Business Environment and Legal Aspects of Business Mcq

59. The common law doctrine of __ is based on the legal theory of _________en liability. A. respond superiorly; harmful B. respondeat superior; Deputy C. respondeat inferior; the wicked D. respondeat inferior; Member`s answer: B 120. When can a private company start operations? A. at any time. after the application for registration.

C. after receipt of the instrument of incorporation. D. after receipt of the certificate of commencement of activity Answer: C a. Invalid it b. Will not make it void c. A legally binding payment granted to an individual or company in exchange for the continued use of its assets, such as copyrighted works, franchises, and natural resources, is called a royalty. 95. What are the two types of business structures created by a start-up process? A. Companies and sole proprietorships.

general partnerships and limited partnerships. C. Limited partnerships and partnerships. D. Companies and Partnerships. Answer: C 64. Clients often employ people and companies that are not their employees to perform certain tasks on their behalf. These people and companies are called ________ A. dependent B. sub C.

general D. independent answer: D However, these objective questions about business law with solutions will help MBA students, BBA, B.Com, M.Com. In addition, we have dealt with the multiple choice issues of the Indian Contract Act of 1882, the Sale of Goods Act of 1930, etc. 6. The legal relationship between the intermediary and the entrepreneur is regulated by I am Sure, so you will find these MCQs on the legal aspects of business law useful and interesting with answers. 101. The agreement concluded with a foreign enemy is valid B. Questionable C. Illegal D. DIFFICULT ANSWER: C 102. The consideration is —- A. does not have to be reasonable B.

Reasonable C. the two Ds. None of these ANSWERS: A 103. Consent given under duress makes the contract – – A. null B. valid C. null D. invalid ANSWER: C 104.

What is the charter of a company? A. Statutes B. Statutes C. Statutes D. Prospectus. ANSWER: A 105. The name of a company can be changed by________________. A. an ordinary resolution B. a special resolution C. the approval of the Government of the Union D. a special resolution and with the consent of the central government ANSWER: A 106.

The __________defines a company`s relationship with the outside world. A. Prospectus. B. Gesellschaftsschrift. C. Statutes. D. Declaration instead of prospectus ANSWER: B 107. Mark the type of amendment authorized in the articles of association____ A.

and which may not be in the interest of the Company. this violates the provisions of the German Law on Joint Stock Companies. C. which increases a member`s liability without their written consent. D. which is compatible with the statutes ANSWER: D 108. Which of the following companies must file a statement instead of the prospectus? One. A limited liability company. B. A cooperative. C. A company that has issued a prospectus.

D. Public limited company which has not issued a prospectus REPLY: D 109. The most important document of a company is its__________. A. Prospectus. B. Annual Report. C. Constitution. D. Statutes ANSWER: C 110. In a sales contract, the seller receives if________ A for the price.

The goods have been delivered to the buyer. B. The goods have not been delivered to the buyer. C. There is a specific agreement. D. This is not a specific agreement. ANSWER: C 111. In a purchase contract, if no goods are detected, it is______________ A.

A sale. B. A sales contract. C. A null and void agreement. D. An unenforceable agreement. ANSWER: B 112. The rules and regulations for the internal management of a company are contained in its___. One. Pamphlet. B.

Annual Report. C. Constitution. D. Statutes ANSWER: D 113. A/year _______may become a director of a company. A. Partnership Company. B.

No one with an unhealthy mind. C. individual. D. Company COMPANY`S RESPONSE: C 114. How many directors of a public limited company must be appointed by the company at general meeting A, unless the articles of association provide otherwise. All administrators. B.

Half of the directors. C. Two-thirds of the directors. D. Three quarters of the directors REPLY: C 115. Which of the following is beyond the authority of the Board of Directors? One. For the issuance of bonds. B. Granting loans. C. The payment of debts owed by a director.

D. Issue of prospectusES REPLY: C 116. Holding company means a company ____ A. which is owned by another company. a state-owned enterprise. C. a chartered company. D. a subsidiary REPLY: A 117. The partnership may be considered _____ a responsible entity. C. both a legal entity and a responsible entity.

D. neither a legal person nor a responsible person ANSWER: D 118. A promoter is a person who is ____________ A. is a director. B. is a relative of the company. C. is a commendator of the company. D. participates in the foundation of the company ANSWER: D 119.

The minimum subscription amount can be learned from ________ A. Prospectus. B. Gesellschaftsschrift. C. Statutes. D. Minutes of general meetings REPLY: A 120.

When can a private company start operations? A. at any time. after the application for registration. C. after receipt of the instrument of incorporation. D. after receipt of the certificate of commencement of activity ANSWER: C 121. The doctrine of constructive notification implies that __.. A.

in the companies register B. It is assumed that anyone dealing with the company has knowledge of the documents in the C domain. The regularity of the deliberations must be requested, with a period of one week for each correspondence D. Indoor-Management ANSWER: B 122. When transferring shares, a letter of provision must be required for a person______. A. is declared insolvent. B. behaves badly. C. becomes an unhealthy mind. D.

death ANSWER: D 123. The right of an unpaid seller to the privileges is to retain ownership of _____ B. Regain ownership. C. Price Recovery and Other Fees. D. Damages. ANSWER: A 124. ——— is the incorporation of the company A. Memorandum B. Article C. Prospectus D.

Property ANSWER: A 125. Which of the following characteristics are characteristics of a business? One. Its liability is unlimited. B. It exists only in the light of Law C. He has no eternal succession D. It ends with the death of all its members ANSWER: B 126.