Legal Aspects Of Business - Study Mode

[#786] Where the board of directors does not file a declaration as to solvency of the company, the voluntary winding up is called:
Correct Answer

(A) the creditor's voluntary winding up

[#787] Which one of the following statements about limited liability partnerships is incorrect?
Correct Answer

(D) A limited company can convert to an LLP

[#788] A supplies to B, a lunatic, the 'necessaries' suitable to his condition in life. In this case
Correct Answer

(B) B's property is liable

[#789] The maximum number of partners in a firm is fixed in:
Correct Answer

(B) Companies Act, 1956

[#790] Which of the following right is not available personally against the buyer?
Correct Answer

(D) Both A and B