91. A compulsory winding-up order may be made only on several of the grounds set out above. Most of these orders are made on what basis? One. If the company has decided, by special resolution, to dissolve it by force. B. If the corporation is a “former corporation”. The company is unable to pay its debts. D. If the corporation does not commence business within one year of its incorporation.
Answer: C 59. The common law doctrine of ____ is based on the legal theory of ____ liability. A. respond superiorly; infamous B. respond in a superior manner; Deputy Minister C. responds to inferior food; infamous D. answer inferiorly; Substitution answer: B a. Invalidate it b. Will not invalidate it v. Will make it illegal d.
Here you will find MCQs on the legal aspects of business law with answers. The legal aspects of business law are very important for every individual in India. Therefore, through these MCQs on the legal aspects of business law with answers to ensure that we give you fundamental components of business law, we have developed these MCQs on LAB. 64. Contracting entities often employ persons and undertakings other than their employees to perform certain tasks on their behalf. These individuals and businesses are called ____ entrepreneurs. A. dependent B. sub C. general D.
independent Answer: D However, these objective questions about business law with solutions will help MBA, BBA, B.Com, M.Com students. In addition, we dealt with the multiple choice issues of the Indian Contracts Act 1882, the Sale of Goods Act 1930, etc. 101. The agreement with a foreign enemy is A. valid B. questionable C. illegal D. difficult ANSWER: C 102. The consideration is —- A. does not need to be sufficient B.
reasonable C. both D. none of these ANSWERS: A 103. Consent given under duress renders the contract invalid B. valid C. voidable D. invalid ANSWER: C 104. What do we call the articles of association of a company? One. Articles of Association B. Articles of Association C. Articles of Association D.
Prospectus. ANSWER: A 105. The name of a company can by________________ be changed. A. an ordinary decision B. a special decision C. the consent of the Union Government D. a special decision and with the consent of the central government ANSWER: A 106. The __________defines a company`s relationship with the outside world.
A. Prospectus. B. Statutes. C. Statutes. D. Declaration instead of a prospectus ANSWER: B 107. Indicate the type of amendment that is permitted in the articles of association____ A. and that may not be in the best interests of the corporation. which violates the provisions of the Companies Act. C.
which increases the liability of a member without his written consent. D. which coincides with the Association Agreement ANSWER: D 108. Which of the following companies must submit a prospectus statement? One. A limited liability company. B. A cooperative. C. A company that has issued a prospectus. D. A public limited company which has not issued a prospectus ANSWER: D 109.
The most important document of a company is its__________. A. Prospectus. B. Annual Report. C. Statutes. D. Statutes ANSWER: C 110.
In a purchase contract, the seller receives for the price if________ A. The goods have been delivered to the buyer. B. The goods have not been delivered to the buyer. C. There is a special agreement. D. This is not a specific agreement. ANSWER: C 111. In a purchase contract, unless the goods are determined, A. is______________ a sale. B.
A sales agreement. C. A null agreement. D. An Unenforceable Agreement. ANSWER: B 112. The rules and regulations for the internal management of a company are contained in its___. A. Prospectus.
B. Annual Report. C. Statutes. D. Statutes ANSWER: D 113. A _______may become a director of a company. A.
Partnership Companies. B. Mentally ill person. C. Individual. D. Corporation ANSWER: C 114. How many directors of a public limited company, unless otherwise provided in the articles of association, must be appointed by the company at general meeting A? All administrators.
B. Half of the directors. C. Two-thirds of the directors. D. Three-quarters of the directors ANSWER: C 115. Which of the following is not within the powers of the Board of Directors? One. Bond issuance.
B. Lend. C. Transfer payment of a debt owed by a director. D. Publication of the prospectus REPLY: C 116. Holding company means a _____ company. A. that is owned by another company.
a state-owned enterprise. C. a chartered company. D. a subsidiary answer: A 117. Partnership can be thought of as ____. A. a legal person. a lead agency. C.
both a legal entity and a responsible entity. D. neither legal person nor responsible person ANSWER: D 118. A promoter is a person who ____. A. is a director. B. is a parent of the business.
C. is a supporter of the company. D. participates in the foundation of the company ANSWER: D 119. The minimum subscription amount can be found in ____. A. Prospectus. B.
Statutes. C. Statutes. D. Minutes of General Meetings ANSWER: A 120. When can a private company start operating? A. at any time. after requesting registration. C. upon receipt of the certificate of incorporation.
D. upon receipt of the certificate of commencement of activity ANSWER: C 121. The doctrine of implied notification implies that ____. A. at the commercial register B. any person involved in the company is deemed to have knowledge of the field of writing C. Due process must be requested For each correspondence, a period of one week must be respected D. Internal management ANSWER: Β 122. When transferring shares, a certificate must be required for a person______. A.
is declared insolvent. B. misbehaves. C. becomes insane. D. deceased ANSWER: D 123. An unpaid seller`s entitlement to liens is ____ B. Repossession. C. Refund of prizes and other fees.
D. Indemnification. ANSWER: A 124. ——— is the articles of association of the company A. Memorandum B. Article C. Prospectus D. Property ANSWER: A 125.
Which of the following characteristics are characteristics of a business? One. He is responsible without limitation. B. It exists only in the review of Bill C. He has no eternal successor G. It ends with the death of all its members ANSWER: B 126. The liability of a shareholder of a corporation is ___. A. Unlimited. Limited by warranty. C. limited to the unpaid value of the shares subscribed by him.
D. none of the above: C 127. The amended memorandum must be submitted to the Registrar within ______ A. 1 month after the appointment of the Company Law Council. 2 months after the order of the in-house lawyers. C. 3 months after the appointment of the Company Law Council. D.
4 months of the company Order Legal advice ANSWER: C 128. Which of the following companies does not need to have its own articles of association? A. Unlimited Liability Companies. B. Limited liability companies C. Joint stock companies. D. Public limited companies ANSWER: D 129. The contract resulting from the action of the parties is called___________. A. Quasi-contract. B.
Explicit Agreement. C. Agreement Involved. D. Signed Contract. ANSWER: C 130. The contract is a contract that is made called____________ by words or words. A. Quasi-contract. B. Explicit Agreement. C.
Agreement Involved. D. Signed Contract. ANSWER: B 131. the articles of association of a company contrary to act ____ A. Articles take precedence. B. The memorandum takes precedence over C. The administrators will resolve the conflict. D. The Tribunal will decide the dispute ANSWER: A 132.
A suicide threat is equivalent to ______. A. Fraud. Undue influence. C. Coercion. D. Errors. ANSWER: C 133. The agreement in the restriction of marriage is _____.
A. valid. B. Questionable. C. Coercion. D. null and void. ANSWER: D 134. Quantum meruite means ______.
One. Let the buyer be careful. as long as C. as soon as it is the case. D. as much as earned. ANSWER: D 135. The articles of association may be approved by ______ A. the partners of the company B. the partners and creditors of the company.
C. All. D. The Registrar ANSWER: C 136. A guarantee given for the good conduct of a person becomes _____ A. Prospective guarantee. B. Special Warranty. C. Loyalty Guarantee. D. Ongoing Warranty.
ANSWER: C 137. A person who acts as both agent and guarantor becomes a factor A. as ____ B. Brocker. C. delkredere Agent. D. Banking agent.
ANSWER: A 138. A disclosure in lieu of a prospectus is required ____ A. from all companies issuing shares or debt securities B. of public companies, if the shares are issued between friends and relatives. C. by private companies, since they do not issue shares to the public D. of all companies ANSWER: Β 139. An agreement reached without consideration ____.
A. valid. B. Questionable. C. Coercion. D. null and void. ANSWER: D 140.
A promise made without the intention of carrying it out is ____ A. fraud. Undue influence. C. Misrepresentation. D. Errors. ANSWER: C 141. Share capital of a means______________ company. A. Fairness.
B. Preferred share capital C. Equity and preferred shares. D. Equity shares, preferred shares and bonds ANSWER: C 142. A shareholder of a company___________. A. may be its bondholder B. cannot be its bondholder C. only its bondholder D.
must also become its bondholder within one year of joining as a shareholder ANSWER: A 143. A legally binding agreement is called ____. A. Valid Agreement. B. Cancellable Agreement. C. contract performed.
D. Nullity of contract. ANSWER: A 144. The ________defines the field of activity of a company. A. Prospectus. B. Affidavit.
C. Statutes. D. Statutes. ANSWER: C 145. ____ Companies must have their own statutes.