Legal Aspects of Business MCQs

Commerce Objective Questions

Home / Commerce / Legal Aspects of Business

505. When can a breach of condition be treated as a breach of warranty by the seller as per the provisions of Sale of Goods Act, 1930?

A. When the buyer fulfils the condition stipulated to the contract of sale

B. When the contract of sale is severable and the buyer has accepted the entire goods

C. When the contract of the sale is not severable and the buyer has accepted the goods or part thereof, subject to an express or implied term in the contract

D. When the contract of the sale is severable and the buyer has accepted the entire goods or part thereof

506. Which of the following discussions about different contract/s fall/s that fall under the category of 'enforce-ability' is wrong?

A. Valid contracts - contains all essential elements

B. Void contracts - not legally enforceable since its beginning

C. Voidable contracts - valid agreement

D. All of the above contracts offer correct explanation

507. A company pays dividend

A. only on issued capital

B. only on authorised capital

C. only on paid-up capital

D. no any of the above

508. Once there is stoppage of all activities, the registrations are surrendered, the winding up application petition can be filed with the:

A. Registrar of a company

B. Members of the company

C. Ministry of Corporate Affairs

509. Which of the following section of sale of goods act deals with right of resale of unpaid seller?

510. Time gap between two AGM should not exceed . . . . . . . . months.

511. Which of the followings are not the Negotiable Instruments as defined by the Statute?

A. Banker's Note

B. Promissory Note

C. Bill of Exchange

Page 73 of 153

« 71 72 73 7475 »