Legal Aspects Of Business - Practice Test

(A) Valid contracts - contains all essential elements

(B) Void contracts - not legally enforceable since its beginning

(C) Voidable contracts - valid agreement

(D) All of the above contracts offer correct explanation

(D) All of the above contracts offer correct explanation

(A) Every company must appoint an individual or firm as auditor

(B) The independent directors must attend at least three meetings a year

(C) One or more women directors are recommended for certain classes of companies

(D) The maximum number of permissible directors can-not exceed 15 in a public limited company

(B) The independent directors must attend at least three meetings a year

(A) Indian Penal Code

(B) E-governance Act, 2000

(C) IT Act, 2000

(D) IT Act, 2002

(C) IT Act, 2000

(A) Managing agent

(B) Administrative officer

(C) Formal servant of the Board of Directors

(D) Manager

(C) Formal servant of the Board of Directors

(A) Partnership-at-will

(B) Limited partnership

(C) General partnership

(D) Particular partnership

(B) Limited partnership

Legal Aspects Of Business - Study Mode