Legal Aspects Of Business - Practice Test

[#546] Which of the following are true about conditions according to the Sale of Goods Act? 1. Title 2. Description 3. Quite possession 4. Encumbrances Choose the correct answer from the following options:

(A) 1 and 4 only

(B) 2 and 3 only

(C) 1, 3 and 4 only

(D) 1 and 2 only

(E) 1 and 4 only

(F) 2 and 3 only

(G) 1, 3 and 4 only

(H) 1 and 2 only

Correct Answer

(D) 1 and 2 only
(H) 1 and 2 only

[#547] The Central Government may appoint a . . . . . . . . of certifying authority who shall exercise supervision over the activities of certifying authorities.

(A) commissioner

(B) controller

(C) executive

(D) president

Correct Answer

(B) controller

[#548] A person appointed by an agent to act for the principal, is called

(A) Agent

(B) Sub-agent

(C) Substituted agent

(D) Pretended agent

Correct Answer

(C) Substituted agent

[#549] This prospectus is an extended version of the Draft Prospectus with additional detail about IPO dates, price and latest financial data. This is issued in order to test the market before finalizing issue size/price is known as:

(A) deemed prospectus

(B) shelf prospectus

(C) red herring prospectus

(D) none of the above

Correct Answer

(C) red herring prospectus

[#550] How is a copyright assigned?

(A) By copyright board

(B) By appellate authority

(C) By court of law

(D) By assignor

Correct Answer

(D) By assignor

Legal Aspects Of Business - Study Mode

[#546] Which of the following are true about conditions according to the Sale of Goods Act? 1. Title 2. Description 3. Quite possession 4. Encumbrances Choose the correct answer from the following options:

Correct Answer

[#547] The Central Government may appoint a . . . . . . . . of certifying authority who shall exercise supervision over the activities of certifying authorities.

Correct Answer

[#548] A person appointed by an agent to act for the principal, is called

Correct Answer

[#549] This prospectus is an extended version of the Draft Prospectus with additional detail about IPO dates, price and latest financial data. This is issued in order to test the market before finalizing issue size/price is known as:

Correct Answer

[#550] How is a copyright assigned?

Correct Answer