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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-5 section-5

Each section contains 100 MCQs on Legal Aspects of Business .
41
Unpaid seller can exercise the right of resale of goods when
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Answer & Solution
Answer: Option C
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42
In the Contract of Sale, there is an implied warranty that:
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Answer: Option D
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43
'A orally promises to pay to B' Rs. 1000.This promise amount to
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Answer: Option D
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44
The secretary should file a copy of the special resolution passed at the extra-ordinary general meeting to the Registrar with in:
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Answer: Option B
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45
A, a singer, enters into a contract with B, the manager of a theatre, to sing at his theatre two nights in every week during the next two months and B engages to pay her Rs. 1,000 for each night's performance. On the sixth night, A will fully absent herself from the theatre.
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Answer: Option A
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46
An independent director means a director other than a managing director or a whole-time director or a nominee director who does not have any material or pecuniary relationship with the company/directors. Which of the following should be the number of Independent Directors in every listed public company (fraction is to be rounded off to one)?
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Answer: Option C
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47
Match the following.
List-I List-II
a. Patent 1. An exclusive right to do or authorise the doing the literary, dramatic and artistic works.
b. Trademark 2. An exclusive right granted to the owner of an invention to make, use manufacture and market it.
c. Copyright 3. A visual symbol which may be a word to indicate the source of the goods, signature, name etc.
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Answer: Option B
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48
Which of the following is called the charter of a company?
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Answer: Option C
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49
The legal provisions relating to discharge of contract by impossibility of performance are contained in
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Answer: Option B
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50
Which of the following can be changed with retrospective effect:
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Answer: Option B
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