Business Law Quiz - 4

1. An alien friend can enter into partnership with an Indian subject.
[A]TRUE
[B]FALSE



2. An auctioneer has full authority to sell the goods of his principal by private contracts.
[A]TRUE
[B]FALSE



3. An insolvent person can accept or endorse a bill.
[A]TRUE
[B]FALSE



4. An intention to create legal relations is one of the most important criterions to establish a contract.
[A]TRUE
[B]FALSE



5. An unpaid seller can sue the buyer for damages as well as the price of the goods.
[A]TRUE
[B]FALSE



6. An unpaid seller cannot file a suit against the buyer for repudiating the contract.
[A]TRUE
[B]FALSE



7. An unpaid seller has a right against the goods as well as the buyer personally.
[A]TRUE
[B]FALSE



8. An unpaid seller has a right against the goods but does not have any personal right against the buyer.
[A]TRUE
[B]FALSE



9. An unpaid seller has the right of lien on the goods when the goods are in his possession.
[A]TRUE
[B]FALSE



10. Any person on payment of prescribed fees can inspect the Register of Firms.
[A]TRUE
[B]FALSE



11. Any user of the goods with the approval of the person who has purchased the goods for consideration is also a consumer.
[A]TRUE
[B]FALSE



12. Apparent authority and ostensible authority have different meanings.
[A]TRUE
[B]FALSE



13. As soon as the work is accomplished the contract of agency of the special agent is terminated
[A]TRUE
[B]FALSE



14. Bearer cheque is also known as Open cheque.
[A]TRUE
[B]FALSE



15. Bill of Exchange need not be stamped property
[A]TRUE
[B]FALSE