Legal Aspects Of Business - Practice Test

(A) 'Gateway' condition

(B) Restrictive practice

(C) Share of supply' test

(D) 'Asset' test

(C) Share of supply' test

(A) Based on execution

(B) Based on creation

(C) Based on enforceability

(D) Based on executory contracts

(B) Based on creation

(A) It has unlimited liability

(B) It exists only in contemplation of law

(C) It has not a perpetual succession

(D) It comes to an end on the death of all its members

(B) It exists only in contemplation of law

(A) No legal formality is required to form a company

(B) The shareholders of a company have limited liability

(C) A company can own property in its own name

(D) A company is managed by the elected representatives of shareholders

(A) No legal formality is required to form a company

(A) Memorandum of Association

(B) Articles of Association

(C) Partnership Deed

(D) Certificate of Registration

(C) Partnership Deed

Legal Aspects Of Business - Study Mode