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

A. Company secretary

B. Board of directors

C. Registrar of companies

D. company auditor

A. Only existing goods owned or possessed by the owner

B. Only Future goods

C. Existing goods which are neither owned nor possessed by the owner

D. Existing goods, owned or possessed by the owner or future goods

A. Buyer or his agent lawfully obtains delivery

B. Seller has waived his right of lien

C. Goods delivered to carrier

D. All of the above

A. The Managing Director

B. The Board of Directors

C. The members of the Company at the Annual General Meeting

D. A special resolution passed at the General Meeting of the Company

A. It does not have the shape of a natural person

B. It cannot be sued in the court of law

C. It is invisible and intangible

D. It exists only in contemplation of law

A. A seller to whom the whole of the price has not been paid or tendered

B. A seller to whom more than half of the price has been paid or tendered

C. A seller who has received a bill of exchange as conditional payment and the condition on which it was received has not been fulfilled by reason of the dishonour of the instrument or otherwise

D. A seller who has received a negotiable instrument as conditional payment and the condition on which it was received has not been fulfilled by reason of the dishonour of the instrument or otherwise

A. Contract of indemnity

B. Contract of surety

C. Contract of pledge

D. Contract of guarantee

A. It should be in writing only

B. Free consent of parties competent to contract

C. Lawful consideration and with a lawful object

D. It should not be declared void expressly

A. he is of the age of majority according to the law to which he is subject

B. he is of sound mind

C. he not disqualified from contracting by any law to which he is subject

D. all of the above

A. Horizontal

B. Vertical

C. Diagonal

D. Conglomerate