Unpaid seller can exercise the right of resale of goods when
A. goods are of perishable nature
B. unpaid seller gives notice of his intention to resell
C. Both A and B
D. Neither A nor B
Select an option to see the answer and solution.
In the Contract of Sale, there is an implied warranty that:
A. Seller has a right to sell the goods
B. The buyer has the right to have and enjoy the quiet possession of goods only
C. The goods shall be free from any charge or encumbrance
D. The buyer has the right to have and enjoy the quiet possession of goods and that the goods shall be free from any charge or encumbrance
Select an option to see the answer and solution.
'A orally promises to pay to B' Rs. 1000.This promise amount to
A. bill of exchange
B. promissory note
C. cheque
D. None of these
Select an option to see the answer and solution.
The secretary should file a copy of the special resolution passed at the extra-ordinary general meeting to the Registrar with in:
A. 7 days
B. 30 days
C. 21 days
D. 14 days
Select an option to see the answer and solution.
A, a singer, enters into a contract with B, the manager of a theatre, to sing at his theatre two nights in every week during the next two months and B engages to pay her Rs. 1,000 for each night's performance. On the sixth night, A will fully absent herself from the theatre.
A. B is at liberty to put an end to the contract
B. B cannot put an end to the contract
C. Either A and B
D. None of the above
Select an option to see the answer and solution.
An independent director means a director other than a managing director or a whole-time director or a nominee director who does not have any material or pecuniary relationship with the company/directors. Which of the following should be the number of Independent Directors in every listed public company (fraction is to be rounded off to one)?
A. At least one-half of the total number of directors as independent directors
B. At least one-fourth of the total number of directors as independent directors
C. At least one-third of the total number of directors as independent directors
D. It can be any number
Select an option to see the answer and solution.
Match the following.
List-I
List-II
a. Patent
1. An exclusive right to do or authorise the doing the literary, dramatic and artistic works.
b. Trademark
2. An exclusive right granted to the owner of an invention to make, use manufacture and market it.
c. Copyright
3. A visual symbol which may be a word to indicate the source of the goods, signature, name etc.
A. a-1, b-3, c-2
B. a-2, b-3, c-1
C. a-3, b-2, c-1
D. a-1, b-2, c-3
Select an option to see the answer and solution.
Which of the following is called the charter of a company?
A. Prospectus
B. Articles of association
C. Memorandum
D. Certificate of Incorporation
Select an option to see the answer and solution.
The legal provisions relating to discharge of contract by impossibility of performance are contained in
A. Section 55
B. Section 56
C. Section 58
D. Section 59
Select an option to see the answer and solution.
Which of the following can be changed with retrospective effect:
A. Memorandum of Association
B. Articles of Association
C. Prospectus
D. None of these
Select an option to see the answer and solution.
A company can be wound up:
A. Voluntarily
B. By the order of the court
C. Under the supervision of the court
D. By all the above methods
Select an option to see the answer and solution.
If a Minor draw, indorse, deliver and negotiate Negotiable Instruments, it binds:
A. all the parties except minor
B. all the parties including minor
C. minor and only drawer
D. minor and the drawee
Select an option to see the answer and solution.
Which of the following options is the Quorum of GST council, in terms of its number of members?
A. One third
B. Three fourth
C. Two third
D. One half
Select an option to see the answer and solution.
Which one of the following statements is not correct:
A. A company secretary is a mere serveant of the company, and has no authority to represent the company
B. Company secretary is the agents of the company and can blind the company with his acts
C. The company secretary has the right to claim his salary as preferential creditor in case of winding up of the company
D. The company secretary has the right to sign all papers on behalf of the company
Select an option to see the answer and solution.
Which of the following is an essential of contract of sale?
A. Two parties
B. Sale of goods only
C. Transfer of ownership
D. All of these
Select an option to see the answer and solution.
Appointment Committee of Central Chief Information Commissioner (CIC) includes
A. Prime Minister
B. leader of the opposition in the Lok Sabha
C. one Union Cabinet Minister to be nominated by the Prime Minister
D. All of the above
Select an option to see the answer and solution.
A, contracts to buy from B 1000 bags of cement. B sends 1000 bags through truck. When cement arrives it becomes stone by the contact of rainwater. Can A reject the goods?
A. Yes, breach of condition as to wholesomeness
B. Yes, conditions as to merchantability
C. No, B never knew himself
D. No, A should have seen it
Select an option to see the answer and solution.
Casual vacancy of a director is filled by the following:
A. Board of directors
B. Central Government
C. Shareholders in general meeting
D. Registrar of companies
Select an option to see the answer and solution.
A company shall not proceed to allot shares until the beginning of which day from the date of the issue of the prospectus:
A. Third day
B. Fifth day
C. Seventh day
D. Tenth day
Select an option to see the answer and solution.
The discharge of contract means the
A. enforcement of obligations of parties
B. coming to end of obligations of parties
C. starting of obligation
D. payment of carriages and penalty
Select an option to see the answer and solution.