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2007 Symbiosis International Education Centre Post Graduate Diploma Business Law-(Attempt-2)-2006 University Question paper Course: Post Graduate Diploma   University: Symbiosis International Education Centre LIST OF ATTEMPTED QUESTIONS AND ANSWERS Select The Blank Question Future consideration is also known as ________ consideration. Correct Answer executory Your Answer executory Select The Blank Question The property in the Negotiable Instrument passes from one person to another person by ________ delivery. Correct Answer Mere/ Simple Your Answer Mere/ Simple Multiple Choice Multiple Answer Question There can not be any partnership where a business is carried on Correct Answer with a benevolent purpose , where any one of the partners is entitled to total profit earned Your Answer with a benevolent purpose , where any one of the partners is entitled to total profit earned Multiple Choice Single Answer Question Consumer Dispute Redressal Forum is a District Forum established by Correct Answer the State Govt. in each District of the State by Notification Your Answer the State Govt. in each District of the State by Notification True/False Question The maximum number of persons in the case of a partnership firm carrying on banking business must not exceed twenty. Correct Answer False Your Answer False Select The Blank Question Shelf prospectus is a prospectus issued by any ________ institutions for one or more issues of the securities. Correct Answer financial Your Answer financial Multiple Choice Single Answer Question A partnership at will can be dissolved by filing a suit for Correct Answer Dissolution Your Answer Dissolution Multiple Choice Single Answer Question A proposes by a letter sent by post to sell a house to B at certain price, B accepts A's proposal - The communication of the acceptance is complete as against B. Correct Answer when letter is received by A Your Answer when letter is received by A Select The Blank Question Past consideration is one which is wholly suffered by the ________ even before making of the agreement. Correct Answer promisee Your Answer promisee True/False Question The company law board may, at any time, by order, extend the time for the filing of documents. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question A sale can be in case of Correct Answer Specific goods , Existing goods Your Answer Specific goods , Existing goods Select The Blank Question Special resolution and confirmation by ________is required for alteration of Memorandum. Correct Answer Company Law Board Your Answer Company Law Board Multiple Choice Multiple Answer Question An unregistered firm can bring an action in any court of Law against Correct Answer a partner who steals the property of the partnership firm , a partner who purposely damages the property of the partnership firm Your Answer a partner who steals the property of the partnership firm , a partner who purposely damages the property of the partnership firm Multiple Choice Single Answer Question Where future Negotiability of Negotiable Instrument is restricted such endorsement is called Correct Answer restrictive endorsement Your Answer restrictive endorsement Multiple Choice Multiple Answer Question Jurisdictions of the National Commission are Correct Answer Monetary , Appellate , Supervisory and Revisional Your Answer Monetary , Appellate , Supervisory and Revisional Multiple Choice Multiple Answer Question An unregistered firm can institute a suit against Correct Answer wrongful use of the trade mark , wrongful use of the firm name Your Answer wrongful use of the trade mark , wrongful use of the firm name Multiple Choice Multiple Answer Question In the absence of usage or custom of trade to the contrary, the implied authority of a partner does not empower him to Correct Answer acquire movable property on behalf of the firm , transfer movable property belonging to the firm Your Answer acquire movable property on behalf of the firm , transfer movable property belonging to the firm Multiple Choice Multiple Answer Question In the absence of usage or custom of trade to the contrary, the implied authority of a partner does not empower him to Correct Answer Acquire movable property on behalf of the firm , transfer movable property belonging to the firm Your Answer Acquire movable property on behalf of the firm , transfer movable property belonging to the firm Match The Following Question Correct Answer Your Answer Minor Partner Admitted for profits only Admitted for profits only Dissolution of a Partnership Death or Insanity of the partners Death or Insanity of the partners Firm Partners Partners Partner Agents of the firm Agents of the firm Partnership Can be formed at Will Can be formed at Will Multiple Choice Multiple Answer Question A company is a legal personality and as such it can Correct Answer Own its property in its own name , Enjoy its property in its own name , Dispose of its property in its own name Your Answer Own its property in its own name , Enjoy its property in its own name , Dispose of its property in its own name Multiple Choice Multiple Answer Question Following are the persons who cannot enter into partnership firm Correct Answer A Burmese Buddhist husband and wife carrying on business , the members of Hindu Undivided Family carrying on Family business Your Answer A Burmese Buddhist husband and wife carrying on business , the members of Hindu Undivided Family carrying on Family business True/False Question The principal can ratify unauthorised act of an agent. Correct Answer False Your Answer True Select The Blank Question A Company subject to the provisions of section 32 of the companies act as unlimited may register under this Act as a ________ Correct Answer Limited company Your Answer Limited company True/False Question Where a cheque is crossed specially, the banker to whom it is crossed may again cross it specially to another banker, his agent, for collection. Correct Answer True Your Answer True True/False Question All money payable by any member to the company under the memorandum or articles shall be debt from time to the company. Correct Answer True Your Answer True Multiple Choice Single Answer Question Under a contract of sale goods have to be exchanged for Correct Answer Money Your Answer Money Multiple Choice Multiple Answer Question Fraud means and includes following act - Correct Answer promise to deceive other party , promise without intending to perform Your Answer promise to deceive other party , promise without intending to perform Multiple Choice Single Answer Question In case of private limited company, minimum number of members is two while the maximum is Correct Answer 50 Your Answer 50 Multiple Choice Single Answer Question Quasi Contract is created by Correct Answer law Your Answer law True/False Question The writing of "Not Negotiable" is one and the same thing as that of special crossing. Correct Answer False Your Answer False Multiple Choice Multiple Answer Question A company may, by special resolution, alter the provisions of its memorandum so as to change the objects of the company so far as may be required to enable it Correct Answer Carry on its business more economically , Amalgamate with any other company , Attain its main purpose by new or improved means Your Answer Carry on its business more economically , Amalgamate with any other company , Attain its main purpose by new or improved means Select The Blank Question One man holds practically the ________ of the share capital of the one man company. Correct Answer whole Your Answer whole Multiple Choice Multiple Answer Question The types or kinds of mercantile agents are Correct Answer Commission Agent , Broker , Auctioners Your Answer Broker , Auctioners Multiple Choice Multiple Answer Question An agency by necessity may arise in following three circumstances, Correct Answer When an agent exceeds his authority in an emergency , When a person is entrusted with another's property , In case of husband and wife Your Answer When an agent exceeds his authority in an emergency , When a person is entrusted with another's property , In case of husband and wife Multiple Choice Multiple Answer Question Following are the elements which constitute a partnership Correct Answer there must be a contract regarding a partnership , there must be an association of two or more persons Your Answer there must be a contract regarding a partnership , there must be an association of two or more persons Multiple Choice Single Answer Question An agent was instructed by his principal to insure the goods, but he neglected to insure the goods. As a result, the principal had to suffer the loss. Who is responsible for the loss ? Correct Answer agent Your Answer agent True/False Question A contract of sale may either be a sale or an agreement to sell. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question Agent has duties towards principal including to Correct Answer conducting principal's business , rendering accounts to principal , communicating with the principal Your Answer conducting principal's business , rendering accounts to principal , communicating with the principal Match The Following Question Correct Answer Your Answer Document includes any notice, circulation, advertisement etc. Prospectus Prospectus A company having control over a subsidiary company Holding company Holding company Constitution and objects of the company Memorandum Memorandum Govern the internal affairs of the company Articles of Association Articles of Association True/False Question A Cheque is a Bill of Exchange. Correct Answer True Your Answer True Multiple Choice Single Answer Question For obtaining recognition as an 'Appropriate Laboratory", the applicant shall send an application in the proforma prescribed by the Correct Answer Bureau of Indian Standard Your Answer Bureau of Indian Standard Multiple Choice Multiple Answer Question Following are the conditions needed to prove an act of a partner is an act of a partnership firm Correct Answer such a act be done in a ordinary course of a partnership firm , it must be related to the business of the firm , act must have been done in the name and on behalf of the firm Your Answer such a act be done in a ordinary course of a partnership firm , it must be related to the business of the firm , act must have been done in the name and on behalf of the firm Multiple Choice Multiple Answer Question A partner is called as an outgoing partner by Correct Answer retirement , death , expulsion Your Answer retirement , death , expulsion Multiple Choice Single Answer Question For the formation of the contract of sale of goods, there should be Correct Answer Two parties Your Answer Two parties Multiple Choice Multiple Answer Question Following persons can not be called partners Correct Answer minors , insolvents , co-owners without the agreement to carry on the business Your Answer minors , insolvents , co-owners without the agreement to carry on the business Return to question paper search

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