Legal Aspects Of Business - Practice Test

(A) 10

(B) 20

(C) 30

(D) 40

(C) 30

(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

(A) Writing, registration and legal formalities forms an essential element of a 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

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

(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

(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

(B) Directors the Company

Legal Aspects Of Business - Study Mode