|
|
|
|
Multiple
Choice Multiple Answer
|
|
Question
|
There is always a
direct privity of contract between the principal and the following
|
|
Correct
Answer
|
substituted agent
, co-agent , general agent
|
|
Your
Answer
|
substituted agent
, co-agent , general agent
|
|
|
|
|
True/False
|
|
Question
|
Sections 1 to 75
of the Indian Contract Act, 1872 provides for the special contracts.
|
|
Correct
Answer
|
False
|
|
Your
Answer
|
False
|
|
|
|
|
Multiple
Choice Single Answer
|
|
Question
|
For the existence
of a partnership there must be an association of
|
|
Correct
Answer
|
Two or more
persons
|
|
Your
Answer
|
Two or more
persons
|
|
|
|
|
True/False
|
|
Question
|
The company cannot
exceed the powers conferred on it by its memorandum
|
|
Correct
Answer
|
True
|
|
Your
Answer
|
True
|
|
|
|
|
Match The
Following
|
|
Question
|
Correct Answer
|
Your Answer
|
|
|
Minor Partner
|
Admitted for
profits only
|
Admitted for
profits only
|
|
|
Dissolution of a
Partnership
|
Death or
Insanity of the partners
|
Death or Insanity
of the partners
|
|
|
|
|
Partner
|
Agents of the
firm
|
Agents of the
firm
|
|
|
Partnership
|
Can be formed at
Will
|
Can be formed at
Will
|
|
|
|
|
|
Multiple
Choice Single Answer
|
|
Question
|
A company which
has a control over a subsidiary company is a
|
|
Correct
Answer
|
Holding company
|
|
Your
Answer
|
Holding company
|
|
|
|
|
Multiple
Choice Single Answer
|
|
Question
|
A Company, when
registered with limited liability under the Companies Act 1956, shall be
deemed to be a company
|
|
Correct
Answer
|
Limited by shares
|
|
Your
Answer
|
Limited by shares
|
|
|
|
|
Multiple
Choice Multiple Answer
|
|
Question
|
Following are the
elements which constitute a partnership
|
|
Correct
Answer
|
there must be a
contract regarding a partnership , there must be an association of two or
more persons
|
|
Your
Answer
|
there must be a
contract regarding a partnership , the main object of carry on the business
must be sharing of liabilities , there must be an association of two or
more persons
|
|
|
|
|
Multiple
Choice Single Answer
|
|
Question
|
According to the
Consumer Protection Act of 1986, goods means as defined under
|
|
Correct
Answer
|
Sale of Goods Act, 1930
|
|
Your
Answer
|
Sale of Goods Act, 1930
|
|
|
|
|
Multiple
Choice Multiple Answer
|
|
Question
|
Presumptions do
not arise where an instrument is obtained by
|
|
Correct
Answer
|
fraud , offence ,
illegal consideration
|
|
Your
Answer
|
fraud , offence ,
illegal consideration
|
|
|
|
|
Multiple
Choice Multiple Answer
|
|
Question
|
In the absence of
usage or custom of trade to the contrary, the implied authority of a
partner does not empower him to
|
|
Correct
Answer
|
acquire movable
property on behalf of the firm , transfer movable property belonging to the
firm
|
|
Your
Answer
|
admit any liability
in a suit or proceedings against the firm , withdraw a suit or proceeding
filed on behalf of the firm
|
|
|
|
|
Multiple
Choice Single Answer
|
|
Question
|
Acceptance should
be made in
|
|
Correct
Answer
|
The manner
prescribed by the promisor and if not prescribed in any reasonable manner
|
|
Your
Answer
|
The manner
prescribed by the promisor and if not prescribed in any reasonable manner
|
|
|
|
|
Multiple
Choice Multiple Answer
|
|
Question
|
Documents to be
presented for the registration of a company with the registrar are
|
|
Correct
Answer
|
The memorandum of
the company , Its articles , The agreement, if any
|
|
Your
Answer
|
The memorandum of
the company , Its articles , The agreement, if any
|
|
|
|
|
Multiple
Choice Single Answer
|
|
Question
|
Sale is a contract plus
|
|
Correct
Answer
|
conveyance
|
|
Your
Answer
|
commitment
|
|
|
|
|
True/False
|
|
Question
|
An agency can be
terminated after lapse of time or completion of the work.
|
|
Correct
Answer
|
True
|
|
Your
Answer
|
True
|
|
|
|
|
Select The
Blank
|
|
Question
|
A club or a
society is an ________ of persons
|
|
Correct
Answer
|
association
|
|
Your
Answer
|
association
|
|
|
|
|
Match The
Following
|
|
Question
|
Correct Answer
|
Your Answer
|
|
|
Minor's
Agreement
|
Void ab initio
|
Void ab initio
|
|
|
Threatning to
commit
|
Coercion
|
Coercion
|
|
|
Consideration
|
Past, Present
and Future
|
Past, Present
and Future
|
|
|
Mistake
|
Fact and Law
|
Fact and Law
|
|
|
|
|
|
Multiple
Choice Multiple Answer
|
|
Question
|
If the principal
comes to know that the agent has dishonestly concealed from him any
material fact, the principal
|
|
Correct
Answer
|
can repudiate the
transaction , may affirm such transaction , may claim damages for loss
|
|
Your
Answer
|
can repudiate the
transaction , may affirm such transaction , may claim damages for loss
|
|
|
|
|
Multiple
Choice Multiple Answer
|
|
Question
|
In the absence of
usage or custom of trade to the contrary, the implied authority of a
partner does not empower him to
|
|
Correct
Answer
|
Acquire movable
property on behalf of the firm , transfer movable property belonging to the
firm
|
|
Your
Answer
|
admit any
liability in a suit or proceedings against the firm , enter into
partnership on behalf of the firm
|
|
|
|
|
Multiple
Choice Multiple Answer
|
|
Question
|
Following are the
persons who cannot enter into partnership firm
|
|
Correct
Answer
|
A Burmese Buddhist
husband and wife carrying on business , the members of Hindu Undivided
Family carrying on Family business
|
|
Your
Answer
|
A Burmese Buddhist
husband and wife carrying on business , the members of Hindu Undivided
Family carrying on Family business
|
|
|
|
|
Multiple
Choice Multiple Answer
|
|
Question
|
Amendments made in
the Consumer Protection Act in 1993 are
|
|
Correct
Answer
|
To add
"services" relating to housing constructions , To enable filing
class action complaints , To impose punishment on the complainant in cases
of vexatious complaint.
|
|
Your
Answer
|
To add
"services" relating to housing constructions , To enable filing
class action complaints , To impose punishment on the complainant in cases
of vexatious complaint.
|
|
|
|
|
Multiple
Choice Multiple Answer
|
|
Question
|
A person is
considered the holder of Negotiable Instruments if
|
|
Correct
Answer
|
his name appear on
an instrument , he is in possession of bearer instrument , he is the
endorses of a cheque
|
|
Your
Answer
|
his name appear on
an instrument , he is in possession of bearer instrument , he is the
endorses of a cheque
|
|
|
|
|
Multiple
Choice Multiple Answer
|
|
Question
|
Following are the
conditions needed to prove an act of a partner is an act of a partnership
firm
|
|
Correct
Answer
|
such a act be done
in a ordinary course of a partnership firm , it must be related to the
business of the firm , act must have been done in the name and on behalf of
the firm
|
|
Your
Answer
|
such a act be done
in a ordinary course of a partnership firm , it must be related to the
business of the firm , act must have been done in the name and on behalf of
the firm
|
|
|
|
|
Multiple
Choice Multiple Answer
|
|
Question
|
The three
ingredients in the performance of a contract of sale by the seller are
|
|
Correct
Answer
|
Transfer of
property in goods , The passing of the risk , Delivery of goods
|
|
Your
Answer
|
Transfer of
property in goods , The passing of the risk , Delivery of goods
|
|
|
|
|
Multiple
Choice Multiple Answer
|
|
Question
|
Instruments
payable on demand are
|
|
Correct
Answer
|
Cheque ,
Promissory Note , Bill of Exchange
|
|
Your
Answer
|
Cheque ,
Promissory Note , Bill of Exchange
|
|
|
|
|
Select The
Blank
|
|
Question
|
Ratification is
one of the ways of ________ agency.
|
|
Correct
Answer
|
creating
|
|
Your
Answer
|
creating
|
|
|
|
|
True/False
|
|
Question
|
The membership of
the association of company shall cease on the dissolution of the firm.
|
|
Correct
Answer
|
True
|
|
Your
Answer
|
True
|
|
|
|
|
Select The Blank
|
|
Question
|
Members of a club
or a society are the ________ of each other.
|
|
Correct
Answer
|
friends
|
|
Your
Answer
|
partners
|
|
|
|
|
Multiple
Choice Multiple Answer
|
|
Question
|
The State Council
consists of the following members
|
|
Correct
Answer
|
Minister in-charge
of consumer affairs in the State Govt. , Members representing such
interests as may be prescribed by the State Govt.
|
|
Your
Answer
|
Minister in-charge
of consumer affairs in the State Govt. , Members representing such
interests as may be prescribed by the State Govt.
|
|
|
|
|
Multiple
Choice Single Answer
|
|
Question
|
Sale is a contract plus
|
|
Correct
Answer
|
executed contract
|
|
Your
Answer
|
executory contract
|
|
|
|
|
Select The
Blank
|
|
Question
|
An agent is simply
blank a ________ between his principal and the third party.
|
|
Correct
Answer
|
connecting link
|
|
Your
Answer
|
connecting link
|
|
|
|
|
True/False
|
|
Question
|
Railway or S.T.
Receipts, Dividend, Warrants, Railway Bonds are not Negotiable Instrument.
|
|
Correct
Answer
|
False
|
|
Your
Answer
|
False
|
|
|
|
|
True/False
|
|
Question
|
A contract of sale
of goods is a contract whereby the seller transfers or agrees to transfer
the property in goods to the buyer for a price
|
|
Correct
Answer
|
True
|
|
Your
Answer
|
True
|
|
|
|
|
Select The
Blank
|
|
Question
|
The property in
the Negotiable Instrument passes from one person to another person by
________ delivery.
|
|
Correct
Answer
|
Mere/ Simple
|
|
Your
Answer
|
Mere/ Simple
|
|
|
|
|
True/False
|
|
Question
|
The principal can
ratify unauthorised act of an agent.
|
|
Correct
Answer
|
False
|
|
Your
Answer
|
True
|
|
|
|
|
Select The
Blank
|
|
Question
|
An order of the
court asking a person to do or to abstain from doing a particular act,
which is the subject matter of the contract, is known as ________.
|
|
Correct
Answer
|
Injuction
|
|
Your
Answer
|
Injuction
|
|
|
|
|
Multiple
Choice Single Answer
|
|
Question
|
A partner who
invests capital & share profits but do not take active part in firm's
business is
|
|
Correct
Answer
|
a dormant or
sleeping partner
|
|
Your
Answer
|
a dormant or
sleeping partner
|
|
|
|
|
Select The
Blank
|
|
Question
|
Special resolution
and confirmation by ________is required for alteration of Memorandum.
|
|
Correct
Answer
|
Company Law Board
|
|
Your
Answer
|
Company Law Board
|
|
|
|
|
Select The
Blank
|
|
Question
|
The object of the
Consumer Protection Act of 1986 is to educate the people so that they can
find out ________ for their grievances
|
|
Correct
Answer
|
legal remedies
|
|
Your
Answer
|
legal remedies
|
|
|
|
|
Multiple
Choice Multiple Answer
|
|
Question
|
Following are the
characteristics of the partnership at will
|
|
Correct
Answer
|
Partners are
always free to break their relationship at their whim , It is for
indefinite period
|
|
Your
Answer
|
Partners are
always free to break their relationship at their whim , It is for
indefinite period
|
|
|
|
|
Multiple
Choice Single Answer
|
|
Question
|
The intention of
the Negotiable Instrument Act is to govern
|
|
Correct
Answer
|
legal relationship
|
|
Your
Answer
|
legal relationship
|
|
|
|
|
True/False
|
|
Question
|
If all the members
of a company are married, the company would not be a married person.
|
|
Correct
Answer
|
True
|
|
Your
Answer
|
True
|
|
|
|
|
Select The
Blank
|
|
Question
|
A firm is a name
given to the partners ________
|
|
Correct
Answer
|
collectively
|
|
Your
Answer
|
collectively
|
|
|
|
|
True/False
|
|
Question
|
An agreement to
sell takes place in the case of existing goods or specific goods.
|
|
Correct
Answer
|
False
|
|
Your
Answer
|
False
|
|
|
|
|
Multiple
Choice Single Answer
|
|
Question
|
Which authority of
an agent can be inferred from the circumstances of the case ?
|
|
Correct
Answer
|
implied
|
|
Your
Answer
|
implied
|
|
|
|
|
Multiple
Choice Multiple Answer
|
|
Question
|
Section 2. of
Indian Contract Act defines proposal as
|
|
Correct
Answer
|
when one person
communicates his desire to do something for another to obtain the assent of
another that is a proposal. , when one person signifies to another his
willingness to do or to abstain with a view to obtain the consent of
another that is a proposal.
|
|
Your
Answer
|
when one person
communicates his desire to do something for another to obtain the assent of
another that is a proposal.
|
|
|
|
|
Multiple
Choice Single Answer
|
|
Question
|
The object of
carrying on a business must be
|
|
Correct
Answer
|
Sharing of profits
|
|
Your
Answer
|
Sharing of profits
|
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