Legal Aspects Of Business - Study Mode

[#86] Where a seller has been paid by cheque and cheque has been dishonoured by bank, seller is called
Correct Answer

(B) unpaid seller

[#87] A owes B Rs. 5,000. C pays to B Rs. 100 and B accepts them, in satisfaction of his claim on A. What is the status of payment?
Correct Answer

(B) This payment is a discharge of the whole claim

[#88] Which of the following is NOT a presumption about a negotiable instrument?
Correct Answer

(D) Absolute and good title to the transferee
(H) Absolute and good title to the transferee

[#89] What needs to be done before a copyrighted book may be printed?
Correct Answer

(B) Consent of the copyright owner must be obtained

[#90] The essential function of this IPR is to exclusively identify the commercial source or origin of products or services, so this IPR indicates source or serves as a badge of origin. Identify,
Correct Answer

(D) Trademark