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

A. non-delivery of goods

B. possession of goods

C. compensation

D. All of these

A. Registrar of companies

B. Outside persons dealing with companies

C. Middle level management

D. None of the above

A. diskettes

B. floppies

C. tapes

D. All of these

A. 10

B. 20

C. 30

D. 40

A. Writing, registration and legal formalities forms an essential element of a contract

B. Registration is compulsory in partnership contract

C. Registration is not mandatory in case of documents falling within the parview of Sec. 17 of the Registration Act

D. Possibility of performance clause is not applicable in the essential elements of a contract

E. Whenever one or more persons promise to one or others to do or not to do something is known as contract

A. Any known liability the amount of which can be ascertained with substantial accuracy

B. Any known liability the amount of which cannot be ascertained with substantial accuracy

C. Any unknown liability

D. Any general or specific purpose

A. An ordinary resolution

B. A special resolution

C. On approval of the central government

D. A special resolution and with approval of the central government

A. Officers of the Company

B. Directors the Company

C. Creditors the Company

D. Auditors of the Company

A. Luxury articles and demerit goods

B. All goods

C. Petroleum products and Alcohol

D. Consumer goods

A. I, II and IV only

B. II, III and IV only

C. I and II only

D. III and IV only