Legal Aspects Of Business - Practice Test

(A) Only 1

(B) Only 2

(C) Both 1 and 3

(D) All of the above

(D) All of the above

(A) Effective dividend policy is an important tool to achieve the goal of wealth maximisation

(B) According to Walter, the optimal payout ratio for a growth firm is 100%

(C) MM model asserts that the value of the firm is not affected whether the firm pays dividend or not

(D) Bird-in-the-hand theory' in reference to dividend decision has been developed by Myron Gordon

(B) According to Walter, the optimal payout ratio for a growth firm is 100%

(A) goods are of perishable nature

(B) unpaid seller gives notice of his intention to resell

(C) Both A and B

(D) Neither A nor B

(C) Both A and B

(A) Seller has a right to sell the goods

(B) The buyer has the right to have and enjoy the quiet possession of goods only

(C) The goods shall be free from any charge or encumbrance

(D) The buyer has the right to have and enjoy the quiet possession of goods and that the goods shall be free from any charge or encumbrance

(D) The buyer has the right to have and enjoy the quiet possession of goods and that the goods shall be free from any charge or encumbrance

(A) bill of exchange

(B) promissory note

(C) cheque

(D) None of these

(D) None of these

Legal Aspects Of Business - Study Mode