Symbiosis International Education Centre 2007 Post Graduate Diploma Business Law-(Attempt-2)-2006 - Question Paper

Your ans A Burmese Buddhist husband and spouse carrying on business , the members of Hindu Undivided Family carrying on Family business


True/False
ques. The principal can ratify unauthorised act of an agent.
accurate ans False
Your ans True


choose The Blank
ques. A Company subject to the provisions of part 32 of the companies act as unlimited may register under this Act as a ________
accurate ans Limited company
Your ans Limited company


True/False
ques. Where a cheque is crossed specially, the banker to whom it is crossed may again cross it specially to a different banker, his agent, for collection.
accurate ans True
Your ans True


True/False
ques. All money payable by any member to the company under the memorandum or articles shall be debt from time to the company.
accurate ans True
Your ans True


Multiple option Single ans
ques. Under a contract of sale goods have to be exchanged for
accurate ans Money
Your ans Money


Multiple option Multiple ans
ques. Fraud means and includes subsequent act -
accurate ans promise to deceive other party , promise without intending to perform
Your ans promise to deceive other party , promise without intending to perform


Multiple option Single ans
ques. In case of private limited company, minimum number of members is 2 while the maximum is
accurate ans 50
Your ans 50


Multiple option Single ans
ques. Quasi Contract is created by
accurate ans law
Your ans law


True/False
ques. The writing of "Not Negotiable" is 1 and the identical thing as that of special crossing.
accurate ans False
Your ans False


Multiple option Multiple ans
ques. A company may, by special resolution, alter the provisions of its memorandum so as to change the objects of the company so far as may be needed to enable it
accurate ans Carry on its business more economically , Amalgamate with any other company , Attain its main purpose by new or improved means
Your ans Carry on its business more economically , Amalgamate with any other company , Attain its main purpose by new or improved means


choose The Blank
ques. One man holds practically the ________ of the share capital of the 1 man company.
accurate ans whole
Your ans whole


Multiple option Multiple ans
ques. The kinds or types of mercantile agents are
accurate ans Commission Agent , Broker , Auctioners
Your ans Broker , Auctioners


Multiple option Multiple ans
ques. An agency by necessity may arise in subsequent 3 circumstances,
accurate ans When an agent exceeds his authority in an emergency , When a person is entrusted with another's property , In case of husband and spouse
Your ans When an agent exceeds his authority in an emergency , When a person is entrusted with another's property , In case of husband and spouse


Multiple option Multiple ans
ques. Following are the elements which constitute a partnership
accurate ans there must be a contract regarding a partnership , there must be an association of 2 or more persons
Your ans there must be a contract regarding a partnership , there must be an association of 2 or more persons


Multiple option Single ans
ques. An agent was instructed by his principal to insure the goods, but he neglected to insure the goods. As a result, the principal had to suffer the loss. Who is responsible for the loss ?
accurate ans agent
Your ans agent


True/False
ques. A contract of sale may either be a sale or an agreement to sell.
accurate ans True
Your ans True


Multiple option Multiple ans
ques. Agent has duties towards principal including to
accurate ans conducting principal's business , rendering accounts to principal , communicating with the principal
Your ans conducting principal's business , rendering accounts to principal , communicating with the principal


Match The subsequent
Question Correct Answer Your ans

Document includes any notice, circulation, advertisement etc. Prospectus Prospectus

A company having control over a subsidiary company Holding company Holding company

Constitution and objects of the company Memorandum Memorandum

Govern the internal affairs of the company Articles of Association Articles of Association



True/False
ques. A Cheque is a Bill of Exchange.
accurate ans True
Your ans True


Multiple option Single ans
ques. For obtaining recognition as an 'Appropriate Laboratory", the applicant shall send an application in the proforma prescribed by the
accurate ans Bureau of Indian Standard
Your ans Bureau of Indian Standard


Multiple option Multiple ans
ques. Following are the conditions needed to prove an act of a partner is an act of a partnership firm
accurate ans such a act be done in a ordinary course of a partnership firm , it must be related to the business of the firm , act must have been done in the name and on behalf of the firm
Your ans such a act be done in a ordinary course of a partnership firm , it must be related to the business of the firm , act must have been done in the name and on behalf of the firm


Multiple option Multiple ans
ques. A partner is called as an outgoing partner by
accurate ans retirement , death , expulsion
Your ans retirement , death , expulsion


Multiple option Single ans
ques. For the formation of the contract of sale of goods, there should be
accurate ans Two parties
Your ans Two parties


Multiple option Multiple ans
ques. Following persons can not be called partners
accurate ans minors , insolvents , co-owners without the agreement to carry on the business
Your ans minors , insolvents , co-owners without the agreement to carry on the business

Earning:   Approval pending.