Legal Aspects Of Business - Practice Test

[#686] Existing goods can be classified as:

(A) Ascertained goods

(B) Generic goods

(C) Both A and B

(D) Neither A neither B

Correct Answer

(C) Both A and B

[#687] The winding up of a company can be done voluntarily by the members of the Company:

(A) if the company passes a special resolution for winding up of the Company

(B) the company in general meeting passes a resolution requiring the company to be wound up voluntarily as a result of the expiry of the period of its duration, if any, fixed by its articles of association or on the occurrence of any event in respect of which the articles of association provide that the company should be dissolved

(C) both A and B

(D) after seeking guidelines from RoC

Correct Answer

(C) both A and B

[#688] What is the Quorum of the Annual General meeting in the case of a private company?

(A) 2 members

(B) 3 members

(C) 4 members

(D) 5 members

Correct Answer

(A) 2 members

[#689] A company incorporated by a special Act of Parliament or any State Legislature is called

(A) Government company

(B) Public company

(C) Statutory company

(D) Registered company

Correct Answer

(C) Statutory company

[#690] Which of the following is/are an exception to the doctrine of caveat emptor?

(A) Usage of trade

(B) Sale by sample

(C) Seller commits fraud

(D) All of the above

Correct Answer

(D) All of the above

Legal Aspects Of Business - Study Mode

[#686] Existing goods can be classified as:

Correct Answer

[#687] The winding up of a company can be done voluntarily by the members of the Company:

Correct Answer

[#688] What is the Quorum of the Annual General meeting in the case of a private company?

Correct Answer

[#689] A company incorporated by a special Act of Parliament or any State Legislature is called

Correct Answer

[#690] Which of the following is/are an exception to the doctrine of caveat emptor?

Correct Answer