Scdlsolvedpapers.wordpress.

com Business Law Code -106

SCDL- PGDBA- I Semester _____________________________________________________________________
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LIST OF ATTEMPTED QUESTIONS AND ANSWERS True/False Question Correct Answer

Where a cheque is crossed specially, the banker to whom it is crossed may again cross it specially to another banker, his agent, for collection. True

Multiple Choice Multiple Answer Question The three ingredients in the performance of a contract of sale by the seller are :Correct Transfer of property in goods , The passing of the risk , Delivery of goods Answer Select The Blank Question An offer must create ________ relationship. Correct Answer Legal

Multiple Choice Single Answer Question A legal representative being holder of the Negotiable Instrument can sue :Correct Answer After the death of the holder

Multiple Choice Multiple Answer Question Following are the elements which constitute a partnership Correct Answer True/False Question Correct Answer there must be a contract regarding a partnership , there must be an association of two or more persons

When a person leaves country for a long time, he may appoint his son, wife or friend as his universal agent. True

Match The Following Question Section 68 Section 70 Section 63 Section 71

Correct Answer Supply of necessaries to minor Liability of payment for nongratuitous acts Remission Responsibility of a finder of

Your Answer Supply of necessaries to minor Liability of payment for nongratuitous acts Remission Responsibility of a finder of

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Scdlsolvedpapers.wordpress.com Business Law Code -106

SCDL- PGDBA- I Semester _____________________________________________________________________
goods goods

Question Correct Answer

Whenever the term illegal contract is used, it involves ________. Inconsistency

Multiple Choice Multiple Answer Question Following are the conditions needed to prove an act of a partner is an act of a partnership firm Correct such a act be done in a ordinary course of a partnership firm , it must be related Answer to the business of the firm , act must have been done in the name and on behalf of the firm Multiple Choice Single Answer Question The main aim and important criterion of decoding the commercial purpose is whether the aim of purchasing the goods is to :Correct Earn profit Answer Select The Blank Question A proposal comes to an end by its ________. Correct Answer Rejection

Multiple Choice Multiple Answer Question There can not be any partnership where a business is carried on Correct Answer True/False Question Correct Answer with a benevolent purpose , where any one of the partners is entitled to total profit earned

"I promise to pay Mr.John Rs.500/- seven days after my marriage with Miss Lucy" is a promissory note. False

Multiple Choice Single Answer Question A partner unknown to the world is a :Correct Answer Dormant

Multiple Choice Multiple Answer Question An unregistered firm can institute a suit against Correct Answer wrongful use of the trade mark , wrongful use of the firm name

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Scdlsolvedpapers.wordpress.com Business Law Code -106

SCDL- PGDBA- I Semester _____________________________________________________________________
Match The Following Question Minor Partner Dissolution of a Partnership Firm Partner Partnership

Correct Answer Admitted for profits only Death or Insanity of the partners Partners Agents of the firm Can be formed at Will

Your Answer Admitted for profits only Death or Insanity of the partners Partners Agents of the firm Can be formed at Will

Question

Sale is a contract plus :-

Correct Conveyance Answer Multiple Choice Multiple Answer Question The order of the Commission can be set aside by :Correct Answer The National Commission , The Supreme Court

Multiple Choice Multiple Answer Question The Exception to the rule of "buyer beware" are Correct Answer quality of goods are not merchantable , presence of patent defect in goods

Multiple Choice Multiple Answer Question As per the Consumer Protection Act, 1986, a consumer is a :Correct Answer True/False Question Correct Answer A person buying goods for a consideration , A person who is a beneficiary of services

Under the Consumer Protection Act of 1986, goods include actionable claim and money. False

Multiple Choice Multiple Answer Question Following persons can not be called partners Correct Answer minors , insolvents , co-owners without the agreement to carry on the business

Select The Blank

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Scdlsolvedpapers.wordpress.com Business Law Code -106

SCDL- PGDBA- I Semester _____________________________________________________________________
Question Correct Answer Mistake regarding the ________ or the terms and conditions of the contract is a Mistake of the fact. Subject matter

Multiple Choice Multiple Answer Question The State Council consists of the following members :Correct Answer True/False Question Correct Answer Minister in-charge of consumer affairs in the State Govt. , Members representing such interests as may be prescribed by the State Govt.

In a promissory note, the promise to pay can be indefinite. False

Select The Blank Question According to Salmond and ________, a promise without consideration is a gift and one made with consideration is a bargain. Correct Winfield Answer Select The Blank Question The registration of partnership firm is ________. Correct Answer Not compulsory

Multiple Choice Multiple Answer Question Bill of exchange must be :Correct Answer In writing , Unconditional , Stamped

Multiple Choice Single Answer Question A cooler was purchased not for his own use, but it was installed at a bus-stand for the use of public free of charge. it was held that the purchaser was a consumer because :Correct There was no commercial purpose Answer Your Answer There was a trading activity

Select The Blank Question One of the two kinds of presentment of an Instrument is by ________. Correct Answer Payment

Multiple Choice Multiple Answer

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Scdlsolvedpapers.wordpress.com Business Law Code -106

SCDL- PGDBA- I Semester _____________________________________________________________________
Question Correct Answer Following are the circumstances under which an offer lapses :Offeree makes conditional offer , Acceptor comes to know about the death of the proposer , Offeree fails to communicate the acceptance

Multiple Choice Single Answer Question When an offer is made to world-at-large, the contract is :Correct Answer Made with the person who signs or performs the terms and conditions of the offer

Multiple Choice Multiple Answer Question The principal must give compensation to his agent in respect of injury caused to an agent by the :Correct Principal's neglect , Principal's want to skill , Principal's want to knowledge Answer True/False Question Correct Answer

An alien friend can enter into partnership with an Indian subject. True

Multiple Choice Single Answer Question For obtaining recognition as an 'Appropriate Laboratory", the applicant shall send an application in the proforma prescribed by the :Correct Bureau of Indian Standard Answer True/False Question Correct Answer

A partner can transfer his share to any outsider without obtaining consent of all other partners. False

Multiple Choice Single Answer Question The person who is authorised to appoint / employ an agent is :Correct Answer A person of sound mind

Select The Blank Question An offer, to be treated as a valid offer, should be ________. Correct Answer Communicated

Multiple Choice Single Answer Question "An agreement creating and defining the obligations between the parties is a contract", This was stated by :-

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Scdlsolvedpapers.wordpress.com Business Law Code -106

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Correct Answer True/False Question Correct Answer Sir John Salmond

Registration of firm is a condition precedent for filing the suit for seeking the remedy which arises out of contractual obligations. True

Select The Blank Question The act done by the agent with the permission and on behalf of the principal is ________ on the principal. Correct Binding Answer True/False Question Correct Answer Question Correct Answer

A Promissory Note contains conditional undertaking to pay a certain sum of money. False

In case of Bill of Exchange, the notice of dishonour is essential. True

Select The Blank Question The contract of agency between the principal and his agent is ________. Correct Answer Enforceable

Multiple Choice Multiple Answer Question A sale can be in case of :Correct Answer Question Correct Answer Specific goods , Existing goods

Notice of dishonour of cheque must be ________. Within a reasonable time

Multiple Choice Multiple Answer Question Classification of companies based on the jurisdiction of functioning is :Correct A National Company , Multinational Company , Foreign Company Answer Your Answer A National Company , Multinational Company , Foreign Company

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Scdlsolvedpapers.wordpress.com Business Law Code -106

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