L.L.B-L.LB General 5th Sem CONSTITUTIONAL LAW AND CURRENT AFFAIRS(Panjab University, Chandigarh-2009)

 

Part- II: Substantive Law

Commercial Law (Law of Contract and Company Law)

1. A contract entered into without 'Free Consent' is:

A) Void

B) Voidable

C) Valid

D) Illegal

2. Property insurance is a contract of:

A) Indemnity

B) Contingent contract

C) Wagering agreement

D) Guarantee

3. Creditor, on default by the principal debtor, can file suit against:

A) Secured property

B) Principal debtor alone

C) Surety and principal debtor;

D) All the above jointly.

4. A company is a Government Company only if:

A) All the shares of the company are held by Central or State Government;

B) At least 25% of Shares are held by Central or State Government;

C) Majority of Shares are held by Central or State Government or both;

D) Majority of Directors are appointed by the Central or State Government.

5. Annual general meeting of a company is to be held with a gap between two consecutive meetings of successive years;

A) Of not more than twelve month;

B) Of not more than twenty four months;

C) Of not more than fifteen months;

D) Any time but less than twenty four months

Earning:  ₹ 2.00/-