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Multiple Choice Multiple Answer Question The District Protection Council shall consist of the following members :Correct Answer True/False Question Correct Answer The Collector of District , Members representing such interests as may be prescribed by the State Govt.
An agency cannot be terminated at all. In other words a contract of agency is perpetual. False
Multiple Choice Multiple Answer Question The order of the Commission can be set aside by :Correct Answer True/False Question Correct Answer True/False Question Correct Answer The Supreme Court , The National Commission
Special agent and Particular agent mean one and the same thing. True
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 such a act be done in a ordinary course of a partnership firm , it must be related Answer to the business of the firm , act must have been done in the name and on behalf of the firm True/False Question Correct Answer Question Correct Answer True/False Question
"Law" means a set of rules and regulations in the nature of dictatorship. False
Subsidiary company can hold shares and can acquire membership of the holding company.
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Correct Answer Multiple Choice Multiple Answer Question Following persons can not be called partners
Publication of prospectus is not at all necessary for the companies for raising the capital from public. False
Correct minors , insolvents , co-owners without the agreement to carry on the business Answer Your Answer minors , insolvents , co-onwers with the agreement to carry on the business
Match The Following Question Unlawful Business Sub-partner Partnership Partners have to be
Sharing of profits by outsiders Sharing of profits by outsiders Association of two or more persons Competent Association of two or more persons Competent Nominal partner
Multiple Choice Single Answer Question The goods, which are owned and possessed by the seller at the time of sale, are known as :Correct Existing goods/Specific goods Answer Question Correct Answer Question Correct Answer There are two types or kinds of capital of a company, i.e. owned capital and borrowed capital. True
Partnership business carried on continuous losses, the court may order to ________ the firm. Dissolve
Multiple Choice Multiple Answer Question The acts or transactions made by the agent can be ratified if the acts or transaction are :Correct Illegal , Criminal , Void ab initio Answer
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Shelf prospectus is a prospectus issued by any ________ institutions for one or more issues of the securities. Financial
Multiple Choice Multiple Answer Question A company is registered as an artificial person. It has no :Correct Body , Soul , Conscience Answer Multiple Choice Multiple Answer Question Promissory note must be in :Correct Answer Question Correct Answer Question In writing , Definite , Unconditional
Multiple Choice Single Answer Question A pardanashin woman means a woman who :Correct Observes seclusion, because of custom Answer Your Answer Uses parda in her daily intercourse Multiple Choice Single Answer Question Mr. Manik appoints Mr. Naveen as his agent to sell the goods at Rs.10,000/- on his behalf. Mr. Naveen sells the goods for Rs.12,000/- . Who is liable to account for it to? Correct Mr. Naveen Answer Multiple Choice Multiple Answer Question An unregistered firm can institute a suit against Correct wrongful use of the trade mark , wrongful use of the firm name Answer Your Answer wrongful use of the firm name , the partner for settlement of firm's account , the partner for any claim of set-off
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Multiple Choice Single Answer Question The person who is authorised to appoint / employ an agent is :Correct Answer A person of sound mind
Multiple Choice Multiple Answer Question A condition is a type of stipulation and has following characteristics :Correct A breach of it gives the suffered party the one & only one Right to repudiate the Answer contract , It is of the subsidiary character Your Answer It is of fundamental in nature , It directly goes to the root of the contract , A breach of it gives the suffered party the one & only one Right to repudiate the contract Multiple Choice Single Answer Question If any member of the Central Council wants to resign from the Central Council, he may do so by a letter addressed to the :Correct Chairman Answer 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. An intention to create legal relations is one of the most important criterions to establish a contract. True
Multiple Choice Multiple Answer Question In India, some of Negotiable Instruments by usage or custom of trade are :-
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A partner can not transfer his share to any outsider without obtaining :Consent of other partners
Constitution and objects of the Memorandum company Govern the internal affairs of the company Document includes any notice, circulation, advertisement etc. Question Correct Answer Question Articles of Association Prospectus
If there is a breach of condition, a buyer has an option to claim :Damages The State Council consists of the following members :-
Correct Minister in-charge of consumer affairs in the State Govt. , Members Answer 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. , Members representing such interests as may be prescribed by the Central Council Question Correct Answer Question Correct Answer Question Correct Answer The person who buys the goods for trading purposes is not a ________ under the Consumer Protection Act, 1986. Consumer
Which of the following is the essential element of the contract ? Free consent
When the partners select to adopt certain firm name which is identical with the firm name already in existence, then such name is :Legal
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The act done by the agent with the permission and on behalf of the principal is ________ on the principal. Binding
Where the transfer of property in the goods is to take place at a future time it is called :Agreement to sell
Partnership is an association of three or more persons formed to run the business and share the profits earned in the business. False
The property in the Negotiable Instrument passes from one person to another person by ________ delivery. Mere/ Simple
Multiple Choice Multiple Answer Question A company is a legal personality and as such it can :Correct Answer Question Own its property in its own name , Enjoy its property in its own name , Dispose of its property in its own name Following are the elements which constitute a partnership
Correct there must be a contract regarding a partnership , there must be an association Answer 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 Multiple Answer Question Classification of companies based on the jurisdiction of functioning is :Correct Answer A National Company , Multinational Company , Foreign Company
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