Legal Aspects Of Business - Practice Test

[#906] If the goods are rejected by the buyer, and the carrier or other bailee continues in possession of them, then the transit . . . . . . . . even if the seller has refused to receive them back.

(A) is deemed to be at an end

(B) is not deemed to be at an end

(C) in nobody's hand

(D) None of the above

Correct Answer

(B) is not deemed to be at an end

[#907] Matters to be transacted in a meeting is recorded in the

(A) notice

(B) agenda

(C) minutes

(D) report

Correct Answer

(C) minutes

[#908] Contingent contract means:

(A) A suit entrusted to any person to abide by the result of any game or other uncertain event on which may wager is made

(B) A contract to do or not to do something, if some event, collateral to such contract, does or does not happen

(C) Agreements which are not certain, or capable of being made certain

(D) Every agreement, by which any party thereto is restricted absolutely from enforcing his rights under or in respect of any contract

Correct Answer

(B) A contract to do or not to do something, if some event, collateral to such contract, does or does not happen

[#909] The person who writes a promissory note, is called

(A) payee

(B) maker

(C) drawer

(D) None of these

Correct Answer

(B) maker

[#910] Where two or more persons have made a joint promise, a release of one of such joint promisors by the promise:

(A) does not discharge the other joint promisor, neither does it free the joint promisor so released from responsibility to the other joint promisor or joint promisors

(B) discharges the other joint promisor but it does not free the joint promisor so released from responsibility to the other joint promisor or joint promisors

(C) discharges the other joint promisor also frees the joint promisor so released from responsibility to the other joint promisor or joint promisors

(D) release of one of such joint promisors is not possible

Correct Answer

(A) does not discharge the other joint promisor, neither does it free the joint promisor so released from responsibility to the other joint promisor or joint promisors

Legal Aspects Of Business - Study Mode

[#906] If the goods are rejected by the buyer, and the carrier or other bailee continues in possession of them, then the transit . . . . . . . . even if the seller has refused to receive them back.

Correct Answer

[#907] Matters to be transacted in a meeting is recorded in the

Correct Answer

[#908] Contingent contract means:

Correct Answer

[#909] The person who writes a promissory note, is called

Correct Answer

[#910] Where two or more persons have made a joint promise, a release of one of such joint promisors by the promise:

Correct Answer