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

A. Greek word

B. Indian word

C. Latin word

D. British word

A. Tie-in-arrangement

B. Exclusive supply agreement

C. Exclusive distribution agreement

D. Refusal to deal

A. Oppression of minority by the majority

B. Inability to pay debts

C. Commercial insolvency

D. Reduction of members below minimum

A. Agreement in restraint of marriage

B. Agreement which is expressed in writing and registered under the law for the time being in force for the registration of documents, and is made on account of natural love and affection between parties standing in a near relation to each other

C. Agreement to compensate, wholly or in part, a person who has already voluntarily done something for the promisor, or something which the promisor was legally compellable to do

D. Agreement made inwriting and signed by the person to be charged therewith or by his agent generally or specially authorized in that behalf, to pay wholly or in part debt of which the creditor might have enforced payment but for the law for the limitation of suits

A. The bailment of goods as security for payment of a debt or performance of a promise

B. The delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the direction of the person delivering them

C. A contract by which one party promises to save the other from loss caused to him by the contract of the promisor himself, or by the conduct of any other person

D. A contract to do or not to do something, if some event, collateral to such contract, does or does not happen

A. 6

B. 5

C. 4

D. 3

A. becomes void on account of impossibility

B. becomes voidable on account of difficulty

C. is discharged on account of impossibility

D. is not discharged on account of impossibility

A. Sale

B. Agreement to sell

C. Both A and B

D. Neither A nor B

A. all non-government organisation substantially financed by political parties

B. all body owned, controller or substantially financed by the appropriate government

C. all non-government organisation substantially financed by the appropriate government

D. All of the above

A. Board of Directors

B. State Government

C. Central Government

D. None of the above