Business Law Get Submit SCDL Assignment On Your Behalf and Any Information Call Me On 09873779091

BUSINESS LAW
GET SUBMIT SCDL ASSIGNMENT ON YOUR BEHALF AND ANY

INFORMATION CALL ME ON 09873779091
LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Multiple Answer
Question According to Rule 3 of the Consumer protection rules, the Central
Council consists of the following members :-
Correct Answer Minister in-charge consumer affairs in states , Minister in-charge of the
department of home , Minister in-charge of department of Commerce and Industry
our Answer Minister in-charge consumer affairs in states , Minister in-charge of the
department of home , Minister in-charge of department of Commerce and Industry

TrueF!lse
Question Copies of memorandum and articles shall not be gi!en to members"
Correct Answer #alse
our Answer #alse

TrueF!lse
Question $irectors are allowed to borrow from the public companies"
our Answer #alse

Question #ollowing are the elements which constitute a partnership
Correct Answer there must be a contract regarding a partnership , there must be an
association of two or more persons
our Answer there must be a contract regarding a partnership , there must be an
association of two or more persons

Question As per the Consumer %rotection Act, &'(), a consumer is a :-
Correct Answer A person buying goods for a consideration , A person who is a
beneficiary of ser!ices
our Answer A person buying goods for a consideration , A person who is a
beneficiary of ser!ices

Question An unregistered firm can institute a suit against
Correct Answer wrongful use of the trade mar* , wrongful use of the firm name
our Answer wrongful use of the trade mar* , wrongful use of the firm name

Question A Consumer has the following rights :-
Correct Answer +o get the education of the a!ailability of legal remedies , ,ee*
redressal against unfair trade practices , +o be informed about -uality, -uantity, potency,
purity, standard and price of goods
our Answer +o get the education of the a!ailability of legal remedies , ,ee*
redressal against unfair trade practices , +o be informed about -uality, -uantity, potency,
purity, standard and price of goods

Question +he ,tate Council consists of the following members :-
BUSINESS LAW
Correct Answer Minister in-charge of consumer affairs in the ,tate .o!t" , Members
representing such interests as may be prescribed by the ,tate .o!t"
our Answer Minister in-charge of consumer affairs in the ,tate .o!t" , Members
representing such interests as may be prescribed by the ,tate .o!t"

Multiple Choice Sin"le Answer
Question Ma/im 0Que facit per alium facit per se0 means :-
Correct Answer 1e who does through another does by himself
our Answer 1e who does through another does by himself

Select The #l!n$
Question Agents are 22222222 to act within the scope of the authority gi!en"
Correct Answer Authorised
our Answer Authorised

Question Memorandum of a public company must be signed by :-
Correct Answer ,e!en persons
our Answer ,e!en persons

TrueF!lse
Question Money order, %ostal order, ,hare Certificates, $eposit receipts and
such other documents are 3egotiable Instruments"
our Answer #alse

Question A proposes by a letter sent by post to sell a house to 4 at certain
price, 4 accepts A5s proposal - +he communication of the acceptance is complete as
against 4 :-
Correct Answer 6hen letter is recei!ed by A
our Answer 6hen letter is recei!ed by A

Select The #l!n$
Question An agency is based upon the 22222222"
Correct Answer Consent
our Answer Consent

TrueF!lse
Question An agreement to agree in future is not a contract"
Correct Answer +rue
our Answer +rue

Select The #l!n$
Question +he presumptions laid by ,ec"&&( 7 &&' of 3egotiable Instrument Act
do not arise where negotiable instrument is obtained by 22222222"
Correct Answer #raud8$eceit
our Answer #raud8$eceit

Question %resumptions do not arise where an instrument is obtained by :-
BUSINESS LAW
Correct Answer #raud , 9ffence , Illegal consideration
our Answer Illegal consideration , #raud , 9ffence

Select The #l!n$
Question As per ,":;&< ;f< of the Consumer %rotection Act, defect means any
22222222 in the -uality of goods"
Correct Answer ,hortcoming
our Answer ,hortcoming

TrueF!lse
Question +he change of name shall affect all the rights and obligations of the
company"
our Answer #alse

Select The #l!n$
Question =nfair trade practice includes a representation made to public in a
form that purports to be a 22222222 of a product"
Correct Answer 6arranty
our Answer 6arranty

Question #ollowing agreements are opposed to public policy :-
Correct Answer Agreement to commit crime , Agreements interfering with an
administration of >ustice
our Answer Agreement to commit crime , Agreements interfering with an
administration of >ustice

Question Agreement is a contract !oidable at the option of the party to an
agreement to ma*e a mista*e as to :-
Correct Answer +he agreement , +he contract sub>ect to a specific conditions , +he
sub>ect matter of the thing
our Answer +he agreement , +he contract sub>ect to a specific conditions , +he
sub>ect matter of the thing

M!tch The Followin"
Question Correct Answer our Answer
Minor %artner Admitted for profits only Admitted for profits only
$issolution of a %artnership $eath or Insanity of the partners
$eath or Insanity of the partners
#irm %artners %artners
%artner Agents of the firm Agents of the firm
%artnership Can be formed at 6ill Can be formed at 6ill

BUSINESS LAW
Question ?imited companies can be formed for promoting :-
Correct Answer Religion , Commerce , Art
our Answer Commerce , Art , Religion

M!tch The Followin"
Question Correct Answer our Answer
$issolution of partnership at will .i!ing due notice" .i!ing
due notice"
$omicile of partnership firm %artnership $eed
%artnership $eed
Registration of partnership 3ot mandatory 3ot
mandatory
Can be sued in its own name %artnership firm
%artnership firm

Question A Che-ue is always payable on :-
Correct Answer $emand
our Answer $emand

Question An unregistered firm can bring an action in any court of ?aw against
Correct Answer a partner who steals the property of the partnership firm , a partner
who purposely damages the property of the partnership firm
our Answer a partner who steals the property of the partnership firm , a partner
who purposely damages the property of the partnership firm

Select The #l!n$
Question +he directors of a company ha!e to file their consent with the
22222222 to act as director"
Correct Answer Registrar
our Answer Registrar

TrueF!lse
Question An agreement is defined as a contract at its inception"
Correct Answer +rue
our Answer +rue

Select The #l!n$
Question An agent is simply a blan* 22222222 between his principal and the
third party"
Correct Answer Connecting lin*
our Answer Connecting lin*

Question =npaid seller5s Right to stop the goods in transit arises only when the
buyer becomes :-
BUSINESS LAW
Correct Answer Insol!ent
our Answer Insol!ent

Question If the principal comes to *now that the agent has dishonestly
concealed from him any material fact, the principal :-
Correct Answer Can repudiate the transaction , May affirm such transaction , May
claim damages for loss
our Answer Can repudiate the transaction , May affirm such transaction , May
claim damages for loss

Question +he meaning of the term @Ca!eat AmptorB is :-
Correct Answer ?et the buyer beware
our Answer ?et the buyer beware

Select The #l!n$
Question ,helf prospectus is a prospectus issued by any 22222222 institutions
for one or more issues of the securities"
Correct Answer #inancial
our Answer #inancial

TrueF!lse
Question 0I promise to pay Mr"Cohn Rs"DEE8- se!en days after my marriage with
Miss ?ucy0 is a promissory note"
our Answer #alse

Question A Company after its registration, possesses :-
Correct Answer ?egal entity
our Answer ?egal entity

Question According to the Consumer %rotection Act, &'(), a ser!ice includes :-
Correct Answer #inancial ser!ice , Antertainment
our Answer #inancial ser!ice , Antertainment

Question ,ometimes contracts are entered into on behalf of the company before
its incorporation, such pre-incorporation contracts are :-
Correct Answer 4inding
our Answer 4inding

Select The #l!n$
Question +here should be a 22222222 and real necessity for creating an
agency"
Correct Answer $efinite
our Answer $efinite

Select The #l!n$
BUSINESS LAW
Question %artnership business carried on continuous losses, the court may
order to 22222222 the firm"
Correct Answer $issol!e
our Answer $issol!e

TrueF!lse
Question A!en if all the members of a company are citiFens of India, the
company does not become a citiFen of India"
Correct Answer +rue
our Answer +rue

Question +he e/ceptions to the 6agering Agreement are :-
Correct Answer Cross-word competitions , 1orse-race
our Answer Cross-word competitions , 1orse-race

Question 3egotiable Instrument can be drawn or accepted by duly authorised
agent on behalf of :-
Correct Answer %rinciple
our Answer %rinciple

Question #ollowing are the conditions needed to pro!e an act of a partner is an
act of a partnership firm
Correct Answer such a act be done in a ordinary course of a partnership firm , it must
be related to the business of the firm , act must ha!e been done in the name and on
behalf of the firm
our Answer such a act be done in a ordinary course of a partnership firm , it must
be related to the business of the firm , act must ha!e been done in the name and on
behalf of the firm

Question #ollowing persons can not be called partners
Correct Answer minors , insol!ents , co-owners without the agreement to carry on the
business
our Answer minors , insol!ents , co-owners without the agreement to carry on the
business

Question +here can not be any partnership where a business is carried on
Correct Answer with a bene!olent purpose , where any one of the partners is entitled
to total profit earned
our Answer with a bene!olent purpose , where any one of the partners is entitled
to total profit earned

Select The #l!n$
Question A Company sub>ect to the pro!isions of section 3: of the companies
act as unlimited may register under this Act as a 22222222"
Correct Answer ?imited company
our Answer ?imited company

BUSINESS LAW

Business Law Get Submit SCDL Assignment On Your Behalf and Any Information Call Me On 09873779091

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