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-2 section-3
Each section contains 100 MCQs on
Legal Aspects of Business .
Consider the following statements: Assertion (A): The number of members in a company is 20 and hence the company is a private company. Reason (R): According to the Companies Act, 1956 a private company is one, the number of members of which does not exceed 50.
A offers to sell B his car for Rs. 2,00,000. C standing nearby says, "I will take it if B does not take it." B is not interested in the car. What will be the position if C says to A, "here is the money, I take the car."
Which of the following is/are true in the context of quasi-contract?
1. There is no real contract in existence.
2. There is no offer and acceptance.
3. There is no intention to create contract.
Select the correct answer
Sub-section (1) of section 100 empowers the board of directors to call extraordinary general meeting as and when it is deemed necessary. Which of the following is authorized to convene extra-ordinary general meeting?
Any document, filed with the Registrar, will be deemed to have been read and understood by all those who deal with the company. It is as per the doctrine of:
Which of the following statement is/are correct
1. It is mandatory to register the company
2. The liability of the members in the company is unlimited
3. The shares of the company can be transferred
Select your answer
