Legal Aspects of Business MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7 Section 8 Section 9 Section 10 Section 11

41.
Unpaid seller can exercise the right of resale of goods when

A. goods are of perishable nature

B. unpaid seller gives notice of his intention to resell

C. Both A and B

D. Neither A nor B

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42.
In the Contract of Sale, there is an implied warranty that:

A. Seller has a right to sell the goods

B. The buyer has the right to have and enjoy the quiet possession of goods only

C. The goods shall be free from any charge or encumbrance

D. The buyer has the right to have and enjoy the quiet possession of goods and that the goods shall be free from any charge or encumbrance

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43.
'A orally promises to pay to B' Rs. 1000.This promise amount to

A. bill of exchange

B. promissory note

C. cheque

D. None of these

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44.
The secretary should file a copy of the special resolution passed at the extra-ordinary general meeting to the Registrar with in:

A. 7 days

B. 30 days

C. 21 days

D. 14 days

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45.
A, a singer, enters into a contract with B, the manager of a theatre, to sing at his theatre two nights in every week during the next two months and B engages to pay her Rs. 1,000 for each night's performance. On the sixth night, A will fully absent herself from the theatre.

A. B is at liberty to put an end to the contract

B. B cannot put an end to the contract

C. Either A and B

D. None of the above

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46.
An independent director means a director other than a managing director or a whole-time director or a nominee director who does not have any material or pecuniary relationship with the company/directors. Which of the following should be the number of Independent Directors in every listed public company (fraction is to be rounded off to one)?

A. At least one-half of the total number of directors as independent directors

B. At least one-fourth of the total number of directors as independent directors

C. At least one-third of the total number of directors as independent directors

D. It can be any number

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47.
Match the following.

List-I List-II

a. Patent 1. An exclusive right to do or authorise the doing the literary, dramatic and artistic works.

b. Trademark 2. An exclusive right granted to the owner of an invention to make, use manufacture and market it.

c. Copyright 3. A visual symbol which may be a word to indicate the source of the goods, signature, name etc.

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

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

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

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

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48.
Which of the following is called the charter of a company?

A. Prospectus

B. Articles of association

C. Memorandum

D. Certificate of Incorporation

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49.
The legal provisions relating to discharge of contract by impossibility of performance are contained in

A. Section 55

B. Section 56

C. Section 58

D. Section 59

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50.
Which of the following can be changed with retrospective effect:

A. Memorandum of Association

B. Articles of Association

C. Prospectus

D. None of these

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1 2 3 4 5 6 7 8 9 10

List-I	List-II
a. Patent	1. An exclusive right to do or authorise the doing the literary, dramatic and artistic works.
b. Trademark	2. An exclusive right granted to the owner of an invention to make, use manufacture and market it.
c. Copyright	3. A visual symbol which may be a word to indicate the source of the goods, signature, name etc.

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

41. Unpaid seller can exercise the right of resale of goods when

Answer & Solution

42. In the Contract of Sale, there is an implied warranty that:

Answer & Solution

43. 'A orally promises to pay to B' Rs. 1000.This promise amount to

Answer & Solution

44. The secretary should file a copy of the special resolution passed at the extra-ordinary general meeting to the Registrar with in:

Answer & Solution

45. A, a singer, enters into a contract with B, the manager of a theatre, to sing at his theatre two nights in every week during the next two months and B engages to pay her Rs. 1,000 for each night's performance. On the sixth night, A will fully absent herself from the theatre.

Answer & Solution

Answer & Solution

Answer & Solution

48. Which of the following is called the charter of a company?

Answer & Solution

49. The legal provisions relating to discharge of contract by impossibility of performance are contained in

Answer & Solution

50. Which of the following can be changed with retrospective effect:

Answer & Solution

Read More Section(Legal Aspects of Business)

41.
Unpaid seller can exercise the right of resale of goods when

42.
In the Contract of Sale, there is an implied warranty that:

43.
'A orally promises to pay to B' Rs. 1000.This promise amount to

44.
The secretary should file a copy of the special resolution passed at the extra-ordinary general meeting to the Registrar with in:

45.
A, a singer, enters into a contract with B, the manager of a theatre, to sing at his theatre two nights in every week during the next two months and B engages to pay her Rs. 1,000 for each night's performance. On the sixth night, A will fully absent herself from the theatre.

48.
Which of the following is called the charter of a company?

49.
The legal provisions relating to discharge of contract by impossibility of performance are contained in

50.
Which of the following can be changed with retrospective effect: