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Saturday, December 24, 2011

Business Law Quiz - 11

1. The profit sharing ratio, under a partnership has to be always equal
[A]TRUE
[B]FALSE



2. The provisions of sale of goods were previously included in the Indian Contract Act, 1872.
[A]TRUE
[B]FALSE



3. The Registrar shall register the altered memorandum and certify the registration under his hand within one month from the date of filing such documents.
[A]TRUE
[B]FALSE



4. The relation between a doctor and his patient is not fiduciary in nature.
[A]TRUE
[B]FALSE



5. The statement in lieu of prospectus is prepared only for advertising purpose.
[A]TRUE
[B]FALSE



6. The subject matter of a contract of sale has to be goods and goods only.
[A]TRUE
[B]FALSE



7. The subscriber of the memorandum of a company on its registration shall be entered in its register of members as member.
[A]TRUE
[B]FALSE



8. The term business includes every lawful trade, occupation and profession.
[A]TRUE
[B]FALSE



9. The writing of "Not Negotiable" is one and the same thing as that of special crossing.
[A]TRUE
[B]FALSE



10. There are two types or kinds of capital of a company, i.e. owned capital and borrowed capital.
[A]TRUE
[B]FALSE



11. Three parties can not enter into an agreement.
[A]TRUE
[B]FALSE



12. To establish a contract the parties must agree to the same thing in the same sense.
[A]TRUE
[B]FALSE



13. Under ratification, principal need not exist at the time of ratifying the act of the agent.
[A]TRUE
[B]FALSE



14. Under the Consumer Protection Act of 1986, goods include actionable claim and money.
[A]TRUE
[B]FALSE



15. Unenforceable agreements and illegal agreements mean one and the same thing.
[A]TRUE
[B]FALSE



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