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Friday, December 23, 2011

Business Law Quiz - 10

1. The company cannot exceed the powers conferred on it by its memorandum
[A]TRUE
[B]FALSE



2. The company law board confirms the change of registered office of the company within a state
[A]TRUE
[B]FALSE



3. The company law board may, at any time, by order, extend the time for the filing of documents.
[A]TRUE
[B]FALSE



4. The estate of a deceased partner or the legal representatives of a deceased partner cannot be held liable for any act of the firm.
[A]TRUE
[B]FALSE



5. The Indian Contract Act, 1872 includes the penal provisions in case of breach of contract.
[A]TRUE
[B]FALSE



6. The law relating to sale of immovable goods is contained in the Sale of Goods Act, 1930.
[A]TRUE
[B]FALSE



7. The legal heir or representative of a dead consumer is given the right to become the complainant.
[A]TRUE
[B]FALSE



8. The liability of the drawer of a Bill of Exchange is primary and absolute.
[A]TRUE
[B]FALSE



9. The maximum number of persons in the case of a partnership firm carrying on banking business must not exceed twenty.
[A]TRUE
[B]FALSE



10. The membership of the association of company shall cease on the dissolution of the firm.
[A]TRUE
[B]FALSE



11. The memorandum and articles shall, when registered, do not bind the company and the members thereof.
[A]TRUE
[B]FALSE



12. The Negotiable Instruments Act,1881 allows the unlawful crossing of cheque
[A]TRUE
[B]FALSE



13. The partners need not sign the partnership deed.
[A]TRUE
[B]FALSE



14. The principal can ratify unauthorised act of an agent.
[A]TRUE
[B]FALSE



15. The principle of Caveat Emptor applies even in the cases where the consent of the buyer is obtained by fraud or where the seller conceals the defects in the goods.
[A]TRUE
[B]FALSE



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