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Saturday, December 17, 2011

Business Law Quiz - 5

1. Companies can be registered with undesirable names.
[A]TRUE
[B]FALSE



2. Company can be termed as a Body Corporate.
[A]TRUE
[B]FALSE



3. Company is treated as a legal person distinct from its members.
[A]TRUE
[B]FALSE



4. Consideration can not be a past consideration.
[A]TRUE
[B]FALSE



5. Consumer is a person who procures service under a contract of personal service
[A]TRUE
[B]FALSE



6. Contingent goods are a type of specific goods.
[A]TRUE
[B]FALSE



7. Convicts are disqualified from contracting by the law to which they are subject.
[A]TRUE
[B]FALSE



8. Copies of memorandum and articles shall not be given to members.
[A]TRUE
[B]FALSE



9. Crossing of Cheques secures payment.
[A]TRUE
[B]FALSE



10. Directors are allowed to borrow from the public companies.
[A]TRUE
[B]FALSE



11. Directors are not allowed to borrow from the private company.
[A]TRUE
[B]FALSE



12. Directors of a private company need to file their consent with the registrar to act as director or sign an undertaking.
[A]TRUE
[B]FALSE



13. Dissolution of a firm cannot be made on the grounds of the firm carrying on fraudulent business.
[A]TRUE
[B]FALSE



14. District Forum enjoys Revisional jurisdiction.
[A]TRUE
[B]FALSE



15. English Law does not recognize Formal Contract
[A]TRUE
[B]FALSE



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