Legal Aspects of Business MCQ Questions and Solutions with Explanations | Commerce

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91.
Which of the following is an exception to the Doctrine of Constructive Notice:

A. Doctrine of Ultra Vires

B. Doctrine of Distinct Entity

C. Doctrine of Indoor Management

D. Lifting the Corporate Veil

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92.
Which of the following options is correct as far as definition of 'buyer' is concerned under Section 2(1) of Sale of Goods Act?

A. Person who buys goods and services

B. Person who agrees to buy goods

C. Person who buys or agrees to buy goods

D. Person who buys or agrees to buy goods and services

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93.
All agreements are . . . . . . . . if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void.

A. Standard forms of contracts

B. Contracts

C. Enforceable Contracts

D. Quasi contracts

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94.
A contracts to pay B a sum of money when B marries C. C dies without being married to B.

A. The contract still can be forced

B. The contract becomes void

C. Either A or B

D. None of the above

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95.
A company secretary maintains and prepares:

A. Agenda and minutes

B. Wage sheet

C. Audit report

D. Financial transactions

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96.
Memorandum of Association is/are

A. Internal rules of the Company

B. Guidelines for Board of Directors

C. Agreement between Company and Board of Directors

D. Charter of the Company

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97.
Under which section of Negotiable Instrument Act, 1882, the 'Dishonour of Negotiable Instrument by Non-Payment' is covered?

A. Section 90

B. Section 91

C. Section 92

D. Section 93

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98.
Which of the following funds was created by PM on 28^th March 2020, with the primary objective of dealing with any kind of emergency or distress situation, like posed by the COVID-19 pandemic?

A. PM Health Fund

B. PM Pandemic Fund

C. PM Universal Fund

D. PM CARES Fund

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99.
A statement of change in financial position typically would NOT disclose the effect of

A. share capital issued to acquire productive facilities

B. Dividends on share declared

C. cash dividend declared but not yet paid

D. purchase and retirement of treasury stock

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100.
A person liable to contribute towards the assets of the company on the event of its being wound-up is a . . . . . . . .

A. liquidator

B. solicitor

C. contributory

D. tribunal

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Legal Aspects of Business MCQ Questions and Solutions with Explanations | Commerce

91. Which of the following is an exception to the Doctrine of Constructive Notice:

Answer & Solution

92. Which of the following options is correct as far as definition of 'buyer' is concerned under Section 2(1) of Sale of Goods Act?

Answer & Solution

93. All agreements are . . . . . . . . if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void.

Answer & Solution

94. A contracts to pay B a sum of money when B marries C. C dies without being married to B.

Answer & Solution

95. A company secretary maintains and prepares:

Answer & Solution

96. Memorandum of Association is/are

Answer & Solution

97. Under which section of Negotiable Instrument Act, 1882, the 'Dishonour of Negotiable Instrument by Non-Payment' is covered?

Answer & Solution

98. Which of the following funds was created by PM on 28th March 2020, with the primary objective of dealing with any kind of emergency or distress situation, like posed by the COVID-19 pandemic?

Answer & Solution

99. A statement of change in financial position typically would NOT disclose the effect of

Answer & Solution

100. A person liable to contribute towards the assets of the company on the event of its being wound-up is a . . . . . . . .

Answer & Solution

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91.
Which of the following is an exception to the Doctrine of Constructive Notice:

92.
Which of the following options is correct as far as definition of 'buyer' is concerned under Section 2(1) of Sale of Goods Act?

93.
All agreements are . . . . . . . . if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void.

94.
A contracts to pay B a sum of money when B marries C. C dies without being married to B.

95.
A company secretary maintains and prepares:

96.
Memorandum of Association is/are

97.
Under which section of Negotiable Instrument Act, 1882, the 'Dishonour of Negotiable Instrument by Non-Payment' is covered?

98.
Which of the following funds was created by PM on 28^th March 2020, with the primary objective of dealing with any kind of emergency or distress situation, like posed by the COVID-19 pandemic?

99.
A statement of change in financial position typically would NOT disclose the effect of

100.
A person liable to contribute towards the assets of the company on the event of its being wound-up is a . . . . . . . .