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Business Law online mcq practice set with answers

Business Law online mcq practice set with answers

Study Business Law online mcq practice set with answers for your academic course and prepare for your exam and online assignments. You can give online FREE Quiz and test your knowledge on OMCQ portal.

#OMCQ #MCQ #OnlineMCQ #OnlineQuiz – Yes! After Practice of MCQ, you can give Online Business Law Quiz Test of Business Law Multiple Choice Question Practice Exam Online Set and check your knowledge about your study.

Exam Question

The office of a director becomes vacant if he fails to obtain his qualification shares within…

  • 1) 30 days
  • 2) 1 month
  • 3) 2 months
  • 4) 3 month

View Answer

Answer 3) 2 months

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

The right of subrogation in a contract of guarantee is available to the

  • 1) creditor
  • 2) principal debtor
  • 3) surety
  • 4) indemnified

View Answer

Answer 3) surety

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

If there is error in cause, the contract I

  • 1) void
  • 2) voidable
  • 3) valid
  • 4) illegal

View Answer

Answer 2) voidable

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

Which is the following is false An acceptance

  • 1) Must be communicated
  • 2) Must be absolute and unconditional
  • 3) Must accepted by a person having authority to accept
  • 4) May be presumed from silence of offeree

View Answer

Answer 4) May be presumed from silence of offeree

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

In a sale, there is an implied condition on the part of the seller that he

  • 1) has a right to sell the goods
  • 2) is in possession of the goods
  • 3) will have the right to sell
  • 4) will acquire the goods

View Answer

Answer 1) has a right to sell the goods

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

An agreement made without consideration is

  • 1) valid,
  • 2) illegal,
  • 3) voidable
  • 4) void

View Answer

Answer 4) void

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

As a general rule, an agreement made without consideration is;

  • 1) Void
  • 2) Voidable
  • 3) Valid
  • 4) Unlawful

View Answer

Answer 1) Void

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

A, B and C jointly promised to pay Rs.6000 to D. Before the performance of the contract, C dies. Here the contract;

  • 1) Becomes void on C’s death
  • 2) Should be performed by A and B along with C’s legal representatives
  • 3) Should be performed by A and B alone
  • 4) Should be renewed between A, B and D

View Answer

Answer 2) Should be performed by A and B along with C’s legal representatives

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

The winding up in which a solvency declaration is not made is known as…

  • 1) Creditors voluntary winding up
  • 2) Members voluntary winding up
  • 3) Compulsory winding up
  • 4) None of the above

View Answer

Answer 1) Creditors voluntary winding up

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

The idea of carrying on a business is conceived by a person by a group of persons called…

  • 1) Exploits
  • 2) Promoters
  • 3) Directors
  • 4) None of these

View Answer

Answer 2) Promoters

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

…Company may be companies limited by shares companies limited guarantee, unlimited companies.

  • 1) Number of members
  • 2) Liability of members
  • 3) Registered
  • 4) Incorporation

View Answer

Answer 2) Liability of members

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

The board of directors delegate the power to…

  • 1) Issue debentures
  • 2) Issue of shares
  • 3) Invest the fund
  • 4) Make loans

View Answer

Answer 4) Make loans

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

When the consent of a party is obtained by coercion undue influence, fraud or misrepresentation, the contract is;

  • 1) Void
  • 2) Voidable
  • 3) Valid
  • 4) Illegal

View Answer

Answer 2) Voidable

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

The common seal of the company is the…

  • 1) Official signature of the company
  • 2) Rights of the company
  • 3) General view of the company
  • 4) None of the above

View Answer

Answer 1) Official signature of the company

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

…can be passed by the support of three fourth majority a share holders who are present and entitle to vote at a meeting.

  • 1) Special resolution
  • 2) Ordinary resolution
  • 3) Both A and B
  • 4) None of these

View Answer

Answer 3) Both A and B

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

…Member of directors need to retire every year

  • 1) 2/3
  • 2) 2
  • 3) ¼
  • 4) 1/3

View Answer

Answer 4) 1/3

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

Flaw in a capacity to contract may arise from

  • 1) want of consideration
  • 2) unsoundness of mind
  • 3) illegality of object
  • 4) uncertainty of object

View Answer

Answer 2) unsoundness of mind

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

Shares can be freely transferable in…

  • 1) Public company
  • 2) Private company
  • 3) Registered company
  • 4) Government company

View Answer

Answer 1) Public company

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

Can a person who is usually of unsound, but occasionally of sound mind, make a contract

  • 1) Yes, he can always make a contract
  • 2) Yes, but only when he is sound mind
  • 3) No, he cannot make contract
  • 4) Can’t be determined

View Answer

Answer 2) Yes, but only when he is sound mind

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

A contract depend on the happening or non happening of the future uncertain event, is a

  • 1) Uncertain contract
  • 2) Contingent contract
  • 3) Void contract
  • 4) Voidable contract

View Answer

Answer 2) Contingent contract

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Law question set and give online exam quiz test for Business Law, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt
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Important note for exam preparation: Must try Online Business Law Quiz Test after practice these Forex Banking MCQ, so you can check your knowledge and improve efficiency. You can get link from above mention for these subjects.