oes not ha+e the ri/ht to enter into contracts &ith thir" arties %orrect Ans&er False 'our Ans&er False Multi le %hoice Multi le Ans&er Question Ne/otia!le Instru(ents reco/ni@e" !) usa/e are %orrect Ans&er 9un"ies 0 S$T$ Recei ts ,or /oo"s 0 Pa) o,, Or"ers 'our Ans&er 9un"ies 0 S$T$ Recei ts ,or /oo"s 0 Postal Or"ers Select The Blank Question

Where a ######## ro(ise is (a"e to a) either cash or (one)Ks &orth ,or an uncertain e+ent0 it is kno&n as ######## contract %orrect Ans&er con"itional 'our Ans&er Wa/erin/ %orrect Ans&er Wa/erin/ 'our Ans&er %ontin/ent True=False Question Stock is a s)non)( use" ,or Shares$ %orrect Ans&er False 'our Ans&er True Multi le %hoice Multi le Ans&er Question A co( an) is a le/al erson &ith a er etual succession %orrect Ans&er it ne+er "ies 0 it can !e ut an en" to onl) !) rocess o, la& 'our Ans&er it ne+er "ies 0 it can !e ut an en" to onl) !) rocess o, la& Select The Blank Question ######## is an in+itation (a"e to the ######## %orrect Ans&er Pros ectus 'our Ans&er Pros ectus %orrect Ans&er u!lic 'our Ans&er u!lic Multi le %hoice Multi le Ans&er at 45CB AM B co((ents Links to this ost La!els5 Business La& LSet 6 IIIM Business Law - 8 LIST OF ATTEMPTED QUESTIONS AND ANSWERS

True=False Question A/ree(ent is "e,ine" as a contract at its ince tion$ %orrect Ans&er True

'our Ans&er True Select The Blank Question ######## is the ######## (etho" o, +otin/ &ith the rule <one share one +ote < %orrect Ans&er oll 'our Ans&er oll %orrect Ans&er ca italistic 'our Ans&er in"i+i"ualise" Multi le %hoice Sin/le Ans&er Question A/enc) can !e create" !) %orrect Ans&er O eration o, la& 'our Ans&er O eration o, la& Multi le %hoice Sin/le Ans&er Question Where the ro ert) in /oo"s sol" has !een asse"0 the un ai" seller has the %orrect Ans&er ri/ht to sto /oo"s in transit 'our Ans&er ri/ht to sto /oo"s in transit True=False Question A (inor (a) "ra&0 en"orse0 "eli+er an" ne/otiate a ne/otia!le instru(ent to !in" other arties e;ce t hi(sel, %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question Dissolution !) the or"er o, the %ourt at the suit o, a artner on certain /roun"s0 &hich inclu"e %orrect Ans&er Will,ul or ersistent !reach o, a/ree(ent !) a artner 'our Ans&er Will,ul or ersistent !reach o, a/ree(ent !) a artner Select The Blank Question The a/enc) can !e ######## At an) ti(e !) ######## a/ree(ent !et&een the rinci al an" his a/ent$ %orrect Ans&er ter(inate" 'our Ans&er in"i+i"ual

%orrect Ans&er (utual 'our Ans&er (utual Multi le %hoice Multi le Ans&er Question The re8uire(ent o, +ali" Me(oran"u( o, Association are that it %orrect Ans&er is to !e si/ne" !) at least se+en ersons in case o, u!lic co( an) 0 is to !e si/ne" !) at least t&o ersons in case o, ri+ate co( an) 'our Ans&er is to !e si/ne" !) at least se+en ersons in case o, u!lic co( an) 0 is to !e si/ne" !) at least t&o ersons in case o, ri+ate co( an) Match The Follo&in/ Question %orrect Ans&er 'our Ans&er An Outsi"er or a stran/er &ho hol"s hi(sel, out or re resents hi(sel, to !e a artner o, the artnershi ,ir( an" in"uces outsi"er to /i+e cre"it to the ,ir( artner !) esto el artner !) esto el A erson &ho !eco(es a artner !) enterin/ into artnershi a/ree(ent A is actual en/a/e" in the con"uct an" (ana/e(ent o, the artnershi !usiness Ostensi!le artner Ostensi!le artner A erson &ho onl) len"s his na(e to the artnershi ,ir( !ut "oes not in+est an) ca ital in the ,ir( nor "oes take an) interest in the a,,airs o, the ,ir( No(inal Partner No(inal Partner When artners a/ree to share the ro,its o, the artnershi ,ir( &ith an) outsi"er0 such An outsi"er is kno&n as Su!6Partner Su!6Partner A artner &hose e;istence in the ,ir( is ke t secret ,ro( the outsi"e &orl" Dor(ant Partner Dor(ant Partner Multi le %hoice Multi le Ans&er Question Follo&in/ are the con"itions nee"e" to ro+e an act o, a artner artnershi ,ir( %orrect Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an" 'our Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an"

is an act o, a (ust !e relate" to the on !ehal, o, the ,ir( (ust !e relate" to the on !ehal, o, the ,ir(

Multi le %hoice Multi le Ans&er Question A consu(er is %orrect Ans&er No(inee un"er a olic) o, li,e insurance 0 A Rail&a) assen/er 0 An e( lo)ee &ho is (e(!er o, E( lo)ees Pro+i"ent Fun" Sche(e 'our Ans&er

No(inee un"er a olic) o, li,e insurance 0 A Rail&a) assen/er 0 An e( lo)ee &ho is (e(!er o, E( lo)ees Pro+i"ent Fun" Sche(e Multi le %hoice Multi le Ans&er Question Follo&in/ are the ele(ents &hich constitute a artnershi %orrect Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons 'our Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons Select The Blank Question A (eetin/ is ######## o, a nu(!er o, ersons ,or ######## a la&,ul !usiness ha+in/ certain ur ose or ur oses %orrect Ans&er an asse(!l) 'our Ans&er an asse(!l) %orrect Ans&er transactin/ 'our Ans&er transactin/ Multi le %hoice Multi le Ans&er Question Follo&in/ are the con"itions to !e ,ul,ille" !e,ore a seller can !e "ee(e" to !e an un ai" seller %orrect Ans&er he (ust ha+e an i((e"iate ri/ht o, action ,or the rice 0 he (ust ha+e sol" /oo"s a/ainst cash an" the rice (ust !e "ue 'our Ans&er he (ust ha+e an i((e"iate ri/ht o, action ,or the rice 0 he (ust ha+e re,use" a)(ent &hen ten"ere" 0 he (ust ha+e sol" /oo"s a/ainst cash an" the rice (ust !e "ue Multi le %hoice Multi le Ans&er Question Follo&in/ are the e;a( les o, statutor) co( anies %orrect Ans&er Reser+e Bank O, In"ia 0 Unit Trust O, In"ia 'our Ans&er Reser+e Bank O, In"ia 0 Unit Trust O, In"ia Multi le %hoice Multi le Ans&er Question Follo&in/ ersons can not !e calle" artners %orrect Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness 'our Ans&er (inors 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness Match The Follo&in/ Question %orrect Ans&er 'our Ans&er

Sale E;chan/e o, /oo"s ,or rice E;chan/e o, /oo"s ,or rice Barter E;chan/e E;chan/e o, /oo"s ,or /oo"s E;chan/e o, /oo"s ,or /oo"s Sale o, ?oo"s Act0 12-B Mo+a!le /oo"s Mo+a!le /oo"s %a+eat E( tor Let the !u)er !e&are Let the !u)er !e&are Quiet ossession I( lie" Warrant) I( lie" Warrant) Multi le %hoice Sin/le Ans&er Question A consu(er has ri/ht to !e assure"0 &here+er ossi!le0 access to ser+ices at %orrect Ans&er co( etiti+e rices 'our Ans&er co( etiti+e rices Multi le %hoice Multi le Ans&er Question Follo&in/ are the characteristics o, artnershi at &ill %orrect Ans&er artners are al&a)s ,ree to !reak their relationshi at their &hi( 0 it is ,or in"e,inite erio" 'our Ans&er artners are al&a)s ,ree to !reak their relationshi at their &hi( 0 it is ,or in"e,inite erio" True=False Question A co((ission a/ent is /enerall) a rinci al %orrect Ans&er True 'our Ans&er True

ointe" ,or sellin/ an" !u)in/ /oo"s on !ehal, o, his

Multi le %hoice Multi le Ans&er Question Trans(ission o, shares takes lace "ue to %orrect Ans&er "eath o, a (e(!er 0 insol+enc) o, a (e(!er 0 lunac) o, a (e(!er 'our Ans&er "eath o, a (e(!er 0 lunac) o, a (e(!er 0 (inorit) o, a (e(!er Multi le %hoice Multi le Ans&er Question In the a!sence o, usa/e or custo( o, tra"e to the contrar)0 the i( lie" authorit) o, a artner "oes not e( o&er hi( to %orrect Ans&er ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to

the ,ir( 'our Ans&er ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 a"(it an) lia!ilit) in a suit or rocee"in/s a/ainst the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( Multi le %hoice Multi le Ans&er Question Follo&in/ are the ersons &ho cannot enter into artnershi ,ir( %orrect Ans&er A Bur(ese Bu""hist hus!an" an" &i,e carr)in/ on !usiness 0 the (e(!ers o, 9in"u Un"i+i"e" Fa(il) carr)in/ on Fa(il) !usiness 'our Ans&er A Bur(ese Bu""hist hus!an" an" &i,e carr)in/ on !usiness 0 the (e(!ers o, 9in"u Un"i+i"e" Fa(il) carr)in/ on Fa(il) !usiness Multi le %hoice Multi le Ans&er Question The (aker0 acce tor or en"orser res ecti+el) o, a ne/otia!le instru(ent is "ischar/e" ,ro( lia!ilit) thereon !) %orrect Ans&er release 0 a)(ent 0 non cancellation 'our Ans&er non6acce tance 0 release 0 a)(ent Multi le %hoice Sin/le Ans&er Question The National %o((ission shall "eci"e the co( laint as ,ar as ossi!le &ithin a erio" o, %orrect Ans&er three (onths ,ro( the "ate o, notice recei+e" !) the o osite art) 'our Ans&er three (onths ,ro( the "ate o, notice recei+e" !) the o osite art) Select The Blank Question When the ######## o, a !ill is J,or collection onl)K the en"orsee cannot !e a ######## %orrect Ans&er En"orse(ent 'our Ans&er En"orse(ent %orrect Ans&er hol"er 'our Ans&er hol"er Select The Blank Question Un6calle" ca ital is the art o, ######## an" ######## ca ital &hich has not !een calle" u $ %orrect Ans&er issue" 'our Ans&er issue" %orrect Ans&er su!scri!e" 'our Ans&er su!scri!e"

True=False Question S ecial Notice an" S ecial Resolution (ean one an" the sa(e$ %orrect Ans&er False 'our Ans&er True Select The Blank Question ######## Tra"e Practice is a tra"e ractice &hich ,or the ur ose o, ro(otin/ a sale0 use or su l) o, an) /oo"s or ,or the ro+ision o, an) ser+ice a"o ts an) ######## ractice$ %orrect Ans&er un,air 'our Ans&er un,air %orrect Ans&er "ece ti+e 'our Ans&er "ece ti+e True=False Question %onsu(er is a erson &ho rocures ser+ice un"er a contract o, ersonal ser+ice %orrect Ans&er False 'our Ans&er True Multi le %hoice Multi le Ans&er Question Pro ert) o, the co( an) is the ro ert) o, %orrect Ans&er Pro(oters !e,ore the e;istence o, the co( an) 0 the co( an) itsel, a,ter its incor oration 'our Ans&er its share6hol"ers 0 Boar" o, Directors 0 Pro(oters !e,ore the e;istence o, the co( an) True=False Question En/lish La& "oes not reco/ni@e For(al %ontract %orrect Ans&er False 'our Ans&er False Select The Blank Question Reser+e" ca ital is the art o, ######## ca ital &hich can onl) !e calle" u at the ti(e o, A ,or the ur ose o, ######## the co( an) %orrect Ans&er uncalle" 'our Ans&er uncalle" %orrect Ans&er &in"in/ u

'our Ans&er &in"in/ u True=False Question The artners nee" not si/n the artnershi "ee"$ %orrect Ans&er False 'our Ans&er False Select The Blank Question When the erson to &ho( the ro osal is (a"e ######## his assent thereto0 the ro osal is sai" to !e ######## %orrect Ans&er Si/ni,ies 'our Ans&er Acce te" %orrect Ans&er Acce te" 'our Ans&er Declare" Multi le %hoice Multi le Ans&er Question ?oo"s inclu"es %orrect Ans&er tra"e (arks 0 /oo" &ill 'our Ans&er actiona!le clai(s 0 (one) Multi le %hoice Multi le Ans&er Question %haracteristics Articles o, Association are %orrect Ans&er it contains rule ,or the internal (ana/e(ent o, the a,,airs o, the co( an) 0 it is su!or"inate to the Me(oran"u( o, Association 'our Ans&er contains o!*ecti+es ,or &hich the co( an) is esta!lishe" 0 it contains rule ,or the internal (ana/e(ent o, the a,,airs o, the co( an) 0 it is su!or"inate to the Me(oran"u( o, Association Select The Blank Question ######## i( lies co((ittin/ or threatenin/ to co((it an) act ######## !) the In"ian Penal %o"e$ %orrect Ans&er %oercion 'our Ans&er %oercion %orrect Ans&er ,or!i""en 'our Ans&er ,or!i""en Select The Blank

Question ######## is an in+itation (a"e to the ######## %orrect Ans&er Pros ectus 'our Ans&er Pros ectus %orrect Ans&er u!lic 'our Ans&er u!lic Multi le %hoice Sin/le Ans&er Question A ,actor is a t) e o, %orrect Ans&er Mercantile A/ent 'our Ans&er Mercantile A/ent True=False Question A/ents actin/ *ointl) an" se+erall) are kno&n as co6a/ents %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question En,orce(ent o, contin/ent contract "e en"s on %orrect Ans&er 9a enin/ or Non6ha enin/ o, the e+ent 'our Ans&er 9a enin/ o, the e+ent Multi le %hoice Sin/le Ans&er Question In a sale0 i, the !u)er !eco(es insol+ent !e,ore he a)s the rice o, the /oo"s urchase"0 the erson &ho can clai( the "eli+er) o, the /oo"s as the ro ert) in /oo"s has !een alrea") trans,erre" as a %orrect Ans&er o,,icial assi/nee or recei+er 'our Ans&er o,,icial assi/nee or recei+er Select The Blank Question When the ######## o, contract !eco(es ######## 0 such contract nee" not !e er,or(e" %orrect Ans&er er,or(ance 'our Ans&er cancellation %orrect Ans&er i( ossi!le 'our Ans&er ossi!le

True=False Question A %he8ue can !e !earer0 Or"er or crosse" %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question Follo&in/ is an i( lie" con"ition$ %orrect Ans&er %on"ition as to sale !) sa( le 'our Ans&er %on"ition as to sale !) sa( le Multi le %hoice Sin/le Ans&er Question Dissolution !) +oluntar) act o, the artners0 &hich inclu"es %orrect Ans&er "issolution !) a/ree(ent 'our Ans&er "issolution !) a/ree(ent at 45-2 AM B co((ents Links to this ost La!els5 Business La& LSet 6 IIIM Business Law - 7 LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multi le %hoice Sin/le Ans&er Question Me(oran"u( o, a u!lic co( an) (ust !e si/ne" !) %orrect Ans&er Se+en ersons 'our Ans&er Se+en ersons Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Unascertaine" /oo"s ?eneric /oo"s ?eneric /oo"s Un ai" seller Ri/ht o, lien on /oo"s Ri/ht o, lien on /oo"s Future /oo"s A/ree(ent to sell A/ree(ent to sell

I"enti,ie" /oo"s Ascertaine" /oo"s Ascertaine" /oo"s Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Fact an" La& The t) es o, <Mistake< The t) es o, <Mistake< An or"er o, the court askin/ a erson to "o or a!stain ,ro( "oin/ a articular act0 &hich is the su!*ect (atter o, the contract In*uction Or"er In*uction Or"er The In"ian %ontract Act0 13>. a lies to &hole o, In"ia e;ce t the state o, Fa((u an" Eash(ir A lica!ilit) Sector 4An a/ree(ent en,orcea!le !) la& %ontract %ontract Select The Blank Question Me(!ers o, a clu! or a societ) are the ######## o, each other$ %orrect Ans&er ,rien"s 'our Ans&er re resentati+es True=False Question There are t&o t) es or kin"s o, ca ital o, a co( an)0 i$e$ o&ne" ca ital an" !orro&e" ca ital$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Multi le Ans&er Question Follo&in/ are the essential o, Un"ue in,luence %orrect Ans&er there (ust !e so(e relationshi !et&een the arties 0 It is (ainl) o, (oral character 'our Ans&er intention to in"uce so(eone to enter into an a/ree(ent 0 threatenin/ to "etain ro ert)0 unla&,ull) Multi le %hoice Multi le Ans&er Question %onsent is ,ree &hen it is not cause" !) %orrect Ans&er Un"ue in,luence 0 Frau" 0 Mistake 'our Ans&er %o( ulsion 0 Un"ue in,luence 0 Frau"

Select The Blank Question A ro osal co(es to an en" !) its ########$ %orrect Ans&er re*ection 'our Ans&er acce tance Multi le %hoice Sin/le Ans&er Question In an a/ree(ent to sell the seller is res onsi!le ,or all the risk o, loss as he is the %orrect Ans&er O&ner 'our Ans&er O&ner Multi le %hoice Multi le Ans&er Question The (o"es o, ter(ination o, a/enc) are %orrect Ans&er B) co( letion o, the a/enc) !usiness 0 B) "eath o, rinci al 0 B) e; ir) o, erio" or ti(e 'our Ans&er B) co( letion o, the a/enc) !usiness 0 B) "eath o, rinci al 0 B) e; ir) o, erio" or ti(e Multi le %hoice Multi le Ans&er Question Frau" (eans an" inclu"es ,ollo&in/ act 6 %orrect Ans&er ro(ise to "ecei+e other art) 0 ro(ise &ithout inten"in/ to er,or( 'our Ans&er ro(ise to "ecei+e other art) 0 concealin/ a ,act !elie+in/ to !e untrue 0 ro(ise &ithout inten"in/ to er,or( Multi le %hoice Multi le Ans&er Question There can not !e an) artnershi &here a !usiness is carrie" on %orrect Ans&er &ith a !ene+olent ur ose 0 &here an) one o, the artners is entitle" to total ro,it earne" 'our Ans&er &ith a !ene+olent ur ose 0 &here an) one o, the artners is entitle" to total ro,it earne" True=False Question The co( an) la& !oar" con,ir(s the chan/e o, re/istere" o,,ice o, the co( an) &ithin a state %orrect Ans&er False 'our Ans&er True Multi le %hoice Multi le Ans&er Question Articles o, Association contains %orrect Ans&er Re/ulations o, the co( an) 0 Internal a,,airs o, the co( an) 0 %on"uct o, co( an)7s

!usiness 'our Ans&er Internal a,,airs o, the co( an) 0 %on"uct o, co( an)7s !usiness Select The Blank Question Un ai" seller7s ri/ht to sto the /oo"s in transit arises onl) &hen the !u)er is ######## %orrect Ans&er Bankru t 'our Ans&er Bankru t Multi le %hoice Multi le Ans&er Question An unre/istere" ,ir( can !rin/ an action in cri(inal court a/ainst %orrect Ans&er A artner &ho steals the ro ert) o, the artnershi ,ir( 0 A artner &ho ur osel) "a(a/es the ro ert) o, the artnershi ,ir( 'our Ans&er A artner &ho &ron/,ul "eals &ith the assets o, the ,ir( 0 A artner &ho uses the ,ir( na(e ,or /ainin/ ersonal ro,its True=False Question A sale is an e;ecute" contract &hereas an a/ree(ent to sell is an e;ecutor) contract$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Multi le Ans&er Question In the a!sence o, usa/e or custo( o, tra"e to the contrar)0 the i( lie" authorit) o, a artner "oes not e( o&er hi( to %orrect Ans&er ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( 'our Ans&er ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( Multi le %hoice Sin/le Ans&er Question Where the trans,er o, ro ert) in the /oo"s is to take lace at a ,uture ti(e it is calle" %orrect Ans&er A/ree(ent to sell 'our Ans&er A/ree(ent to sell Multi le %hoice Sin/le Ans&er Question A consu(er has the ri/ht to !e assure"0 &here+er ossi!le0 access to ser+ices at %orrect Ans&er %o( etiti+e rices 'our Ans&er %o( etiti+e rices

True=False Question An a/ree(ent to sell takes lace in the case o, e;istin/ /oo"s or s eci,ic /oo"s$ %orrect Ans&er False 'our Ans&er False True=False Question Rail&a) or S$T$ Recei ts0 Di+i"en"0 Warrants0 Rail&a) Bon"s are not Ne/otia!le Instru(ent$ %orrect Ans&er False 'our Ans&er True Multi le %hoice Multi le Ans&er Question In the a!sence o, usa/e or custo( o, tra"e to the contrar)0 the i( lie" authorit) o, a artner "oes not e( o&er hi( to %orrect Ans&er Ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( 'our Ans&er Ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( Select The Blank Question 9ol"in/ out (eans ######## lea"in/ another erson to !elie+e in so(ethin/$ %orrect Ans&er ,alsel) 'our Ans&er ro erl) True=False Question Directors o, a ri+ate co( an) nee" to ,ile their consent &ith the re/istrar to act as "irector or si/n an un"ertakin/$ %orrect Ans&er False 'our Ans&er True Multi le %hoice Multi le Ans&er Question Follo&in/ ersons can not !e calle" artners %orrect Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness 'our Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness Multi le %hoice Multi le Ans&er Question The (e(oran"u( o, e+er) co( an) shall state %orrect Ans&er

The na(e o, the co( an) 0 The re/istere" o,,ice 0 The (ain o!*ects 'our Ans&er The na(e o, the co( an) 0 The re/istere" o,,ice 0 The (ain o!*ects Multi le %hoice Multi le Ans&er Question In the a!sence o, usa/e or custo( o, tra"e to the contrar)0 the i( lie" authorit) o, a artner "oes not e( o&er hi( to %orrect Ans&er A"(it an) lia!ilit) in a suit or rocee"in/s a/ainst the ,ir( 0 Trans,er (o+a!le ro ert) !elon/in/ to the ,ir( 0 With"ra& a suit or rocee"in/ ,ile" on !ehal, o, the ,ir( 'our Ans&er Ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 Trans,er (o+a!le ro ert) !elon/in/ to the ,ir( True=False Question Partnershi is nothin/ !ut a s)cholo/ical relationshi e;istin/ !et&een the artners$ %orrect Ans&er False 'our Ans&er False True=False Question Section 1B o, the In"ian %ontract Act0 13>. a %orrect Ans&er True 'our Ans&er False

lies to contract o, sale$

Multi le %hoice Multi le Ans&er Question The co( anies ha+in/ Articles are %orrect Ans&er Unli(ite" %o( an) 0 %o( an) li(ite" !) /uarantee 0 %o( an) li(ite" !) shares 'our Ans&er Pu!lic Li(ite" %o( an) 0 %o( an) li(ite" !) /uarantee Multi le %hoice Multi le Ans&er Question The +er) i( ortant sta/es in the connection o, ,or(ation o, a co( an) are %orrect Ans&er Pro(otion 0 Re/istration 0 Floatation 'our Ans&er Pro(otion 0 Re/istration 0 Floatation Multi le %hoice Multi le Ans&er Question Follo&in/ are the con"itions nee"e" to ro+e an act o, a artner artnershi ,ir( %orrect Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an" 'our Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an"

is an act o, a (ust !e relate" to the on !ehal, o, the ,ir( (ust !e relate" to the on !ehal, o, the ,ir(

Select The Blank Question The re/istration ,o artnershi ,ir( is ########$ %orrect Ans&er not co( ulsor) 'our Ans&er not co( ulsor) Multi le %hoice Multi le Ans&er Question There &as a contract ,or sale o, /oo"s$ Deli+er) &as to !e /i+en in octo!er$ O&in/ to a strike in the ort o, loa"in/0 the /oo"s &ere not shi e" until No+e(!er$ The !u)ers are entitle" to %orrect Ans&er Re u"iate the contract 0 Recin" the contract 'our Ans&er Mo"i,) the contract Multi le %hoice Sin/le Ans&er Question A ro oses !) a letter sent !) ost to sell a house to B at certain rice0 B acce ts A7s ro osal 6 The co((unication o, the acce tance is co( lete as a/ainst B$ %orrect Ans&er &hen letter is recei+e" !) A 'our Ans&er &hen letter is recei+e" !) A True=False Question %o ies o, (e(oran"u( an" articles shall not !e /i+en to (e(!ers$ %orrect Ans&er False 'our Ans&er True Multi le %hoice Sin/le Ans&er Question E+er) co( an) (ust ha+e %orrect Ans&er A S eci,ic na(e 'our Ans&er A S eci,ic na(e Multi le %hoice Multi le Ans&er Question A co( an) (a)0 !) s ecial resolution0 alter the ro+isions o, its (e(oran"u( so as to chan/e the o!*ects o, the co( an) so ,ar as (a) !e re8uire" to ena!le it %orrect Ans&er %arr) on its !usiness (ore econo(icall) 0 A(al/a(ate &ith an) other co( an) 0 Attain its (ain ur ose !) ne& or i( ro+e" (eans 'our Ans&er To a(en" con"itions e; ressl) ro+i"e" in other Acts 0 A(al/a(ate &ith an) other co( an) 0 Attain its (ain ur ose !) ne& or i( ro+e" (eans Select The Blank Question

Un"er ######## in,luence the "o(inant art) (a) hol" a real authorit) o+er the other art)$ %orrect Ans&er un"ue 'our Ans&er un"ue Multi le %hoice Sin/le Ans&er Question The ca acit) to contract &ith an a/ent is the art o, the la& o, %orrect Ans&er statute 'our Ans&er a/enc) Select The Blank Question Earta o, Foint69in"u ,a(il) is ######## o, his ,a(il)$ %orrect Ans&er re resentati+e 'our Ans&er re resentati+e Multi le %hoice Sin/le Ans&er Question A !reach o, a con"ition (a) !e treate" as !reach o, %orrect Ans&er Warrant) 'our Ans&er Warrant) Multi le %hoice Multi le Ans&er Question Follo&in/ are the ele(ents &hich constitute a artnershi %orrect Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons 'our Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons Multi le %hoice Sin/le Ans&er Question Mr$ Manik a oints Mr$ Na+een as his a/ent to sell the /oo"s at Rs$1B0BBB=6 on his !ehal,$ Mr$ Na+een sells the /oo"s ,or Rs$1.0BBB=6 &ho is lia!le to account ,or it to %orrect Ans&er Mr$ Na+een 'our Ans&er Mr$ Manik hi(sel, Select The Blank Question The ######## o, 1234 is !asicall) asse" to rotect the interest o, the consu(er$ %orrect Ans&er %onsu(er Protection Act 'our Ans&er %onsu(er Protection Act

Select The Blank Question A co( an) is a ######## co( an) i, the hol"in/ co( an) controls the (a*orit) co( osition o, its !oar" o, "irectors$ %orrect Ans&er su!si"iar) 'our Ans&er su!si"iar)

Business Law - 12 LIST OF ATTEMPTED QUESTIONS AND ANSWERS True=False Question Partnershi is nothin/ !ut a s)cholo/ical relationshi e;istin/ !et&een the artners$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Multi le Ans&er Question A/ent has "uties to&ar"s rinci al in a""ition to 56 %orrect Ans&er %on"uctin/ rinci al7s !usiness 0 Ren"erin/ accounts to rinci al 0 %o((unicatin/ &ith the rinci al 'our Ans&er %on"uctin/ rinci al7s !usiness 0 Ren"erin/ accounts to rinci al 0 %o((unicatin/ &ith the rinci al Multi le %hoice Sin/le Ans&er Question Partnershi at &ill can !e "issol+e" !) an) artner !) 56 %orrect Ans&er ?i+in/ "ue notice to that e,,ect to all other artners 'our Ans&er ?i+in/ "ue notice to that e,,ect to all other artners Multi le %hoice Sin/le Ans&er Question The re/istrar issues the letter o, a %orrect Ans&er Na(e o, the co( an) 'our Ans&er Na(e o, the co( an)

ro+al to a

ro+e the 56

Select The Blank Question I, an) ######## is resent &hile ,or(in/ the a/enc) then the relationshi o, a/enc) !eco(es contractual$ %orrect Ans&er %onsi"eration 'our Ans&er %onsi"eration Select The Blank Question Future consi"eration is also kno&n as ######## consi"eration$ %orrect Ans&er E;ecutor) 'our Ans&er Foresee

Multi le %hoice Multi le Ans&er Question The Articles o, Association contains the 56 %orrect Ans&er Rules 0 Re/ulations 0 B)e6la&s 'our Ans&er Rules 0 Re/ulations True=False Question The ter( !usiness inclu"es e+er) la&,ul tra"e0 occu ation an" ro,ession$ %orrect Ans&er True 'our Ans&er True True=False Question <I ro(ise to a) Mr$ Luies or Or"er Rs$10DBB=6< is a ro(issor) note$ %orrect Ans&er True 'our Ans&er False Select The Blank Question The contract o, a/enc) !et&een the rinci al an" his a/ent is ########$ %orrect Ans&er En,orcea!le 'our Ans&er :oi"a!le Multi le %hoice Multi le Ans&er Question Accor"in/ to Rule - o, the %onsu(er rotection rules0 the %entral %ouncil consists o, the ,ollo&in/ (e(!ers 56 %orrect Ans&er Minister in6char/e o, the "e art(ent o, ho(e 0 Minister in6char/e o, "e art(ent o, %o((erce an" In"ustr) 0 Minister in6char/e consu(er a,,airs in states 'our Ans&er Minister in6char/e o, "e art(ent o, %o((erce an" In"ustr) 0 Minister in6 char/e o, "e art(ent o, ci+il su lies 0 Minister in6char/e consu(er a,,airs in states Select The Blank Question 9ol"in/ out (eans ######## lea"in/ another erson to !elie+e in so(ethin/$ %orrect Ans&er Falsel) 'our Ans&er Pro erl) Select The Blank Question Earta o, Foint69in"u ,a(il) is ######## o, his ,a(il)$ %orrect Ans&er Re resentati+e 'our Ans&er O&ner Multi le %hoice Sin/le Ans&er Question For the ,or(ation o, the contract o, sale o, /oo"s0 there shoul" !e 56 %orrect Ans&er T&o arties 'our Ans&er T&o arties True=False Question Un"er rati,ication0 rinci al nee" not e;ist at the ti(e o, rati,)in/ the act o, the a/ent$ %orrect Ans&er False 'our Ans&er False

Select The Blank Question A +ali" ten"er o, er,or(ance shoul" !e ########$ %orrect Ans&er Uncon"itional 'our Ans&er Uncon"itional Multi le %hoice Sin/le Ans&er Question A artner o, a tra"in/ or non tra"in/ ,ir( si/ns a Ne/otia!le Instru(ent0 lia!ilit) incurs in 56 %orrect Ans&er The na(e o, the ,ir( 'our Ans&er The na(e o, the ,ir( Multi le %hoice Multi le Ans&er Question The co((unication o, acce tance o, an o,,er shoul" !e (a"e to the 56 %orrect Ans&er O,,eror 0 Persons authori@e" !) the o,,eror 'our Ans&er O,,eror 0 O,,eree 0 Persons authori@e" !) the o,,eror Multi le %hoice Multi le Ans&er Question Furis"ictions o, the National %o((ission are 56 %orrect Ans&er Monetar) 0 A ellate 0 Su er+isor) an" Re+isional 'our Ans&er A ellate 0 Su er+isor) an" Re+isional 0 Monetar) Multi le %hoice Sin/le Ans&er Question The /oo"s0 &hich are o&ne" an" ossesse" !) the seller at the ti(e o, sale0 are kno&n as 56 %orrect Ans&er E;istin/ /oo"s=S eci,ic /oo"s 'our Ans&er E;istin/ /oo"s=S eci,ic /oo"s Select The Blank Question The o!*ect o, the %onsu(er Protection Act o, 1234 is to e"ucate the eo le so that the) can ,in" out ######## ,or their /rie+ances %orrect Ans&er Le/al re(e"ies 'our Ans&er Le/al re(e"ies Select The Blank Question An a/ree(ent o, a/enc) (ust (ake clear the ######## o, a erson to act on !ehal, o, another erson$ %orrect Ans&er Intention 'our Ans&er %ontract Select The Blank Question The resu( tions lai" !) Sec$113 A 112 o, Ne/otia!le Instru(ent Act "o not arise &here ne/otia!le instru(ent is o!taine" !) ########$ %orrect Ans&er Frau"=Deceit 'our Ans&er La&,ul %onsi"erations Match The Follo&in/ Question %orrect Ans&er 'our Ans&er

A co( an) ha+in/ control o+er a su!si"iar) co( an) 9ol"in/ co( an) Articles o, Association %onstitution an" o!*ects o, the co( an) Me(oran"u( E;istin/ co( an) ?o+ern the internal a,,airs o, the co( an) Articles o, Association Me(oran"u( Docu(ent inclu"es an) notice0 circulation0 a"+ertise(ent etc$ Pros ectus Pros ectus

Select The Blank Question Dissolution o, artnershi in+ol+es a chan/e in ######## o, artners$ %orrect Ans&er Relationshi 'our Ans&er Relationshi Multi le %hoice Multi le Ans&er Question Accor"in/ to the %onsu(er Protection Act0 12340 a erson inclu"es 56 %orrect Ans&er 9in"u un"i+i"e" ,a(il) 0 %o6o erati+e societ) 0 In"i+i"ual as &ell as *uristic erson 'our Ans&er 9in"u un"i+i"e" ,a(il) 0 %o6o erati+e societ) Multi le %hoice Sin/le Ans&er Question The la& relatin/ to sale o, (o+a!le /oo"s is containe" in the 56 %orrect Ans&er The Sale o, ?oo"s Act0 12-B 'our Ans&er The Sale o, ?oo"s Act0 12-B True=False Question The Re/istrar shall re/ister the altere" (e(oran"u( an" certi,) the re/istration un"er his han" &ithin one (onth ,ro( the "ate o, ,ilin/ such "ocu(ents$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Multi le Ans&er Question Follo&in/ are the essentials o, +ali" acce tance 56 %orrect Ans&er Acce tance (ust !e 8uali,ie" 0 Acce tance (ust !e co((unicate" to the o,,eror 'our Ans&er Acce tance can rece"e an o,,er 0 Acce tance can !e co((unicate" at an) ti(e True=False Question Minor "o not ha+e the ri/ht o, access to an" to ins ect an" co ) an) o, the !ooks o, the ,ir($ %orrect Ans&er True 'our Ans&er True Multi le %hoice Multi le Ans&er Question %oercion (eans an" inclu"es 56 %orrect Ans&er An) act ,or!i""en !) the In"ian Penal %o"e 0 An) threatenin/ to co((it ille/al act

'our Ans&er An) act ,or!i""en !) the In"ian Penal %o"e 0 An) threatenin/ to co((it ille/al act 0 Act ,or!i""en !) an) la& Multi le %hoice Multi le Ans&er Question An unre/istere" ,ir( can !rin/ an action in cri(inal court a/ainst 56 %orrect Ans&er A artner &ho steals the ro ert) o, the artnershi ,ir( 0 A artner &ho ur osel) "a(a/es the ro ert) o, the artnershi ,ir( 'our Ans&er A artner &ho steals the ro ert) o, the artnershi ,ir( 0 A artner &ho &ron/,ul "eals &ith the assets o, the ,ir( 0 A artner &ho uses the ,ir( na(e ,or /ainin/ ersonal ro,its True=False Question E; ress or i( lie" authorit) is con,erre" on the a/ent !) the rinci al$ %orrect Ans&er True 'our Ans&er True Match The Follo&in/ Question %orrect Ans&er 'our Ans&er %o( laint o, %onsu(er An) alle/ation in &ritin/ %o( laint o, cri(inal Tra"e in relation to an) /oo"s Who "istri!utes /oo"s Who "istri!utes /oo"s Manu,acturer Who (akes an) /oo"s Who (akes an) /oo"s %onsu(er Dis ute Dis ute !et&een consu(er an" (anu,acturer or tra"er Dis ute !et&een consu(er an" (anu,acturer or tra"er

Multi le %hoice Sin/le Ans&er Question So(eti(es contracts are entere" into on !ehal, o, the co( an) !e,ore its incor oration0 such re6incor oration contracts are 56 %orrect Ans&er Bin"in/ 'our Ans&er Entere" Multi le %hoice Multi le Ans&er Question Pro(issor) note (ust !e in 56 %orrect Ans&er In &ritin/ 0 De,inite 0 Uncon"itional 'our Ans&er In &ritin/ 0 De,inite 0 Uncertain Multi le %hoice Sin/le Ans&er Question Which o, the ,ollo&in/ is not a (o"e o, re+ocation o, ro osal I %orrect Ans&er B) ro(otin/ the contract 'our Ans&er B) acce tor /oin/ !ankru t Multi le %hoice Multi le Ans&er Question The or"er o, the %o((ission can !e set asi"e !) 56 %orrect Ans&er The Su re(e %ourt 0 The National %o((ission 'our Ans&er State %ouncil District Foru( 0 %entral %ouncil

Multi le %hoice Sin/le Ans&er Question Merel) !) reasons o, an) "e,ect in the constitution o, the council0 no rocee"in/s o, the central council shall !e 56 %orrect Ans&er In+ali" 'our Ans&er :ali" Multi le %hoice Sin/le Ans&er Question The hol"er o, the Ne/otia!le Instru(ent has a ri/ht to sue in his 56 %orrect Ans&er O&n na(e 'our Ans&er O&n na(e True=False Question The 9ol"er in "ue course has the ri/ht to sue on the Ne/otia!le Instru(ent in his o&n na(e ,or reco+erin/ the a(ount$ %orrect Ans&er True 'our Ans&er True True=False Question Rail&a) or S$T$ Recei ts0 Di+i"en"0 Warrants0 Rail&a) Bon"s are not Ne/otia!le Instru(ent$ %orrect Ans&er False 'our Ans&er True Multi le %hoice Multi le Ans&er Question A/ree(ent is a contract +oi"a!le at the o tion o, the art) to an a/ree(ent to (ake a (istake as to 56 %orrect Ans&er The a/ree(ent 0 The contract su!*ect to a s eci,ic con"itions 0 The su!*ect (atter o, the thin/ 'our Ans&er The contract su!*ect to a s eci,ic con"itions 0 The su!*ect (atter o, the thin/ 0 The su!stance o, the thin/ &hich is su!*ect (atter o, the a/ree(ent Multi le %hoice Sin/le Ans&er Question The ca acit) to contract &ith an a/ent is the art o, the la& o, 56 %orrect Ans&er Statute 'our Ans&er Statute Select The Blank Question A ######## artner is like an un"isclose" rinci al$ %orrect Ans&er Slee in/ 'our Ans&er D)na(ic Multi le %hoice Sin/le Ans&er Question A co( an) &hich is not a ri+ate co( an) is 56 %orrect Ans&er Pu!lic co( an) 'our Ans&er Li(ite" !) /uarantee True=False

Question The co( an) la& !oar" (a)0 at an) ti(e0 !) or"er0 e;ten" the ti(e ,or the ,ilin/ o, "ocu(ents$ %orrect Ans&er True 'our Ans&er True at -5-D AM B co((ents Links to this ost La!els5 Business La& LSet 6 I:M Friday, u!us" 22, 2008

Business Law - 11 LIST OF ATTEMPTED QUESTIONS AND ANSWERS

True=False Question The relation !et&een a "octor an" his atient is not ,i"uciar) in nature$ %orrect Ans&er False 'our Ans&er True Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Barter s)ste( E;chan/e o, /oo"s ,or /oo"s E;chan/e o, /oo"s ,or /oo"s Sale o, /oo"s Act0 12-B Mo+a!le /oo"s Mo+a!le /oo"s %a+eat e( tor Let the !u)er !e&are Let the !u)er !e&are Sale E;chan/e o, /oo"s ,or rice E;chan/e o, /oo"s ,or rice Multi le %hoice Sin/le Ans&er Question Mr$ Re" an" Mr$ White re/ister their co( an) as a ri+ate co( an) &ith a share ca ital o, Rs$ >0 BB0BBB=6 "i+i"e" into >B0BBB shares o, Rs$1B=6 each$ Mr$ White hol"s 420222 shares &hile Mr$ Re" hol"s onl) 1 share$ This is a 56 %orrect Ans&er One (an co( an) 'our Ans&er One (an co( an) Multi le %hoice Sin/le Ans&er Question I, an) (e(!er o, the %entral %ouncil &ants to resi/n ,ro( the %entral %ouncil0 he (a) "o so !) a letter a""resse" to the 56

%orrect Ans&er %hair(an 'our Ans&er Presi"ent Multi le %hoice Multi le Ans&er Question %oercion (eans an" inclu"es 56 %orrect Ans&er An) act ,or!i""en !) the In"ian Penal %o"e 0 An) threatenin/ to co((it ille/al act 'our Ans&er An) act ,or!i""en !) the In"ian Penal %o"e 0 An) threatenin/ to co((it ille/al act 0 Act ,or!i""en !) an) la& Multi le %hoice Multi le Ans&er Question Follo&in/ ersons can not !e calle" artners %orrect Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness 'our Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness Multi le %hoice Multi le Ans&er Question The rinci al (ust /i+e co( ensation to his a/ent in res ect o, in*ur) cause" to an a/ent !) the 56 %orrect Ans&er Princi al7s ne/lect 0 Princi al7s &ant to skill 0 Princi al7s &ant to kno&le"/e 'our Ans&er Princi al7s ne/lect 0 Princi al7s &ant to skill 0 Princi al7s &ant to kno&le"/e Multi le %hoice Sin/le Ans&er Question A che8ue is "ishonoure" !) 56 %orrect Ans&er Non a)(ent onl) 'our Ans&er Non securit) onl) Multi le %hoice Multi le Ans&er Question Docu(ents to !e resente" ,or the re/istration o, a co( an) &ith the re/istrar are 56 %orrect Ans&er The (e(oran"u( o, the co( an) 0 Its articles 0 The a/ree(ent0 i, an) 'our Ans&er The (e(oran"u( o, the co( an) 0 Its articles 0 The a/ree(ent0 i, an) Select The Blank Question Past consi"eration is one &hich is &holl) su,,ere" !) the ######## e+en !e,ore (akin/ o, the a/ree(ent$ %orrect Ans&er Pro(isee 'our Ans&er Pro(isor True=False

Question The social or the "o(estic contracts are e;clu"e" ,ro( the ur+ie& o, the In"ian %ontract Act0 13>.$ %orrect Ans&er True 'our Ans&er False Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Minor Partner A"(itte" ,or ro,its onl) A"(itte" ,or ro,its onl) Dissolution o, a Partnershi Death or Insanit) o, the artners Death or Insanit) o, the artners Fir( Partners Partners Partner A/ents o, the ,ir( A/ents o, the ,ir( Partnershi %an !e ,or(e" at Will %an !e ,or(e" at Will True=False Question Persons &ho ha+e entere" into artnershi &ith one another are calle" in"i+i"uall) artners an" the) are collecti+el) <a ,ir(<$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Multi le Ans&er Question An unre/istere" ,ir( can institute a suit a/ainst %orrect Ans&er &ron/,ul use o, the tra"e (ark 0 &ron/,ul use o, the ,ir( na(e 'our Ans&er &ron/,ul use o, the tra"e (ark 0 &ron/,ul use o, the ,ir( na(e Multi le %hoice Multi le Ans&er Question Follo&in/ are the ele(ents &hich constitute a artnershi %orrect Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons 'our Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons Multi le %hoice Multi le Ans&er Question

There can not !e an) artnershi &here a !usiness is carrie" on %orrect Ans&er &ith a !ene+olent ur ose 0 &here an) one o, the artners is entitle" to total ro,it earne" 'our Ans&er &ith a !ene+olent ur ose 0 &here an) one o, the artners is entitle" to total ro,it earne" True=False Question An auctioneer has ,ull authorit) to sell the /oo"s o, his rinci al !) ri+ate contracts$ %orrect Ans&er False 'our Ans&er True Select The Blank Question Notice o, "issolution o, ,ir( (ust !e ########$ %orrect Ans&er E; licit 'our Ans&er I( licit Multi le %hoice Multi le Ans&er Question Pro(issor) note (ust !e in 56 %orrect Ans&er In &ritin/ 0 De,inite 0 Uncon"itional 'our Ans&er In &ritin/ 0 De,inite Multi le %hoice Multi le Ans&er Question An unre/istere" ,ir( can !rin/ an action %orrect Ans&er a artner &ho steals the ro ert) o, the "a(a/es the ro ert) o, the artnershi 'our Ans&er a artner &ho steals the ro ert) o, the "a(a/es the ro ert) o, the artnershi /ainin/ ersonal ro,its

in an) court o, La& a/ainst artnershi ,ir( 0 a artner &ho ur osel) ,ir( artnershi ,ir( 0 a artner &ho ur osel) ,ir( 0 a artner &ho uses the ,ir( na(e ,or

True=False Question Mental acce tance a(ounts to an acce tance$ %orrect Ans&er False 'our Ans&er True Multi le %hoice Sin/le Ans&er Question A cooler &as urchase" not ,or his o&n use0 !ut it &as installe" at a !us6stan" ,or the use o, u!lic ,ree o, char/e$ it &as hel" that the urchaser &as a consu(er !ecause 56 %orrect Ans&er There &as no co((ercial ur ose

'our Ans&er There &as no co((ercial ur ose Multi le %hoice Multi le Ans&er Question In the a!sence o, usa/e or custo( o, tra"e to the contrar)0 the i( lie" authorit) o, a artner "oes not e( o&er hi( to %orrect Ans&er ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( 'our Ans&er ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 a"(it an) lia!ilit) in a suit or rocee"in/s a/ainst the ,ir( 0 &ith"ra& a suit or rocee"in/ ,ile" on !ehal, o, the ,ir( Multi le %hoice Multi le Ans&er Question In the a!sence o, usa/e or custo( o, tra"e to the contrar)0 the i( lie" authorit) o, a artner "oes not e( o&er hi( to %orrect Ans&er Ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( 'our Ans&er Ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 a"(it an) lia!ilit) in a suit or rocee"in/s a/ainst the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( Multi le %hoice Multi le Ans&er Question %ertain e,,ects o, the insol+enc) o, a artner are as ,ollo&s 56 %orrect Ans&er An insol+ent artner ceases to !e a artner 0 The artnershi ,ir( "issol+e on the insol+enc) o, an) artner 'our Ans&er An insol+ent artner ceases to !e a artner 0 The artnershi ,ir( "issol+e on the insol+enc) o, an) artner 0 Fir( is hel" lia!le ,or an) acts o, insol+ent a,ter the a"*u"ication Multi le %hoice Multi le Ans&er Question Follo&in/ are the a/encies o, a three tier s)ste( o, consu(er "is utes re"ressal a/encies 56 %orrect Ans&er State co((ission 0 National co((ission 0 District Foru( 'our Ans&er State co((ission 0 National co((ission 0 District Foru( Select The Blank Question In or"er to !eco(e a hol"er0 a erson (ust ossess the instru(ent un"er so(e ######## title$ %orrect Ans&er La&,ul 'our Ans&er La&,ul True=False Question Unen,orcea!le a/ree(ents an" ille/al a/ree(ents (ean one an" the sa(e thin/$

%orrect Ans&er False 'our Ans&er False Multi le %hoice Sin/le Ans&er Question A ri+ate co( an) can !e re/istere" &ith a ai"6u ca ital o, Rs$ 56 %orrect Ans&er One lakh 'our Ans&er One lakh Select The Blank Question The ######## o, 1234 is !asicall) asse" to rotect the interest o, the consu(er$ %orrect Ans&er %onsu(er Protection Act 'our Ans&er %onsu(er Protection Act Multi le %hoice Sin/le Ans&er Question In case o, a u!lic li(ite" co( an)0 the (a;i(u( nu(!er has no li(it0 !ut the (ini(u( is ,i;e" at 56 %orrect Ans&er > 'our Ans&er > Multi le %hoice Multi le Ans&er Question A sale can !e in case o, 56 %orrect Ans&er S eci,ic /oo"s 0 E;istin/ /oo"s 'our Ans&er Future /oo"s 0 E;istin/ /oo"s 0 %ontin/ent True=False Question An a/ree(ent shoul" !e certain an" una(!i/uous$ %orrect Ans&er True 'our Ans&er True True=False Question A tra"er is a (i""le(an !rin/in/ the !u)er an" seller to/ether an" recei+in/ an) co((ission ,or ser+ices ren"ere" !) hi($ %orrect Ans&er False 'our Ans&er True Select The Blank Question

The Articles o, Association controls ######## o erations o, the co( an)$ %orrect Ans&er Internal 'our Ans&er Internal Multi le %hoice Multi le Ans&er Question A erson is "ee(e" to !e "o(inate" the &ill o, another i, 56 %orrect Ans&er A real or a arent authorit) o+er the( 0 9e stan"s in a ,i"uciar) relation to other 'our Ans&er So(e authorit) is hel" o+er the other art) 0 A real or a arent authorit) o+er the( 0 9e stan"s in a ,i"uciar) relation to other Select The Blank Question Issue" ca ital can !e "e,ine" as the ######## o, shares &hich are o,,ere" to the u!lic ,or su!scri tion$ %orrect Ans&er No(inal +alue 'our Ans&er No(inal +alue Select The Blank Question There are certain relations0 &hich are not create" !) contracts !ut are u hel" !) la&0 &hich are kno&n as ######## contracts$ %orrect Ans&er Quasi 'our Ans&er %ontin/ent Multi le %hoice Multi le Ans&er Question Follo&in/ are the con"itions nee"e" to ro+e an act o, a artner artnershi ,ir( %orrect Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an" 'our Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an"

is an act o, a (ust !e relate" to the on !ehal, o, the ,ir( (ust !e relate" to the on !ehal, o, the ,ir(

Select The Blank Question E+er) ro(ise an" e+er) set o, ro(ises0 ,or(in/ the consi"eration ,or each other0 is ########$ %orrect Ans&er An a/ree(ent 'our Ans&er An a/ree(ent Multi le %hoice Sin/le Ans&er Question In the Bill o, E;chan/e0 the erson &ho is or"ere" to a) is calle" as 56 %orrect Ans&er

Dra&ee 'our Ans&er Dra&ee Select The Blank Question The essential oint a!out an a/ent7s osition is his ######## o, (akin/ his rinci al ans&era!le to thir" arties$ %orrect Ans&er Authorit) 'our Ans&er %onsent Multi le %hoice Sin/le Ans&er Question In contract o, sale the !u)er !eco(es 56 %orrect Ans&er A!solute o&ner o, the ro ert) 'our Ans&er A!solute o&ner o, the ro ert) Select The Blank Question An a/ree(ent o, a/enc) (ust (ake clear the ######## o, a erson to act on !ehal, o, another erson$ %orrect Ans&er Intention 'our Ans&er %ontract Multi le %hoice Sin/le Ans&er Question Durin/ the &ar0 all the (e(!ers o, a ri+ate co( an) &ere kille" &hile the) &ere in /eneral (eetin/ in a !o(! attack$ The 8uestions is &hether the co( an) &ill 56 %orrect Ans&er Sur+i+e 'our Ans&er Sur+i+e Multi le %hoice Sin/le Ans&er Question Quasi %ontract rests on the /roun" o, 56 %orrect Ans&er E8uit) 'our Ans&er E8uit) True=False Question Me(oran"u( o, a co( an) is a ri(ar) an" su re(e "ocu(ent o, the co( an)$ %orrect Ans&er True 'our Ans&er True at 45BC AM B co((ents Links to this ost

La!els5 Business La& LSet 6 I:M Business Law - 10 LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multi le %hoice Multi le Ans&er Question There is al&a)s a "irect ri+it) o, contract !et&een the rinci al an" the ,ollo&in/ %orrect Ans&er su!stitute" a/ent 0 co6a/ent 0 /eneral a/ent 'our Ans&er su!stitute" a/ent 0 co6a/ent 0 /eneral a/ent True=False Question Sections 1 to >D o, the In"ian %ontract Act0 13>. ro+i"es ,or the s ecial contracts$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Sin/le Ans&er Question For the e;istence o, a artnershi there (ust !e an association o, %orrect Ans&er T&o or (ore ersons 'our Ans&er T&o or (ore ersons True=False Question The co( an) cannot e;cee" the o&ers con,erre" on it !) its (e(oran"u( %orrect Ans&er True 'our Ans&er True Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Minor Partner A"(itte" ,or ro,its onl) A"(itte" ,or ro,its onl) Dissolution o, a Partnershi Death or Insanit) o, the artners Death or Insanit) o, the artners Fir( Partners Partners Partner A/ents o, the ,ir( A/ents o, the ,ir( Partnershi

%an !e ,or(e" at Will %an !e ,or(e" at Will Multi le %hoice Sin/le Ans&er Question A co( an) &hich has a control o+er a su!si"iar) co( an) is a %orrect Ans&er 9ol"in/ co( an) 'our Ans&er 9ol"in/ co( an) Multi le %hoice Sin/le Ans&er Question A %o( an)0 &hen re/istere" &ith li(ite" lia!ilit) un"er the %o( anies Act 12D40 shall !e "ee(e" to !e a co( an) %orrect Ans&er Li(ite" !) shares 'our Ans&er Li(ite" !) shares Multi le %hoice Multi le Ans&er Question Follo&in/ are the ele(ents &hich constitute a artnershi %orrect Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons 'our Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 the (ain o!*ect o, carr) on the !usiness (ust !e sharin/ o, lia!ilities 0 there (ust !e an association o, t&o or (ore ersons Multi le %hoice Sin/le Ans&er Question Accor"in/ to the %onsu(er Protection Act o, 12340 /oo"s (eans as "e,ine" un"er %orrect Ans&er Sale o, ?oo"s Act0 12-B 'our Ans&er Sale o, ?oo"s Act0 12-B Multi le %hoice Multi le Ans&er Question Presu( tions "o not arise &here an instru(ent is o!taine" !) %orrect Ans&er ,rau" 0 o,,ence 0 ille/al consi"eration 'our Ans&er ,rau" 0 o,,ence 0 ille/al consi"eration Multi le %hoice Multi le Ans&er Question In the a!sence o, usa/e or custo( o, tra"e to the contrar)0 the i( lie" authorit) o, a artner "oes not e( o&er hi( to %orrect Ans&er ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( 'our Ans&er a"(it an) lia!ilit) in a suit or rocee"in/s a/ainst the ,ir( 0 &ith"ra& a suit or rocee"in/ ,ile" on !ehal, o, the ,ir(

Multi le %hoice Sin/le Ans&er Question Acce tance shoul" !e (a"e in %orrect Ans&er The (anner rescri!e" !) the ro(isor an" i, not rescri!e" in an) reasona!le (anner 'our Ans&er The (anner rescri!e" !) the ro(isor an" i, not rescri!e" in an) reasona!le (anner Multi le %hoice Multi le Ans&er Question Docu(ents to !e resente" ,or the re/istration o, a co( an) &ith the re/istrar are %orrect Ans&er The (e(oran"u( o, the co( an) 0 Its articles 0 The a/ree(ent0 i, an) 'our Ans&er The (e(oran"u( o, the co( an) 0 Its articles 0 The a/ree(ent0 i, an) Multi le %hoice Sin/le Ans&er Question Sale is a contract lus %orrect Ans&er con+e)ance 'our Ans&er co((it(ent True=False Question An a/enc) can !e ter(inate" a,ter la se o, ti(e or co( letion o, the &ork$ %orrect Ans&er True 'our Ans&er True Select The Blank Question A clu! or a societ) is an ######## o, ersons %orrect Ans&er association 'our Ans&er association Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Minor7s A/ree(ent :oi" a! initio :oi" a! initio Threatnin/ to co((it %oercion %oercion %onsi"eration Past0 Present an" Future Past0 Present an" Future Mistake Fact an" La& Fact an" La&

Multi le %hoice Multi le Ans&er Question I, the rinci al co(es to kno& that the a/ent has "ishonestl) conceale" ,ro( hi( an) (aterial ,act0 the rinci al %orrect Ans&er can re u"iate the transaction 0 (a) a,,ir( such transaction 0 (a) clai( "a(a/es ,or loss 'our Ans&er can re u"iate the transaction 0 (a) a,,ir( such transaction 0 (a) clai( "a(a/es ,or loss Multi le %hoice Multi le Ans&er Question In the a!sence o, usa/e or custo( o, tra"e to the contrar)0 the i( lie" authorit) o, a artner "oes not e( o&er hi( to %orrect Ans&er Ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( 'our Ans&er a"(it an) lia!ilit) in a suit or rocee"in/s a/ainst the ,ir( 0 enter into artnershi on !ehal, o, the ,ir( Multi le %hoice Multi le Ans&er Question Follo&in/ are the ersons &ho cannot enter into artnershi ,ir( %orrect Ans&er A Bur(ese Bu""hist hus!an" an" &i,e carr)in/ on !usiness 0 the (e(!ers o, 9in"u Un"i+i"e" Fa(il) carr)in/ on Fa(il) !usiness 'our Ans&er A Bur(ese Bu""hist hus!an" an" &i,e carr)in/ on !usiness 0 the (e(!ers o, 9in"u Un"i+i"e" Fa(il) carr)in/ on Fa(il) !usiness Multi le %hoice Multi le Ans&er Question A(en"(ents (a"e in the %onsu(er Protection Act in 122- are %orrect Ans&er To a"" <ser+ices< relatin/ to housin/ constructions 0 To ena!le ,ilin/ class action co( laints 0 To i( ose unish(ent on the co( lainant in cases o, +e;atious co( laint$ 'our Ans&er To a"" <ser+ices< relatin/ to housin/ constructions 0 To ena!le ,ilin/ class action co( laints 0 To i( ose unish(ent on the co( lainant in cases o, +e;atious co( laint$ Multi le %hoice Multi le Ans&er Question A erson is consi"ere" the hol"er o, Ne/otia!le Instru(ents i, %orrect Ans&er his na(e a ear on an instru(ent 0 he is in ossession o, !earer instru(ent 0 he is the en"orses o, a che8ue 'our Ans&er his na(e a ear on an instru(ent 0 he is in ossession o, !earer instru(ent 0 he is the en"orses o, a che8ue Multi le %hoice Multi le Ans&er Question Follo&in/ are the con"itions nee"e" to ro+e an act o, a artner is an act o, a artnershi ,ir( %orrect Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it (ust !e relate" to the

!usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an" on !ehal, o, the ,ir( 'our Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it (ust !e relate" to the !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an" on !ehal, o, the ,ir( Multi le %hoice Multi le Ans&er Question The three in/re"ients in the er,or(ance o, a contract o, sale !) the seller are %orrect Ans&er Trans,er o, ro ert) in /oo"s 0 The assin/ o, the risk 0 Deli+er) o, /oo"s 'our Ans&er Trans,er o, ro ert) in /oo"s 0 The assin/ o, the risk 0 Deli+er) o, /oo"s Multi le %hoice Multi Question Instru(ents a)a!le %orrect Ans&er %he8ue 0 Pro(issor) 'our Ans&er %he8ue 0 Pro(issor) le Ans&er on "e(an" are Note 0 Bill o, E;chan/e Note 0 Bill o, E;chan/e

Select The Blank Question Rati,ication is one o, the &a)s o, ######## a/enc)$ %orrect Ans&er creatin/ 'our Ans&er creatin/ True=False Question The (e(!ershi o, the association o, co( an) shall cease on the "issolution o, the ,ir($ %orrect Ans&er True 'our Ans&er True Select The Blank Question Me(!ers o, a clu! or a societ) are the ######## o, each other$ %orrect Ans&er ,rien"s 'our Ans&er artners Multi le %hoice Multi le Ans&er Question The State %ouncil consists o, the ,ollo&in/ (e(!ers %orrect Ans&er Minister in6char/e o, consu(er a,,airs in the State ?o+t$ 0 Me(!ers re resentin/ such interests as (a) !e rescri!e" !) the State ?o+t$ 'our Ans&er Minister in6char/e o, consu(er a,,airs in the State ?o+t$ 0 Me(!ers re resentin/ such interests as (a) !e rescri!e" !) the State ?o+t$ Multi le %hoice Sin/le Ans&er Question

Sale is a contract lus %orrect Ans&er e;ecute" contract 'our Ans&er e;ecutor) contract Select The Blank Question An a/ent is si( l) !lank a ######## !et&een his rinci al an" the thir" art)$ %orrect Ans&er connectin/ link 'our Ans&er connectin/ link True=False Question Rail&a) or S$T$ Recei ts0 Di+i"en"0 Warrants0 Rail&a) Bon"s are not Ne/otia!le Instru(ent$ %orrect Ans&er False 'our Ans&er False True=False Question A contract o, sale o, /oo"s is a contract &here!) the seller trans,ers or a/rees to trans,er the ro ert) in /oo"s to the !u)er ,or a rice %orrect Ans&er True 'our Ans&er True Select The Blank Question The ro ert) in the Ne/otia!le Instru(ent asses ,ro( one erson to another erson !) ######## "eli+er)$ %orrect Ans&er Mere= Si( le 'our Ans&er Mere= Si( le True=False Question The rinci al can rati,) unauthorise" act o, an a/ent$ %orrect Ans&er False 'our Ans&er True Select The Blank Question An or"er o, the court askin/ a erson to "o or to a!stain ,ro( "oin/ a articular act0 &hich is the su!*ect (atter o, the contract0 is kno&n as ########$ %orrect Ans&er In*uction 'our Ans&er In*uction

Multi le %hoice Sin/le Ans&er Question A artner &ho in+ests ca ital A share ro,its !ut "o not take acti+e art in ,ir(7s !usiness is %orrect Ans&er a "or(ant or slee in/ artner 'our Ans&er a "or(ant or slee in/ artner Select The Blank Question S ecial resolution an" con,ir(ation !) ########is re8uire" ,or alteration o, Me(oran"u($ %orrect Ans&er %o( an) La& Boar" 'our Ans&er %o( an) La& Boar" Select The Blank Question The o!*ect o, the %onsu(er Protection Act o, 1234 is to e"ucate the eo le so that the) can ,in" out ######## ,or their /rie+ances %orrect Ans&er le/al re(e"ies 'our Ans&er le/al re(e"ies Multi le %hoice Multi le Ans&er Question Follo&in/ are the characteristics o, the artnershi at &ill %orrect Ans&er Partners are al&a)s ,ree to !reak their relationshi at their &hi( 0 It is ,or in"e,inite erio" 'our Ans&er Partners are al&a)s ,ree to !reak their relationshi at their &hi( 0 It is ,or in"e,inite erio" Multi le %hoice Sin/le Ans&er Question The intention o, the Ne/otia!le Instru(ent Act is to /o+ern %orrect Ans&er le/al relationshi 'our Ans&er le/al relationshi True=False Question I, all the (e(!ers o, a co( an) are (arrie"0 the co( an) &oul" not !e a (arrie" erson$ %orrect Ans&er True 'our Ans&er True Select The Blank Question

A ,ir( is a na(e /i+en to the artners ######## %orrect Ans&er collecti+el) 'our Ans&er collecti+el) True=False Question An a/ree(ent to sell takes lace in the case o, e;istin/ /oo"s or s eci,ic /oo"s$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Sin/le Ans&er Question Which authorit) o, an a/ent can !e in,erre" ,ro( the circu(stances o, the case I %orrect Ans&er i( lie" 'our Ans&er i( lie" Multi le %hoice Multi le Ans&er Question Section .$ o, In"ian %ontract Act "e,ines ro osal as %orrect Ans&er &hen one erson co((unicates his "esire to "o so(ethin/ ,or another to o!tain the assent o, another that is a ro osal$ 0 &hen one erson si/ni,ies to another his &illin/ness to "o or to a!stain &ith a +ie& to o!tain the consent o, another that is a ro osal$ 'our Ans&er &hen one erson co((unicates his "esire to "o so(ethin/ ,or another to o!tain the assent o, another that is a ro osal$ Multi le %hoice Sin/le Ans&er Question The o!*ect o, carr)in/ on a !usiness (ust !e %orrect Ans&er Sharin/ o, ro,its 'our Ans&er Sharin/ o, ro,its

Business Law - 15 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Select The Blank Question Acce tance o, a lesser er,or(ance than &hat &as actuall) contracte" ,or is kno&n as ########$ %orrect Ans&er re(ission 'our Ans&er no+ation

True=False Question Unen,orcea!le a/ree(ents an" ille/al a/ree(ents (ean one an" the sa(e thin/$ %orrect Ans&er False 'our Ans&er False Select The Blank Question S urious /oo"s (eans /oo"s &hich are ######## %orrect Ans&er ,ake 'our Ans&er ,ake Select The Blank Question ######## i( lies co((ittin/ or threatenin/ to co((it an) act ,or!i""en !) the In"ian Penal %o"e$ %orrect Ans&er %oercion 'our Ans&er %oercion True=False Question I, all the (e(!ers o, a co( an) are (arrie"0 the co( an) &oul" not !e a (arrie" erson$ %orrect Ans&er True 'our Ans&er True True=False Question %o( anies can !e re/istere" &ith un"esira!le na(es$ %orrect Ans&er False 'our Ans&er False

Multi le %hoice Multi le Ans&er Question A co( an) is re/istere" as an arti,icial erson$ It has no %orrect Ans&er Bo") 0 Soul 0 %onscience 'our Ans&er Bo") 0 Soul 0 %onscience Multi le %hoice Multi le Ans&er Question A con"ition is a t) e o, sti ulation an" has ,ollo&in/ characteristics %orrect Ans&er It is o, the su!si"iar) character 0 A !reach o, it /i+es the su,,ere" art) the one A onl) one ri/ht to re u"iate the contract 'our Ans&er It is o, ,un"a(ental in nature 0 It "irectl) /oes to the root o, the contract 0 A !reach o, it /i+es the su,,ere" art) the one A onl) one ri/ht to re u"iate the contract Multi le %hoice Sin/le Ans&er Question The co((unication o, a ro osal is co( lete &hen it %orrect Ans&er co(es to the kno&le"/e o, the erson to &ho( it is (a"e 'our Ans&er co(es to the kno&le"/e o, the erson to &ho( it is (a"e Multi le %hoice Multi le Ans&er Question The lia!ilit) o, co( anies on the !asis o, lia!ilit) are %orrect Ans&er Unli(ite" co( anies 0 Li(ite" !) /uarantee 0 Li(ite" !) shares

'our Ans&er Li(ite" !) /uarantee 0 Li(ite" !) shares Select The Blank Question When the erson to &ho( the ro osal is (a"e si/ni,ies his assent thereto0 the ro osal is sai" to !e ########$ %orrect Ans&er acce te" 'our Ans&er acce te" True=False Question %on+icts are "is8uali,ie" ,ro( contractin/ !) the la& to &hich the) are su!*ect$ %orrect Ans&er True 'our Ans&er True

Multi le %hoice Sin/le Ans&er Question A sti ulation in a contract o, sale &ith re,erence to /oo"s &hich are su!*ect there o, (a) !e %orrect Ans&er A con"ition or &arrant) 'our Ans&er An a/enc) a/ree(ent True=False Question A ser+ant a %orrect Ans&er False 'our Ans&er False

ointe" !) his (asters is an a/ent$

Multi le %hoice Multi le Ans&er Question The o!*ect o, the contract shoul" !e %orrect Ans&er le/al one 0 la&,ul 'our Ans&er an) !usiness 0 le/al one 0 la&,ul Multi le %hoice Sin/le Ans&er Question An a/enc) is !ase" u on consent an" hence0 it is a %orrect Ans&er consensual relations 'our Ans&er consensual relations Select The Blank Question The In"ian %ontract Act0 13>.0 "oes not co+er all those "uties &hich are not ######## in nature$ %orrect Ans&er contractual 'our Ans&er contractual Multi le %hoice Sin/le Ans&er Question Un ai" seller7s ri/ht to sto the /oo"s in transit arises onl) &hen the !u)er !eco(es %orrect Ans&er insol+ent 'our Ans&er ,rau"ulent Multi le %hoice Sin/le Ans&er Question Ri/ht to &ithhol" the "eli+er) o, /oo"s is si(ilar to an" co6e;tensi+e &ith the ri/ht o, %orrect Ans&er sto a/e o, /oo"s in transit

'our Ans&er sto a/e o, /oo"s in transit Select The Blank Question The co( an) "oes not ossess ######## still it is a erson in the e)es o, la&$ %orrect Ans&er ,un"a(ental ri/hts 'our Ans&er constitutional ri/hts Multi le %hoice Sin/le Ans&er Question The essence o, contract o, sale is %orrect Ans&er sale o, /oo"s 'our Ans&er sale o, /oo"s Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Penalt) ,or ,alse articulars I( rison(ent ,or three (onths I( rison(ent ,or three (onths Partnershi "ee" Na(e0 Place0 Date Na(e0 Place0 Date A state(ent in rescri!e" ,or( an" acco( anie" !) ,ees Re8uire" ,or re/istration To recti,) an) (istake The re/istrar o, ,ir(s To recti,) an) (istake Re8uire" ,or re/istration

Multi le %hoice Sin/le Ans&er Question The National %o((ission has the o&er to entertain a o, an) %orrect Ans&er State %o((ission 'our Ans&er %onsu(er Tri!unal

eals a/ainst the or"ers

Multi le %hoice Multi le Ans&er Question An unre/istere" ,ir( can institute a cri(inal rocee"in/ %orrect Ans&er The &ron/,ul use o, the tra"e (ark 0 The &ron/,ul use o, the ,ir( na(e 'our Ans&er The &ron/,ul use o, the tra"e (ark 0 The artner ,or settle(ent o, ,ir(7s account 0 The artner ,or an) clai( o, set6o,, Select The Blank Question An o,,er (ust create ######## relationshi %orrect Ans&er Le/al 'our Ans&er Le/al True=False Question %o( an) is treate" as a le/al erson "istinct ,ro( its (e(!ers$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Multi le Ans&er Question A che8ue can !e

%orrect Ans&er Bearer 0 Or"er 0 %rosse" 'our Ans&er Bearer 0 %rosse" Multi le %hoice Sin/le Ans&er Question In an auction sale0 i, so(eone /i+es hi/hest !i" an" the auctioneer acce ts his o,,er !) strikin/ the ha((er it is %orrect Ans&er an i( lie" acce tance 'our Ans&er an i( lie" acce tance Match The Follo&in/ Question %orrect Ans&er 'our Ans&er %o( laint o, %onsu(er An) alle/ation in &ritin/ An) alle/ation in &ritin/ Tra"e in relation to an) /oo"s Who "istri!utes /oo"s Who "istri!utes /oo"s Manu,acturer Who (akes an) /oo"s Who (akes an) /oo"s %onsu(er Dis ute Dis ute !et&een consu(er an" (anu,acturer or tra"er Dis ute !et&een consu(er an" (anu,acturer or tra"er

Multi le %hoice Sin/le Ans&er Question %onstructi+e "eli+er) is also calle" as Deli+er) !) %orrect Ans&er Attorn(ent 'our Ans&er Attorn(ent Multi le %hoice Multi le Ans&er Question Follo&in/ are the essential o, Un"ue in,luence %orrect Ans&er there (ust !e so(e relationshi !et&een the arties 0 It is (ainl) o, (oral character 'our Ans&er intention to in"uce so(eone to enter into an a/ree(ent 0 threatenin/ to "etain ro ert)0 unla&,ull) 0 It is (ainl) o, (oral character Multi le %hoice Multi le Ans&er Question There is al&a)s a "irect ri+it) o, contract !et&een the rinci al an" the ,ollo&in/ %orrect Ans&er su!stitute" a/ent 0 co6a/ent 0 /eneral a/ent 'our Ans&er su!stitute" a/ent 0 /eneral a/ent Select The Blank Question One (an hol"s racticall) the ######## o, the share ca ital o, the one (an co( an)$ %orrect Ans&er &hole 'our Ans&er &hole Select The Blank Question The ######## o, 1234 is !asicall) asse" to rotect the interest o, the consu(er$

%orrect Ans&er %onsu(er Protection Act 'our Ans&er %onsu(er Protection Act Multi le %hoice Multi le Ans&er Question An a/ent (a) retain0 out o, an) su(s recei+e" on account o, the rinci al in the !usiness o, the a/enc) %orrect Ans&er re(uneration as (a) !e a)a!le 0 e; enses ro erl) incurre" 0 all su(s "ue to hi(sel, 'our Ans&er re(uneration as (a) !e a)a!le 0 e; enses ro erl) incurre" 0 all su(s "ue to hi(sel, Multi le %hoice Sin/le Ans&er Question Quasi %ontract is create" !) %orrect Ans&er la& 'our Ans&er la& True=False Question The Re/istrar shall re/ister the altere" (e(oran"u( an" certi,) the re/istration un"er his han" &ithin one (onth ,ro( the "ate o, ,ilin/ such "ocu(ents$ %orrect Ans&er True 'our Ans&er False

True=False Question Re/istration is co( ulsor) ,or all the co( anies$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Multi le Ans&er Question The ,ollo&in/ t) es o, co( anies are re8uire" to ha+e their o&n articles %orrect Ans&er Unli(ite" co( anies 0 %o( anies li(ite" !) /uarantee 0 Pri+ate co( anies li(ite" !) shares 'our Ans&er %o( anies li(ite" !) /uarantee 0 Pri+ate co( anies li(ite" !) shares True=False Question The (e(!ershi o, the association o, co( an) shall cease on the "issolution o, the ,ir($ %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question A contract in &hich a consent is cause" !) un"ue in,luence0 is %orrect Ans&er +oi"a!le at the o tion o, the consentin/ art) 'our Ans&er +oi"a!le at the o tion o, the consentin/ art) Multi le %hoice Sin/le Ans&er Question E+er) co( an) !) la& (ust ha+e %orrect Ans&er %o((on seal 'our Ans&er %o((on "ocu(ents

Select The Blank Question An) erson &ho is o, a/e o, (a*orit) accor"in/ to the la& to &hich he is a su!*ect0 (a) ######## an a/ent$ %orrect Ans&er a oint 'our Ans&er a oint Multi le %hoice Multi le Ans&er Question Accor"in/ to the %onsu(er Protection Act0 12340 a ser+ice inclu"es %orrect Ans&er Financial ser+ice 0 Entertain(ent 'our Ans&er Financial ser+ice 0 Entertain(ent Multi le %hoice Multi le Ans&er Question A co( an) is re/istere" as an arti,icial erson$ It has no %orrect Ans&er Bo") 0 Soul 0 %onscience 'our Ans&er Bo") 0 Soul 0 %onscience Select The Blank Question A (isre resentation (a) !e co((itte" !) causin/ a (istake ######## %orrect Ans&er innocentl) 'our Ans&er innocentl) True=False Question No consi"eration is re8uire" in ,or(al contracts$ %orrect Ans&er True 'our Ans&er False at 1.5D4 AM 1 co((ents Links to this ost La!els5 Business La& LSet 6 :M Thursday, May 14, 2009 Business Law - 14 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Select The Blank Question S ecial resolution an" con,ir(ation !) ######## is re8uire" ,or alteration o, Me(oran"u($ %orrect Ans&er %o( an) La& Boar" 'our Ans&er %o( an) La& Boar" Multi le %hoice Multi le Ans&er Question ?oo"s (a) !e classi,ie" as 56 %orrect Ans&er E;istin/ /oo"s 0 Future /oo"s 0 %ontin/ent /oo"s 'our Ans&er E;istin/ /oo"s 0 Future /oo"s 0 %ontin/ent /oo"s Select The Blank Question A ######## is an arti,icial erson an" has a le/al entit)$ %orrect Ans&er %o( an)

'our Ans&er %o( an) Select The Blank Question A +ali" ten"er o, er,or(ance shoul" !e ########$ %orrect Ans&er Uncon"itional 'our Ans&er Uncon"itional Multi le %hoice Multi le Ans&er Question Follo&in/ are the ele(ents &hich constitute a artnershi ,ir( 56 %orrect Ans&er There (ust !e a contract re/ar"in/ a artnershi 0 There (ust !e an association o, t&o or (ore ersons 'our Ans&er There (ust !e a contract re/ar"in/ a artnershi 0 The (ain o!*ect o, carr)in/ on the !usiness (ust !e the sharin/ o, lia!ilities ,or in"i+i"ual ro,its 0 There (ust !e an association o, t&o or (ore ersons Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Presentation o, Ne/otia!le Instru(ent For a)(ent For a)(ent When an en"orser si/ns the instru(ent an" a""s a "irection to a) the a(ount (entione" therein En"orse(ent in ,ull En"orse(ent in ,ull De,ault in a)(ent o, a(ount o, che8ue Dishonour o, che8ue Dishonour o, che8ue Notice o, "ishonour o, che8ue Man"ator) ro+ision Non (an"ator) ro+ision

Multi le %hoice Multi le Ans&er Question Accor"in/ to the %onsu(er Protection Act0 12340 a erson inclu"es 56 %orrect Ans&er 9in"u un"i+i"e" ,a(il) 0 %o6o erati+e societ) 0 In"i+i"ual as &ell as *uristic erson 'our Ans&er Re/istere" ,ir( onl) 0 9in"u un"i+i"e" ,a(il) 0 %o6o erati+e societ) Multi le %hoice Multi le Ans&er Question Follo&in/ are the ele(ents &hich constitute a artnershi %orrect Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons 'our Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 the (ain o!*ect o, carr) on the !usiness (ust !e sharin/ o, lia!ilities 0 there (ust !e an association o, t&o or (ore ersons True=False Question ?eneral a/ents are the ersons &ho en*o) a /eneral authorit) to "o e+er)thin/ in the course o, their a/enc)$ %orrect Ans&er True 'our Ans&er True Select The Blank

Question The erson &ho !u)s the /oo"s ,or tra"in/ ur oses is not a ######## un"er the %onsu(er Protection Act0 1234$ %orrect Ans&er %onsu(er 'our Ans&er %onsu(er Multi le %hoice Multi le Ans&er Question Follo&in/ ersons can er,or( the contracts 56 %orrect Ans&er Pro(issor 0 A/ent 0 Le/al re resentati+e 'our Ans&er Pro(issor 0 A/ent 0 Le/al re resentati+e Multi le %hoice Sin/le Ans&er Question The %onsu(er Protection Act (akes a+aila!le certain ne& re(e"ies lea+in/ the 56 %orrect Ans&er Su!stanti+e ri/hts o, the consu(er intact 'our Ans&er Su!stanti+e ri/hts o, the consu(er intact Select The Blank Question In a ######## contract0 the ,uture e+ent is collateral to the contract$ %orrect Ans&er %ontin/ent 'our Ans&er %ontin/ent Multi le %hoice Sin/le Ans&er Question A la") !rou/ht a hotoco ier ,or the &hole an" sole ur ose o, earnin/ her li+elihoo" an" she ne+er inten"e" to use the sa(e ,or lar/e scale tra"in/ acti+it) or co((ercial ur ose$ She is a 56 %orrect Ans&er %onsu(er 'our Ans&er :en"or Multi le %hoice Multi le Ans&er Question Which o, the ,ollo&in/ are not a +oi" a/ree(entI %orrect Ans&er A/ree(ent &ith consi"eration 'our Ans&er A/ree(ent &ith consi"eration 0 A/ree(ent o, (arria/e 0 A/ree(ents relatin/ to le/al rocee"in/s Multi le %hoice Sin/le Ans&er Question Bill o, E;chan/e (ust contain 56 %orrect Ans&er Or"er to a) (one) onl) 'our Ans&er Or"er to a) (one) onl) Multi le %hoice Multi le Ans&er Question A/ent has "uties to&ar"s rinci al in a""ition to 56 %orrect Ans&er %on"uctin/ rinci al7s !usiness 0 Ren"erin/ accounts to rinci al 0 %o((unicatin/ &ith the rinci al 'our Ans&er %on"uctin/ rinci al7s !usiness 0 %o((unicatin/ &ith the rinci al 0 Settin/ u an a"+ance a"+erse title to hi(sel, Multi le %hoice Sin/le Ans&er Question A artner can not trans,er his share to an) outsi"er &ithout o!tainin/ 56 %orrect Ans&er %onsent o, other artners

'our Ans&er %onsent o, other artners True=False Question An a/ree(ent &ithout consi"eration is +oi"$ %orrect Ans&er True 'our Ans&er True True=False Question No co( an) shall !e re/istere" !) a na(e &hich0 in the o inion o, the central /o+ern(ent is un"esira!le$ %orrect Ans&er True 'our Ans&er True True=False Question Un"er the %onsu(er Protection Act o, 12340 /oo"s inclu"e actiona!le clai( an" (one)$ %orrect Ans&er False 'our Ans&er False Select The Blank Question S urious /oo"s (eans /oo"s &hich are ########$ %orrect Ans&er Fake 'our Ans&er Fake Select The Blank Question An a/ent is si( l) a !lank ######## !et&een his rinci al an" the thir" art)$ %orrect Ans&er %onnectin/ link 'our Ans&er %onnectin/ link True=False Question Mone) or"er0 Postal or"er0 Share %erti,icates0 De osit recei ts an" such other "ocu(ents are Ne/otia!le Instru(ents$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Sin/le Ans&er Question Material attestation o, Ne/otia!le Instru(ent0 unless carrie" out0 co((on intention o, the ori/inal arties !eco(es 56 %orrect Ans&er :oi" 'our Ans&er Le/al Multi le %hoice Sin/le Ans&er Question A !o") carr)in/ out anal)sis or test o, an) /oo"s &ith a +ie& to "eter(inin/ &hether such /oo"s su,,er ,ro( an) "e,ect is kno&n as 56 %orrect Ans&er A ro riate la!orator) 'our Ans&er All In"ia la!orator) Select The Blank

Question A artner has a ri/ht to settle the ######## o, the ,ir( out o, the ro ert) o, the ,ir($ %orrect Ans&er De!ts 'our Ans&er Share Select The Blank Question When the notice o, sto a/e in transit is /i+en !) the seller to the ########in ossession o, /oo"s0 the latter (ust re6"eli+er the /oo"s to the seller$ %orrect Ans&er %arrier 'our Ans&er %arrier Select The Blank Question Section 1- o, the Ne/otia!le Instru(ent Act /i+es ######## o, Ne/otia!le Instru(ent$ %orrect Ans&er Meanin/ 'our Ans&er Meanin/ True=False Question A sale is an e;ecute" contract &hereas an a/ree(ent to sell is an e;ecutor contract$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question The sale o, /oo"s is the (ost co((on o, all 56 %orrect Ans&er %o((ercial contracts 'our Ans&er %o((ercial contracts Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Sale E;chan/e o, /oo"s ,or rice E;chan/e o, /oo"s ,or rice Barter s)ste( E;chan/e o, /oo"s ,or /oo"s E;chan/e o, /oo"s ,or /oo"s Sale o, /oo"s Act0 12-B Mo+a!le /oo"s Mo+a!le /oo"s %a+eat e( tor Let the !u)er !e&are Let the !u)er !e&are

Multi le %hoice Multi le Ans&er Question %onsent (eans 56 %orrect Ans&er Assent o, another 0 Assent to su ort a clai( 0 %onsent o, the o,,eror to the contract 'our Ans&er Assent to su ort a clai( 0 %onsent o, the o,,eror to the contract Multi le %hoice Sin/le Ans&er Question The (a;i(u( nu(!er o, ersons in case o, artnershi ,ir( carr)in/ on an) !usiness other than !ankin/ !usiness (ust not e;cee" 56

%orrect Ans&er T&ent) 'our Ans&er T&ent) True=False Question The la& relatin/ to sale o, i((o+a!le /oo"s is containe" in the Sale o, ?oo"s Act0 12-B$ %orrect Ans&er False 'our Ans&er False Select The Blank Question ######## i( lies co((ittin/ or threatenin/ to co((it an) act ,or!i""en !) the In"ian Penal %o"e$ %orrect Ans&er %oercion 'our Ans&er %oercion Multi le %hoice Multi le Ans&er Question In In"ia0 so(e o, Ne/otia!le Instru(ents !) usa/e or custo( o, tra"e are 56 %orrect Ans&er ?o+ern(ent ro(issor) notes 0 Bankers "ra,ts 0 Pa) o,, or"ers 'our Ans&er ?o+ern(ent ro(issor) notes 0 Bills o, e;chan/e True=False Question %onsi"eration is re8uire" in ,or(al contracts$ %orrect Ans&er False 'our Ans&er True True=False Question An insol+ent erson can acce t or en"orse a !ill$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Sin/le Ans&er Question An Association o, (an) ersons &ho contri!ute (one) or (one)7s &orth to a co((on stock an" e( lo) it ,or a co((on ur ose$ It is kno&n as a 56 %orrect Ans&er %o( an) 'our Ans&er %o( an) Multi le %hoice Multi le Ans&er Question An unre/istere" ,ir( can institute a cri(inal rocee"in/ ,or 56 %orrect Ans&er The &ron/,ul use o, the tra"e (ark 0 The &ron/,ul use o, the ,ir( na(e 'our Ans&er The artner ,or settle(ent o, ,ir(7s account 0 The artner ,or an) clai( o, set6o,, Multi le %hoice Multi le Ans&er Question Accor"in/ to the %onsu(er Protection Act0 12340 a ser+ice inclu"es 56 %orrect Ans&er Financial ser+ice 0 Entertain(ent 'our Ans&er Financial ser+ice 0 Entertain(ent 0 Personal ser+ice True=False

Question <La&< (eans a set o, rules an" re/ulations in the nature o, "ictatorshi $ %orrect Ans&er False 'our Ans&er False Multi le %hoice Sin/le Ans&er Question The (onetar) *uris"iction is !ase" u on the 56 %orrect Ans&er A(ount o, relie, clai(e" !) the co( lainant 'our Ans&er The +alue o, /oo"s or ser+ices Multi le %hoice Sin/le Ans&er Question Section 1-3 "eals &ith 56 %orrect Ans&er Dishonour o, che8ue 'our Ans&er Dishonour o, che8ue Multi le %hoice Multi le Ans&er Question Follo&in/ are the con"itions nee"e" to ro+e an act o, a artner is an act o, a artnershi ,ir( %orrect Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it (ust !e relate" to the !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an" on !ehal, o, the ,ir( 'our Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it (ust !e relate" to the !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an" on !ehal, o, the ,ir( Multi le %hoice Sin/le Ans&er Question A artnershi at &ill can !e "issol+e" !) ,ilin/ a suit ,or 56 %orrect Ans&er Dissolution 'our Ans&er Dissolution at -5CC AM B co((ents Links to this ost La!els5 Business La& LSet 6 :M Business Law - 13 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multi le %hoice Multi le Ans&er Question Follo&in/ are the essentials o, %oercion 56 %orrect Ans&er Intention to in"uce so(eone to enter into an a/ree(ent 0 Threatenin/ to "etain ro ert)0 unla&,ull) 'our Ans&er Intention to in"uce so(eone to enter into an a/ree(ent 0 Threatenin/ to "etain ro ert)0 unla&,ull) Multi le %hoice Sin/le Ans&er Question Whate+er a erson can "o hi(sel,0 he can "o the sa(e throu/h another erson i$e$56 %orrect Ans&er 9is a/ent 'our Ans&er 9is a/ent

Multi le %hoice Sin/le Ans&er Question In contract o, sale the !u)er !eco(es 56 %orrect Ans&er A!solute o&ner o, the ro ert) 'our Ans&er Part o&ner o, the ro ert) Multi le %hoice Sin/le Ans&er Question The intention o, the Ne/otia!le Instru(ent Act is to /o+ern 56 %orrect Ans&er Le/al relationshi 'our Ans&er Le/al relationshi True=False Question An a/enc) can !e ter(inate" a,ter la se o, ti(e or co( letion o, the &ork$ %orrect Ans&er True 'our Ans&er True True=False Question %o( an) is treate" as a le/al erson "istinct ,ro( its (e(!ers$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question In Mohri Bi!i +s Dhar(o ?hosh the rulin/ &as lai" "o&n !) 56 %orrect Ans&er Pri+) %ouncil 'our Ans&er Fe"eral %ourt Multi le %hoice Multi le Ans&er Question Follo&in/ are the ele(ents &hich constitute a artnershi %orrect Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons 'our Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons True=False Question An a/ent "oes not ha+e the ri/ht to sto /oo"s in transit$ %orrect Ans&er False 'our Ans&er True Multi le %hoice Sin/le Ans&er Question %o( etent arties (eans arties shoul" !e 56 %orrect Ans&er Ma*or in a/e 'our Ans&er Workin/ at the sa(e lace Multi le %hoice Multi le Ans&er Question A(en"(ents (a"e in the %onsu(er Protection Act in 122- are 56 %orrect Ans&er To a"" <ser+ices< relatin/ to housin/ constructions 0 To ena!le ,ilin/ class action co( laints 0 To i( ose unish(ent on the co( lainant in cases o, +e;atious co( laint$ 'our Ans&er To a"" <ser+ices< relatin/ to housin/ constructions 0 To ena!le ,ilin/ class

action co( laints 0 To i( ose unish(ent on the co( lainant in cases o, +e;atious co( laint$ Multi le %hoice Sin/le Ans&er Question When the artners select to a"o t certain ,ir( na(e &hich is i"entical &ith the ,ir( na(e alrea") in e;istence0 then such na(e is 56 %orrect Ans&er Le/al 'our Ans&er Ille/al True=False Question A su!6a/ent acts un"er the "irect control o, his rinci al$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Multi le Ans&er Question The lia!ilit) o, co( anies on the !asis o, lia!ilit) are 56 %orrect Ans&er Unli(ite" co( anies 0 Li(ite" !) /uarantee 0 Li(ite" !) shares 'our Ans&er Li(ite" !) /uarantee 0 Li(ite" !) shares Multi le %hoice Multi le Ans&er Question A(en"(ents (a"e in the %onsu(er Protection Act in .BB. inclu"e 56 %orrect Ans&er Pro+ision ,or su!stitution o, le/al heir or re resentati+e as a art) to the co( lainant in the e+ent o, the "eath o, the o osite art)$ 0 Pro+ision ,or reco+er) o, a(ounts or"ere" to !e ai" !) consu(er re"ressal a/encies as arrears o, lan" re+enue$ 0 Pro+ision ,or rechar/in/ o, ,ee in res ect o, co( laints ,ile" !e,ore the consu(er re"ressal a/encies 'our Ans&er Pro+ision ,or su!stitution o, le/al heir or re resentati+e as a art) to the co( lainant in the e+ent o, the "eath o, the o osite art)$ 0 Pro+ision ,or reco+er) o, a(ounts or"ere" to !e ai" !) consu(er re"ressal a/encies as arrears o, lan" re+enue$ Multi le %hoice Multi le Ans&er Question Misre resentation contains ,ollo&in/ in/re"ients 56 %orrect Ans&er Positi+e assertion 0 Breach o, "ut) &ithout intention to "ecei+e 0 %ausin/ another art) to (ake a (istake as to the su!stance o, the thin/ 'our Ans&er Breach o, "ut) &ithout intention to "ecei+e 0 %ausin/ another art) to (ake a (istake as to the su!stance o, the thin/ Multi le %hoice Sin/le Ans&er Question Notice o, the situations o, the re/istere" o,,ice o, the co( an) is re8uire" to !e /i+en to the re/istrar o, the co( anies &ithin 56 %orrect Ans&er Thirt) "a)s 'our Ans&er T&ent) "a)s Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Sale E;chan/e o, /oo"s ,or rice E;chan/e o, /oo"s ,or rice Barter s)ste( E;chan/e o, /oo"s ,or /oo"s E;chan/e o, /oo"s ,or /oo"s

Sale o, /oo"s Act0 12-B Mo+a!le /oo"s I((o+a!le ?oo"s %a+eat e( tor Let the !u)er !e&are Let the !u)er !e&are

Select The Blank Question An o,,er (ust create ######## relationshi $ %orrect Ans&er Le/al 'our Ans&er :oi" True=False Question Where a che8ue is crosse" s eciall)0 the !anker to &ho( it is crosse" (a) a/ain cross it s eciall) to another !anker0 his a/ent0 ,or collection$ %orrect Ans&er True 'our Ans&er False Select The Blank Question For creatin/ ######## relationshi the arties to the contract (ust ha+e a &ill to seek ,or the hel o, la& court in the case o, !reach o, a contract$ %orrect Ans&er Le/al 'our Ans&er Le/al Multi le %hoice Multi le Ans&er Question Follo&in/ are the con"itions nee"e" to ro+e an act o, a artner is an act o, a artnershi ,ir( %orrect Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it (ust !e relate" to the !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an" on !ehal, o, the ,ir( 'our Ans&er such a act !e "one in a or"inar) course o, a artnershi ,ir( 0 it (ust !e relate" to the !usiness o, the ,ir( 0 act (ust ha+e !een "one in the na(e an" on !ehal, o, the ,ir( True=False Question %o ies o, (e(oran"u( an" articles shall not !e /i+en to (e(!ers$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Sin/le Ans&er Question The (onetar) *uris"iction is !ase" u on the 56 %orrect Ans&er A(ount o, relie, clai(e" !) the co( lainant 'our Ans&er A(ount o, relie, clai(e" !) the co( lainant Multi le %hoice Multi le Ans&er Question A co( an) is a le/al ersonalit) an" as such it can 56 %orrect Ans&er O&n its ro ert) in its o&n na(e 0 En*o) its ro ert) in its o&n na(e 0 Dis ose o, its ro ert) in its o&n na(e 'our Ans&er O&n its ro ert) in its o&n na(e 0 En*o) its ro ert) in its o&n na(e 0 Dis ose o, its ro ert) in its o&n na(e

Select The Blank Question An a/ent can !e hel" res onsi!le ,or "a(a/es arisin/ ,ro( his (iscon"uct in the !usiness o, a/enc) or ########$ %orrect Ans&er Ne/li/ence 'our Ans&er Pro(ise Select The Blank Question An or"er o, the court askin/ a erson to "o or to a!stain ,ro( "oin/ a articular act0 &hich is the su!*ect (atter o, the contract0 is kno&n as ########$ %orrect Ans&er In*unction 'our Ans&er Quasi,ication Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Minor Partner A"(itte" ,or ro,its onl) %an !e ,or(e" at Will Dissolution o, a Partnershi Death or Insanit) o, the artners Death or Insanit) o, the artners Fir( Partners A/ents o, the ,ir( Partner A/ents o, the ,ir( A"(itte" ,or ro,its onl) Partnershi %an !e ,or(e" at Will Partners

True=False Question The su!scri!er o, the (e(oran"u( o, a co( an) on its re/istration shall !e entere" in the re/ister o, (e(!ers as (e(!er$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question In case o, ri+ate li(ite" co( an)0 (ini(u( nu(!er o, (e(!ers is t&o &hile the (a;i(u( is 56 %orrect Ans&er DB 'our Ans&er DB Multi le %hoice Multi le Ans&er Question In In"ia0 so(e o, Ne/otia!le Instru(ents !) usa/e or custo( o, tra"e are 56 %orrect Ans&er ?o+ern(ent ro(issor) notes 0 Bankers "ra,ts 0 Pa) o,, or"ers 'our Ans&er ?o+ern(ent ro(issor) notes 0 Bankers "ra,ts 0 Pa) o,, or"ers Multi le %hoice Multi le Ans&er Question ?oo"s (a) !e classi,ie" as 56 %orrect Ans&er E;istin/ /oo"s 0 Future /oo"s 0 %ontin/ent /oo"s 'our Ans&er E;istin/ /oo"s 0 Future /oo"s 0 %ontin/ent /oo"s

True=False Question Re/istration o, ,ir( is a con"ition rece"ent ,or ,ilin/ the suit ,or seekin/ the re(e") &hich arises out o, contractual o!li/ations$ %orrect Ans&er True 'our Ans&er False Multi le %hoice Sin/le Ans&er Question ?eneral o,,ers o en ,or the &orl" at lar/e can !e acce te" !) an) erson 56 %orrect Ans&er Who co( lies &ith the con"itions o, the o,,er 'our Ans&er Who rea"s the a"+ertise(ent Select The Blank Question In ######## contract0 all the arties er,or( their ro(ise$ %orrect Ans&er An e;ecute" 'our Ans&er An e;ecute" True=False Question %on+icts are "is8uali,ie" ,ro( contractin/ !) the la& to &hich the) are su!*ect$ %orrect Ans&er True 'our Ans&er False Multi le %hoice Multi le Ans&er Question An unre/istere" ,ir( can institute a cri(inal rocee"in/ ,or 56 %orrect Ans&er The &ron/,ul use o, the tra"e (ark 0 The &ron/,ul use o, the ,ir( na(e 'our Ans&er The &ron/,ul use o, the tra"e (ark 0 The &ron/,ul use o, the ,ir( na(e Multi le %hoice Sin/le Ans&er Question In the Ri/ht o, lien0 the ossession is retaine" !) 56 %orrect Ans&er Un ai" seller 'our Ans&er Un ai" seller Select The Blank Question The artners continue to !e lia!le as such to ######## ,or an) act "one !) the($ %orrect Ans&er Thir" art) 'our Ans&er %o6o&ner True=False Question A Pro(issor) Note contains con"itional un"ertakin/ to a) a certain su( o, (one)$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Multi le Ans&er Question Follo&in/ are the a/encies o, a three tier s)ste( o, consu(er "is utes re"ressal a/encies 56 %orrect Ans&er State co((ission 0 National co((ission 0 District Foru( 'our Ans&er State co((ission 0 National co((ission 0 District Foru(

Select The Blank Question A ,ir( is a na(e /i+en to the artners ########$ %orrect Ans&er %ollecti+el) 'our Ans&er %ollecti+el) Multi le %hoice Sin/le Ans&er Question Partnershi create" at &ill o, the artners is56 %orrect Ans&er Partnershi at &ill 'our Ans&er Partnershi at &ill Select The Blank Question Rati,ication is one o, the &a)s o, ######## a/enc)$ %orrect Ans&er %reatin/ 'our Ans&er %heckin/ Select The Blank Question The essential oint a!out an a/ent7s osition is his ######## o, (akin/ his rinci al ans&era!le to thir" arties$ %orrect Ans&er Authorit) 'our Ans&er Authorit) Select The Blank Question Me(!ers o, a clu! or a societ) are the ######## o, each other$ %orrect Ans&er Frien"s 'our Ans&er Frien"s Multi le %hoice Multi le Ans&er Question %onsent (eans 56 %orrect Ans&er Assent o, another 0 Assent to su ort a clai( 0 %onsent o, the o,,eror to the contract 'our Ans&er Assent o, another 0 Assent to su ort a clai( 0 %onsent o, the o,,eror to the contract

Business Law - 17 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multi le %hoice Sin/le Ans&er Question In the Bill o, E;chan/e0 the erson to &ho( the !ill is (a"e a)a!le is calle" as %orrect Ans&er a)ee 'our Ans&er a)ee True=False Question A contract o, sale o, /oo"s is a contract &here!) the seller trans,ers or a/rees to trans,er the ro ert) in /oo"s to the !u)er ,or a rice

%orrect Ans&er True 'our Ans&er True Select The Blank Question The erson actin/ as an a/ent on !ehal, o, the rinci al shoul" act ########$ %orrect Ans&er honestl) 'our Ans&er honestl) True=False Question An intention to create le/al relations is one o, the (ost i( ortant criterions to esta!lish a contract$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question <E+er) a/ree(ent an" ro(ise en,orcea!le at la& is a contract<0 This state(ent &as (a"e !) 6 %orrect Ans&er Sir Fre"rick Pollock 'our Ans&er Sir Fre"rick Pollock Multi le %hoice Multi le Ans&er Question Accor"in/ to the %onsu(er Protection Act0 12340 a erson inclu"es %orrect Ans&er 9in"u un"i+i"e" ,a(il) 0 %o6o erati+e societ) 0 In"i+i"ual as &ell as *uristic erson 'our Ans&er Re/istere" ,ir( onl) 0 9in"u un"i+i"e" ,a(il) 0 %o6o erati+e societ) Multi le %hoice Multi le Ans&er Question %oercion (eans an" inclu"es %orrect Ans&er an) act ,or!i""en !) the In"ian Penal %o"e 0 an) threatenin/ to co((it ille/al act 'our Ans&er an) act ,or!i""en !) the In"ian Penal %o"e 0 an) threatenin/ to co((it ille/al act 0 act ,or!i""en !) an) la& Multi le %hoice Multi le Ans&er Question Follo&in/ are the essentials o, %oercion %orrect Ans&er intention to in"uce so(eone to enter into an a/ree(ent 0 threatenin/ to "etain ro ert)0 unla&,ull) 'our Ans&er threatenin/ to "etain ro ert)0 unla&,ull) 0 there (ust !e so(e relationshi !et&een the arties 0 It is (ainl) o, (oral character Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Relationshi o, Master an" ser+ant No authorit) to !in" No authorit) to !in" Relationshi !et&een the rinci al an" the a/ent Fi"uciar) %o((ission A/ent An a/ent &ho is a Marketin/ A/ent ointe" to sell /oo"s on !ehal, o, the rinci al An auctioneer

An a/ent a ointe" ,or sellin/ or !u)in/ /oo"s on !ehal, o, his rinci al %o((ission A/ent Dealer

Select The Blank Question A ######## is an arti,icial erson an" has a le/al entit)$ %orrect Ans&er %o( an) 'our Ans&er %o( an) Multi le %hoice Multi le Ans&er Question The Articles o, Association contains the %orrect Ans&er Rules 0 Re/ulations 0 B)e6la&s 'our Ans&er Rules 0 Re/ulations 0 B)e6la&s Multi le %hoice Sin/le Ans&er Question One o, the essentials o, a Bill o, E;chan/e is that it %orrect Ans&er (ust !e in &ritin/ 'our Ans&er (ust !e in &ritin/ True=False Question The ter( !usiness inclu"es e+er) la&,ul tra"e0 occu ation an" ro,ession$ %orrect Ans&er True 'our Ans&er True Match The Follo&in/ Question %orrect Ans&er 'our Ans&er A ro riate La!orator) Reco/nise" !) %entral ?o+ern(ent Reco/nise" !) %entral ?o+ern(ent Ser+ices Doesn7t inclu"e contract o, ersonal ser+ice Stock an" share S urious /oo"s ?oo"s clai(e" to !e /enuine Doesn7t inclu"e contract o, ersonal ser+ice

Select The Blank Question An a/ent is si( l) !lank a ######## !et&een his rinci al an" the thir" art)$ %orrect Ans&er connectin/ link 'our Ans&er authoritati+e link Multi le %hoice Multi le Ans&er Question Follo&in/ ersons can not !e calle" artners %orrect Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness 'our Ans&er (inors 0 insol+ents 0 co6o&ners &ithout the a/ree(ent to carr) on the !usiness Multi le %hoice Sin/le Ans&er Question To !e "ee(e" as an un ai" seller the seller (ust %orrect Ans&er ha+e sol" the /oo"s a/ainst cash an" the rice (ust !e "ue 'our Ans&er ha+e sol" the /oo"s a/ainst cash an" the rice (ust !e "ue

True=False Question The ro+isions o, sale o, /oo"s &ere re+iousl) inclu"e" in the In"ian %ontract Act0 13>.$ %orrect Ans&er True 'our Ans&er False Multi le %hoice Sin/le Ans&er Question Partnershi at &ill can !e "issol+e" !) an) artner !) %orrect Ans&er ?i+in/ "ue notice to that e,,ect to all other artners 'our Ans&er ?i+in/ "ue notice to that e,,ect to all other artners True=False Question <La&< (eans a set o, rules an" re/ulations in the nature o, "ictatorshi $ %orrect Ans&er False 'our Ans&er False True=False Question Le/al controls0 restrictions on u!lic co( anies are (ore an" strict$ %orrect Ans&er True 'our Ans&er True True=False Question An a/enc) can !e ter(inate" a,ter la se o, ti(e or co( letion o, the &ork$ %orrect Ans&er True 'our Ans&er True Select The Blank Question A/ents are ######## to act &ithin the sco e o, the authorit) /i+en$ %orrect Ans&er authorise" 'our Ans&er authorise" Multi le %hoice Multi le Ans&er Question The e;ce tions to the Wa/erin/ A/ree(ent are %orrect Ans&er %ross6&or" co( etitions 0 9orse6race 'our Ans&er 9orse6race 0 Lotter) 0 Match Fi;in/

Multi le %hoice Multi le Ans&er Question The articular artnershi auto(aticall) co(es to an en" %orrect Ans&er on the co( letion o, the +enture 0 at the e; ir) o, the ,i;e" ter( 'our Ans&er on the co( letion o, the +enture 0 !) /i+in/ e; ress notice$ 0 at the e; ir) o, the ,i;e" ter( Multi le %hoice Sin/le Ans&er Question When an a/ent is a ointe" to er,or( a articular &ork or transaction onl)0 he is kno&n as %orrect Ans&er s ecial a/ent 'our Ans&er s ecial a/ent

Select The Blank Question An o,,er0 to !e treate" as a +ali" o,,er0 shoul" !e ########$ %orrect Ans&er co((unicate" 'our Ans&er co((unicate" Multi le %hoice Multi le Ans&er Question Rati,ication can !e +ali"0 onl) %orrect Ans&er i, the act to !e rati,ie" is le/al 0 i, "one ,or the &hole transaction 0 i, co((unicate" to the concerne" art) 'our Ans&er i, "one ,or the &hole transaction Select The Blank Question The con,ir(ation o, chan/e o, re/istere" o,,ice o, co( an) &ithin a state shall !e co((unicate" to the co( an) &ithin ######## ,ro( the "ate o, recei t o, such a lication$ %orrect Ans&er Four &eeks 'our Ans&er Four &eeks Select The Blank Question The "irectors o, a co( an) ha+e to ,ile their consent &ith the ######## to act as "irector$ %orrect Ans&er re/istrar 'our Ans&er chair(an

Select The Blank Question As er S$.L1M L,M o, the %onsu(er Protection Act0 "e,ect (eans an) ######## in the 8ualit) o, /oo"s %orrect Ans&er shortco(in/ 'our Ans&er shortco(in/ Multi le %hoice Sin/le Ans&er Question Partnershi is nothin/ !ut %orrect Ans&er a le/al relationshi !et&een the artners 'our Ans&er a le/al relationshi !et&een the artners Multi le %hoice Multi le Ans&er Question The (e(oran"u( o, e+er) co( an) shall state %orrect Ans&er The na(e o, the co( an) 0 The re/istere" o,,ice 0 The (ain o!*ects 'our Ans&er The na(e o, the co( an) 0 The re/istere" o,,ice 0 The (ain o!*ects Multi le %hoice Multi le Ans&er Question A erson is "ee(e" to !e in a osition to "o(inate the &ill o, another i, the erson &hose (ental ca acit) is a,,ecte" !) %orrect Ans&er te( orar) e,,ect o, a/e 0 er(anent e,,ect o, a/e 0 !o"il) "istress 'our Ans&er te( orar) e,,ect o, a/e 0 er(anent e,,ect o, a/e 0 !o"il) "istress Multi le %hoice Sin/le Ans&er Question In case o, ri+ate li(ite" co( an)0 (ini(u( nu(!er o, (e(!ers is t&o &hile

the (a;i(u( is %orrect Ans&er DB 'our Ans&er DB Multi le %hoice Multi le Ans&er Question In the a!sence o, usa/e or custo( o, tra"e to the contrar)0 the i( lie" authorit) o, a artner "oes not e( o&er hi( to %orrect Ans&er Ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( 'our Ans&er a"(it an) lia!ilit) in a suit or rocee"in/s a/ainst the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( 0 enter into artnershi on !ehal, o, the ,ir(

Multi le %hoice Multi le Ans&er Question Follo&in/ are the ersons &ho cannot enter into artnershi ,ir( %orrect Ans&er A Bur(ese Bu""hist hus!an" an" &i,e carr)in/ on !usiness 0 the (e(!ers o, 9in"u Un"i+i"e" Fa(il) carr)in/ on Fa(il) !usiness 'our Ans&er A Bur(ese Bu""hist hus!an" an" &i,e carr)in/ on !usiness 0 the (e(!ers o, 9in"u Un"i+i"e" Fa(il) carr)in/ on Fa(il) !usiness True=False Question A co( an) is create" !) la& an" not !) natural !irth$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Sin/le Ans&er Question The erson to &ho(0 Ne/otia!le Instru(ent is trans,erre" is entitle" to %orrect Ans&er a(ount 'our Ans&er ro ert) Multi le %hoice Multi le Ans&er Question In the a!sence o, usa/e or custo( o, tra"e to the contrar)0 the i( lie" authorit) o, a artner "oes not e( o&er hi( to %orrect Ans&er ac8uire (o+a!le ro ert) on !ehal, o, the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( 'our Ans&er a"(it an) lia!ilit) in a suit or rocee"in/s a/ainst the ,ir( 0 trans,er (o+a!le ro ert) !elon/in/ to the ,ir( 0 &ith"ra& a suit or rocee"in/ ,ile" on !ehal, o, the ,ir( Multi le %hoice Sin/le Ans&er Question Presu( tion o, Ne/otia!le Instru(ent are enu(erate" in %orrect Ans&er section 113 an" 112 'our Ans&er section 113 an" 112 Multi le %hoice Multi le Ans&er Question The (e(oran"u( o, a co( an) shall !e %orrect Ans&er Printe" 0 Di+i"e" into ara/ra hs nu(!ere" consecuti+el) 0 Si/ne" !) each su!scri!er 'our Ans&er Printe" 0 Di+i"e" into ara/ra hs nu(!ere" consecuti+el) 0 Si/ne" !) each su!scri!er

True=False Question Re/istration is co( ulsor) ,or all the co( anies$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Multi le Ans&er Question Follo&in/ are the ele(ents &hich constitute a artnershi %orrect Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons 'our Ans&er there (ust !e a contract re/ar"in/ a artnershi 0 there (ust !e an association o, t&o or (ore ersons Multi le %hoice Sin/le Ans&er Question The relationshi o, rinci al an" a/ent is esta!lishe" a(on/st artners &hich is /o+erne" !) %orrect Ans&er la& o, a/enc) 'our Ans&er la& o, a/enc) Multi le %hoice Multi le Ans&er Question In the a!sence o, usa/e or custo( o, tra"e to the contrar)0 the i( lie" authorit) o, a artner "oes not e( o&er hi( to %orrect Ans&er A"(it an) lia!ilit) in a suit or rocee"in/s a/ainst the ,ir( 0 Trans,er (o+a!le ro ert) !elon/in/ to the ,ir( 0 With"ra& a suit or rocee"in/ ,ile" on !ehal, o, the ,ir( 'our Ans&er A"(it an) lia!ilit) in a suit or rocee"in/s a/ainst the ,ir( 0 Trans,er (o+a!le ro ert) !elon/in/ to the ,ir( 0 With"ra& a suit or rocee"in/ ,ile" on !ehal, o, the ,ir( at 1.5D3 AM B co((ents Links to this ost La!els5 Business La& LSet 6 :IM Business Law - 16 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Select The Blank Question A co( an) is a ######## co( an) i, the hol"in/ co( an) controls the (a*orit) co( osition o, its !oar" o, "irectors$ %orrect Ans&er su!si"iar) 'our Ans&er su!si"iar) Multi le %hoice Multi le Ans&er Question Accor"in/ to Rule - o, the %onsu(er rotection rules the %entral %ouncil consists o, the ,ollo&in/ (e(!ers %orrect Ans&er Minister in6char/e o, the "e t$ o, ho(e 0 Minister in6char/e o, "e t$ o, %o((erce an" In"ustr) 0 Minister in6char/e consu(er a,,airs in states 'our Ans&er Minister in6char/e o, "e t$ o, ci+il su lies 0 Minister in6char/e consu(er a,,airs in states

True=False Question Mental acce tance a(ounts to an acce tance$ %orrect Ans&er False 'our Ans&er False True=False Question The co( an) cannot e;cee" the o&ers con,erre" on it !) its (e(oran"u( %orrect Ans&er True 'our Ans&er True Select The Blank Question Un ai" seller7s ri/ht to sto the /oo"s in transit arises onl) &hen the !u)er is ######## %orrect Ans&er Bankru t 'our Ans&er Bankru t Multi le %hoice Sin/le Ans&er Question Actual "eli+er) o, /oo"s is also kno&n as %orrect Ans&er h)sical "eli+er) o, /oo"s 'our Ans&er h)sical "eli+er) o, /oo"s Multi le %hoice Sin/le Ans&er Question A certi,icate o, incor oration is issue" !) %orrect Ans&er A Re/istrar 'our Ans&er A Re/istrar Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Minor Partner A"(itte" ,or ro,its onl) Partners Dissolution o, a Partnershi Death or Insanit) o, the artners Death or Insanit) o, the artners Fir( Partners A/ents o, the ,ir( Partner A/ents o, the ,ir( A"(itte" ,or ro,its onl) Partnershi %an !e ,or(e" at Will %an !e ,or(e" at Will

Multi le %hoice Sin/le Ans&er Question Whate+er a erson can "o hi(sel,0 he can "o the sa(e throu/h another erson i$e$0 %orrect Ans&er his a/ent 'our Ans&er his a/ent Select The Blank

Question When the notice o, sto a/e in transit is /i+en !) the seller to the ########in ossession o, /oo"s0 the latter (ust re6"eli+er the /oo"s to the seller$ %orrect Ans&er %arrier 'our Ans&er A/ent True=False Question A Bill o, E;chan/e can !e crosse"$ %orrect Ans&er False 'our Ans&er True Multi le %hoice Sin/le Ans&er Question An Association o, (an) ersons &ho contri!ute (one) or (one)7s &orth to a co((on stock an" e( lo) it ,or a co((on ur ose$ It is kno&n as a %orrect Ans&er %o( an) 'our Ans&er Partnershi Business True=False Question In case the o!*ect o, an a/enc) !eco(es unla&,ul0 the a/enc) can not !e ter(inate"$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Multi le Ans&er Question The artner &ho is ille/all) e; elle" %orrect Ans&er can clai( re6instate(ent 0 can sue the ,ir( ,or the re,un" o, his share in the ro,its as &ell as ro,its 'our Ans&er can clai( re6instate(ent 0 can sue the ,ir( ,or the re,un" o, his share in the ro,its as &ell as ro,its Match The Follo&in/ Question %orrect Ans&er 'our Ans&er Unla&,ul Business Dissolution o, Partnershi Dissolution o, Partnershi Su!6 artner Sharin/ o, ro,its !) outsi"ers Sharin/ o, ro,its !) outsi"ers Partnershi Association o, t&o or (ore ersons Association o, t&o or (ore ersons Partners ha+e to !e %o( etent %o( etent Partner len"in/ his na(e onl) No(inal artner No(inal artner

Select The Blank Question The o!*ect o, the %onsu(er Protection Act o, 1234 is to e"ucate the eo le so that the) can ,in" out ######## ,or their /rie+ances %orrect Ans&er le/al re(e"ies 'our Ans&er le/al re(e"ies

True=False Question Me(oran"u( o, a co( an) is a ri(ar) an" su re(e "ocu(ent o, the co( an)$ %orrect Ans&er True 'our Ans&er True Multi le %hoice Multi le Ans&er Question Ne/otia!le Instru(ents reco/nise" !) usa/e or custo( o, tra"e %orrect Ans&er Bank notes 0 share &arrants 0 share certi,icates 'our Ans&er share &arrants 0 share certi,icates 0 che8ues Multi le %hoice Multi le Ans&er Question Pu!lic notice is re8uire" to !e /i+en %orrect Ans&er on the "issolution o, a ,ir( &hich is re/istere" 0 on the retire(ent o, an) o, the artner o, a re/istere" ,ir( 'our Ans&er on the "issolution o, a ,ir( &hich is re/istere" 0 on retire(ent o, a "or(ant artner 0 on the retire(ent o, an) o, the artner o, a re/istere" ,ir( True=False Question An insol+ent erson can acce t or en"orse a !ill$ %orrect Ans&er False 'our Ans&er False True=False Question Directors o, a ri+ate co( an) nee" to ,ile their consent &ith the re/istrar to act as "irector or si/n an un"ertakin/$ %orrect Ans&er False 'our Ans&er True Multi le %hoice Multi le Ans&er Question The +er) i( ortant sta/es in the connection o, ,or(ation o, a co( an) are %orrect Ans&er Pro(otion 0 Re/istration 0 Floatation 'our Ans&er Pro(otion 0 Re/istration 0 Floatation Select The Blank Question Un"er ######## in,luence the "o(inant art) (a) hol" a real authorit) o+er the other art)$ %orrect Ans&er un"ue 'our Ans&er un"ue Multi le %hoice Multi le Ans&er Question ?oo"s (eans %orrect Ans&er /ro&in/ cro s 0 stocks A shares 'our Ans&er actiona!le clai(s 0 /ro&in/ cro s 0 stocks A shares Multi le %hoice Multi le Ans&er Question Pu!lic notice o, a "issolution o, ,ir( is re8uire" to !e /i+en !) %orrect Ans&er u!lishin/ the sa(e in the o,,icial /a@ette 0 u!lishin/ the sa(e in the local ne&s a er

'our Ans&er u!lishin/ the sa(e in the o,,icial /a@ette 0 u!lishin/ the sa(e in the local ne&s a er Multi le %hoice Multi le Ans&er Question E+er) Pros ectus shall state the (atters s eci,ie" in art I o, sche"ule II o, the %o( anies Act issue" !) %orrect Ans&er Or on !ehal, o, a co( an) 0 Or on !ehal, o, an) erson en/a/e" in ,or(ation o, co( an) 0 Or on !ehal, o, an) erson intereste" in ,or(ation o, co( an) 'our Ans&er Or on !ehal, o, a co( an) 0 Or on !ehal, o, an) erson en/a/e" in ,or(ation o, co( an) 0 Or on !ehal, o, an) erson intereste" in ,or(ation o, co( an) Multi le %hoice Multi le Ans&er Question Follo&in/ are the characteristics o, the artnershi at &ill %orrect Ans&er Partners are al&a)s ,ree to !reak their relationshi at their &hi( 0 It is ,or in"e,inite erio" 'our Ans&er Partners are al&a)s ,ree to !reak their relationshi at their &hi( 0 It is ,or in"e,inite erio" Multi le %hoice Sin/le Ans&er Question ?eneral o,,ers o en ,or the &orl" at lar/e can !e acce te" !) an) erson %orrect Ans&er &ho co( lies &ith the con"itions o, the o,,er 'our Ans&er in the &orl" Multi le %hoice Multi le Ans&er Question Li(ite" co( anies can !e ,or(e" ,or ro(otin/ %orrect Ans&er %o((erce 0 Art 0 Reli/ion 'our Ans&er %o((erce Multi le %hoice Multi le Ans&er Question The ,ollo&in/ t) es o, co( anies are re8uire" to ha+e their o&n articles %orrect Ans&er Unli(ite" co( anies 0 %o( anies li(ite" !) /uarantee 0 Pri+ate co( anies li(ite" !) shares 'our Ans&er Unli(ite" co( anies 0 %o( anies li(ite" !) /uarantee 0 Pri+ate co( anies li(ite" !) shares Select The Blank Question A erson un"er an) le/al or natural ######## can not a %orrect Ans&er "isa!ilit) 'our Ans&er "isa!ilit)

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True=False Question All contracts are a/ree(ents an" all a/ree(ents are contracts$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Multi le Ans&er Question Follo&in/ are the con"itions nee"e" to ro+e that an act o, a artner is an act o, a artnershi ,ir( %orrect Ans&er an act !e "one in an or"inar) course o, !usiness o, a artnershi ,ir( 0

It (ust !e relate" to the !usiness o, the ,ir( 0 Act (ust ha+e !een "one in the na(e an" on !ehal, o, the ,ir( 'our Ans&er Act "one in ersonal ca acit) 0 It (ust !e relate" to the !usiness o, the ,ir( 0 Act (ust ha+e !een "one in the na(e an" on !ehal, o, the ,ir( Multi le %hoice Sin/le Ans&er Question Actual "eli+er) o, /oo"s is also kno&n as %orrect Ans&er h)sical "eli+er) o, /oo"s 'our Ans&er h)sical "eli+er) o, /oo"s Select The Blank Question The con,ir(ation o, chan/e o, re/istere" o,,ice o, co( an) &ithin a state shall !e co((unicate" to the co( an) &ithin ######## ,ro( the "ate o, recei t o, such a lication$ %orrect Ans&er Four &eeks 'our Ans&er Four &eeks Multi le %hoice Sin/le Ans&er Question When the ti(e is not s eci,ie" ,or the "eli+er) o, /oo"s0 the /oo"s (ust !e "eli+ere"$ %orrect Ans&er Reasona!le ti(e 'our Ans&er Reasona!le ti(e Select The Blank Question 9ol"in/ out (eans ######## lea"in/ another erson to !elie+e in so(ethin/$ %orrect Ans&er ,alsel) 'our Ans&er ,orce,ull) Multi le %hoice Multi le Ans&er Question Partners !) Esto el or hol"in/ out are also calle" as %orrect Ans&er 8uasi6 artner 0 no(inal artner 'our Ans&er 8uasi6 artner 0 no(inal artner Multi le %hoice Multi le Ans&er Question Follo&in/ are the characteristics o, artnershi at &ill %orrect Ans&er artners are al&a)s ,ree to !reak their relationshi at their &hi( 0 it is ,or in"e,inite erio" 'our Ans&er artners are al&a)s ,ree to !reak their relationshi at their &hi( 0 it is ,or in"e,inite erio" Multi le %hoice Multi le Ans&er Question The (e(oran"u( o, Association is the (ost i( ortant "ocu(ent0 it acts out %orrect Ans&er The constitution 0 The ,or(ation 0 The o!*ecti+es 'our Ans&er The constitution 0 The o!*ecti+es True=False Question Alteration o, (e(oran"u( or articles etc$ to !e note" in e+er) co )$ %orrect Ans&er True 'our Ans&er True

Select The Blank Question A clu! or a societ) is an ######## o, ersons %orrect Ans&er association 'our Ans&er association Select The Blank Question Un ai" seller7s ri/ht to sto the /oo"s in transit arises onl) &hen the !u)er is ######## %orrect Ans&er Bankru t 'our Ans&er Bankru t True=False Question An auctioneer has ,ull authorit) to sell the /oo"s o, his rinci al !) ri+ate contracts$ %orrect Ans&er False 'our Ans&er False Multi le %hoice Sin/le Ans&er Question Which o, the ,ollo&in/ is the essential ele(ent o, the contract I %orrect Ans&er ,ree consent 'our Ans&er ,ree consent Select The Blank Question S ecial resolution an" con,ir(ation !) ########is re8uire" ,or alteration o, Me(oran"u($ %orrect Ans&er %o( an) La& Boar" 'our Ans&er %o( an) La& Boar" Multi le %hoice Multi le Ans&er Question The +er) i( ortant sta/es in the connection o, ,or(ation o, a co( an) are %orrect Ans&er Pro(otion 0 Re/istration 0 Floatation 'our Ans&er Pro(otion 0 Re/istration 0 Floatation