Legal Aspects of Business MCQ Questions and Solutions with Explanations | Commerce
Legal Aspects of Business MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Legal Aspects of Business MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-10 section-4
Each section contains 100 MCQs on
Legal Aspects of Business .
Which of the following can be termed as the features of Limited Liability Partnership?
1. Hybrid form of organization
2. Separate legal entity
3. Perpetual Succession
4. Larger owner/manager distinction
5. Limited liability
X transfers possession or custody of the farmland to his son, S. S shall pay rent or a lease fee in return. S only receives custody and control of the property, but X still owns it. X is thus responsible for paying the property taxes and is liable for what happens on the land. This kind of contract or arrangement is called:
The time interval between two annual general meeting should not exceed
Or
The maximum time lag between two annual general meetings of a company can be:
When consent to an agreement is caused by coercion, fraud or misrepresentation, the agreement is a contract . . . . . . . . whose consent was so caused.
