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

A. bill of exchange

B. cheque

C. Promissory note

D. All of these

A. It refers to creative materials that are not protected by intellectual property laws such as copyright, trademark, or patent laws

B. The public owns these works, not an individual author or artist

C. Anyone can use a public domain work without obtaining permission, but no one can ever own it

D. All of the above

A. a-1, b-2, c-3

B. a-3, b-2, c-1

C. a-2, b-1, c-3

D. a-1, b-3, c-2

A. Cheque

B. Bill of Exchange

C. Promissory Notes

D. Dishonour by non-payment

A. He can retain the advantage received with the prior approval of the person from whom he received it

B. He can retain the advantage received without any prior permission from anyone

C. He is bound to restore it or make compensation for it to the person from whom he received it

D. He is bound to restore it or make compensation for it only when a Court order is passed in this behalf

A. Only 2

B. Both 1 and 3

C. Both 2 and 3

D. All of the above