Legal Aspects Of Business - Practice Test

[#911] For the fraudulent act or wilful wrong of a sub-agent who had been duly appointed, the sub-agent is:

(A) responsible to the agent only

(B) responsible to the principal only

(C) responsible to the agent and principal both

(D) responsible to the third party

Correct Answer

(C) responsible to the agent and principal both

[#912] When good shave been delivered to a carrier, right of lien

(A) terminates

(B) starts

(C) exists

(D) All of these

Correct Answer

(A) terminates

[#913] On a winding-up order being made, the company's property comes under the custody of

(A) Liquidator

(B) Tribunal

(C) Central Government

(D) Shareholder

Correct Answer

(A) Liquidator

[#914] Which among the following is NOT included in negotiable instrument?

(A) Cheque

(B) Demand Draft

(C) Promissiory Note

(D) Mutual Fund

(E) Cheque

(F) Demand Draft

(G) Promissiory Note

(H) Mutual Fund

Correct Answer

(D) Mutual Fund
(H) Mutual Fund

[#915] Which of the following circumstances is undue influence not exercised?

(A) Where one person holds a real or apparent authority over the other

(B) Where he stands in a fiduciary relation with the other

(C) Where he makes a contract with a person whose mental capacity is temporarily or permanently affected by reason of age, illness or mental distress

(D) When something is said or done in a dishonest way to trick people

Correct Answer

(D) When something is said or done in a dishonest way to trick people

Legal Aspects Of Business - Study Mode

[#911] For the fraudulent act or wilful wrong of a sub-agent who had been duly appointed, the sub-agent is:

Correct Answer

[#912] When good shave been delivered to a carrier, right of lien

Correct Answer

[#913] On a winding-up order being made, the company's property comes under the custody of

Correct Answer

[#914] Which among the following is NOT included in negotiable instrument?

Correct Answer

[#915] Which of the following circumstances is undue influence not exercised?

Correct Answer