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-8 section-7
Each section contains 100 MCQs on
Legal Aspects of Business .
Which of the following does not from the bottom of the important information to be incorporated in the memorandum of association as specified in the companies Act, 2013?
"A company is an artificial person created by law having a separate entity with a perpetual succession and a common seal." Who has made this statement?
The contract of indemnity is valid under which of the following conditions?
1. there is a promise
2. to save another person from loss or make good the loss
3. which may be caused by the conduct of the promisor himself or by the conduct of any other person
4. the promisor undertakes to make good the loss
5. it covers indemnity for loss caused by human only
Where the seller expressly reserves the right of resale in case the buyer makes a default. If there are losses to the seller, on a resale, the seller . . . . . . . .
