WARNING - Clicking on the "SUBMIT ASSIGNMENT" button will submit the Assignment. Be sure that you have reviewed your answers before clicking it. Attempt all the questions. All questions are...

100 MCQs


WARNING - Clicking on the "SUBMIT ASSIGNMENT" button will submit the Assignment. Be sure that you have reviewed your answers before clicking it. Attempt all the questions. All questions are compulsory. Each question carries 4 marks. There is No Negative Marking for wrong answer/s. Please note: There are 25 questions out of which Q.No.21-25 are based on the Case Study. SUBMIT ASSIGNMENT Subject Code: GM06 Subject Name: BUSINESS LAW & CORPORATE GOVERNANCE Component name: TERM END Assignment Start Date: 20/07/2021 Assignment End Date: 30/07/2021 SAVE ASSIGNMENT CLOSE Question 1:- Law is either private law or ____law. a) public b) private c) local d) family Question 2:- A breach of contract can be of _______breach. a) discharged b) illegal c) void d) None of the above Question 3:- How many parties are there to a promissory note? a) two parties b) one party c) four parties d) three parties Question 4:- A minor can be an _________. a) surety b) agent c) partner d) All of the above Question 5:- An agreement that is caused by fraud , misrepresentation & coercion is ________? a) voidable b) partially void c) valid d) All of the above Question 6:- The person which is represented as an agent ________? a) middleman b) owner c) none of these d) principal Question 7:- A share certificate once issued by the company binds it in two ways , namely by estoppel as to payment and by estoppel as to ? a) title b) profit c) dividend d) None of the above Question 8:- Contingent goods belongs to _____goods? a) existing b) future c) contingent d) None of the above Question 9:- Is voidable contract: a) partly valid agreement b) An illegal agreement c) All of these d) None of the above Question 10:- According to Contract Act , select the true about the "Contract" ? a) legal term b) binding agreement c) Always in written d) All of the above Question 11:- When the dividend on Preference capital is paid? a) whenever profits b) only if there are profits c) even if there are no profits d) only when the directors suggest and recommend it Question 12:- In general partnership entails which one of the following liability? a) unlimited liability b) limited liability c) No liability at all d) Both A and B Question 13:- Reciprocal represent the meaning of a) one sided contracts b) trilateral contracts c) bilateral contracts d) None of the above Question 14:- ____is the promise which forms the consideration or part of the consideration for each others. a) reciprocal promises b) conditional promise c) simple promise d) None of the above Question 15:- The person who is representor of an agent is? a) principle b) middle man c) principal
Jul 20, 2021
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