Legal Aspects Of Business - Practice Test

(A) necessary documents have already submitted to the registrar

(B) certificate of incorporation has been obtained from the registrar

(C) it actually starts business

(D) None of the above

(B) certificate of incorporation has been obtained from the registrar

(A) Right of lien on goods for the price while the goods are in possession of seller

(B) Right of stopping the goods in transit, in case of insolvency of buyer

(C) Right of resale as limited by the act

(D) Right of with holding delivery where the property in the goods has passed to the buyer

(D) Right of with holding delivery where the property in the goods has passed to the buyer

(A) Bearer cheque

(B) Order cheque

(C) Crossed cheque

(D) All of these

(D) All of these

(A) 5 companies

(B) 10 companies

(C) 15 companies

(D) 20 companies

(D) 20 companies

(A) The seller is bound to deliver the goods under all circumstances

(B) The seller is bound to deliver the goods when there is either an express contract or when the buyer applies for delivery

(C) The seller is bound to deliver the goods only when there is an express contract to that effect

(D) The seller is bound to deliver the goods only when the buyer applies for delivery

(B) The seller is bound to deliver the goods when there is either an express contract or when the buyer applies for delivery

Legal Aspects Of Business - Study Mode