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

A. Redemption of Redeemable preference shares, if issue of such shares is authorised by the Articles

B. Forfeiture of shares for non-payment of calls

C. Paying off any paid-up capital which is in excess of the needs of the company

D. Surrender of shares to the company by one or more shareholders

A. buyer should make payment well in time

B. buyer should be beware of all aspects of buying

C. buyer will be responsible for the whole payment

D. buyer will not be responsible at any cost

A. Doing anything which has the effect of putting goods in possession of legal representatives of seller

B. Doing anything which has the effect of putting goods in possession of any person authorized by the buyer

C. Doing anything which has the effect of putting goods in possession of the buyer

D. Doing anything which the parties agree to be treated as delivery

A. 319

B. 320

C. 410

D. 502

A. where a person stands in a fiduciary relation with the other and induces the other person to act on his directions

B. the active concealment of a fact by one having knowledge or belief of the fact

C. a promise made without any intention of performing it

D. the suggestion as a fact, of that which is not true, by one who does not believe it to be true

A. 20

B. 200

C. 500

D. None of these

A. Without obtaining certificate of incorporation

B. After obtaining certificate of incorporation

C. After obtaining certificate of commencement of business

D. As per its choice

A. UK

B. Canada

C. USA

D. Japan

A. Ministry of Home Affairs

B. Ministry of Personnel and Training

C. Ministry of Human Resource Development

D. None of the above

A. on the way to buyer's place

B. on the way to seller's place

C. on the way to place of goods

D. All of the above