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Legal Aspects Of Business
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Legal Aspects Of Business
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25 Questions

1. In a sale, if the goods are destroyed, the loss falls on________________
2. As per-section 2(1), a person who buys or agrees to buy goods is called
3. A contract creates_____________.
4. The Sale of Goods Act, 1930 is based on
5. The liability of a shareholder in a company limited by shares is ____________.
6. Which of the following is not a type of peer-to-peer cyber-crime?
7. In the context of contract law, a bid at an auction is which of the following?
8. The doctrine of constructive notice implies that __________.
9. Which of the following is not a method of terminating an agency relationship by acts of the parties?
10. An application to incorporate a company by registration must contain certain information. Which ONE of the following pieces of information is not required?
11. A principal accepts an agent's unauthorized contract through ________ of the contract.
12. Which of the following companies need not have their own articles of Association ?
13. Apparent agency is also referred to as ________.
14. How does fraudulent trading under the Companies Act 2006 differ to fraudulent trading under the Insolvency Act 1986?
15. In an agreement to sell, the seller gets for price if________
16. Which ONE of the following does NOT have the right to petition the court for a compulsory winding-up order?
17. What is the updated version of the IT Act, 2000?
18. In case of breach of warranty ,the buyer can -----
19. on attaining the age of majority a minor's agreement
20. On attainting the age of majority a minors agreement _____________.
21. If a new contract is substituted in place of an existing contract---
22. Which of the following is not a method of terminating an agency relationship by operation of law?
23. Consideration _____________.
24. The offer may be communicated _____________.
25. As per section 2 sub-section 8, of the Sales of Goods Act, insolvent means a person

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