Business Law exam quiz with answer

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Business Law

1 / 20

Q: Shelf Prospectus means a prospectus issued by…

1) Any trading company

2) Any industrial company

3) Any financial institution of bank

4) None of the above

2 / 20

Q: The minutes of the company in case of a Board Meeting shall be signed by…

1) Director

2) Chairman

3) Managing director

4) Both A and B

3 / 20

Q: Sec….of the companies Act deals with the meaning and provisions related to the shelf prospectus.

1) 50

2) 4(1)

3) 2(2)

4) 60

4 / 20

Q: Minutes of company meeting should e prepared with in…of the meeting

1) 21 days

2) 30 days

3) 40 days

4) 45 days

5 / 20

Q: See…of the companies Act, 1956 states that a company means a company formed and registered under this Act, or an existing company

1) 3(2)(ii)

2) 3(1)(ii)

3) 3(3)(i)

4) 3(1)(i)

6 / 20

Q: A printed copy articles as altered shall be filed by the company with the register within…of order of approval from central

1) 3 months

2) 6 months

3) One month

4) 2 month

7 / 20

Q: A meeting of Board of Directors shall be held at least…

1) One month

2) Once in every 3 months and at least 4 such meetings shall be held every year

3) Two month

4) 4 months and at least 3 such meetings must be held in every year

8 / 20

Q: An offer may lapse by

1) Revocation

2) Counter Offer

3) Rejection of offer by offeree

4) All of these

9 / 20

Q: When one party is in a position to dominate the will of another and uses his superior position to obtain the consent of a weaker party, the consent is said to be obtained by;

1) Coercion

2) Undue influence

3) Fraud

4) Misrepresentation

10 / 20

Q: An agreement in restraint of marriage, ie, which prevents a person from marrying is

1) Valid

2) Voidable

3) Void

4) Contingent

11 / 20

Q: A contract is discharged by recission which means the;

1) Change in one or more terms of the contract

2) Acceptance of lesser performance

3) Abandonment of rights by a party

4) Cancellation of the existing contract

12 / 20

Q: A person who finds good belonging to another and takes them into his custody, is subject to the same responsibility as a

1) bailee

2) true owner

3) bailor

4) pledge

13 / 20

Q: The foundation of modern law of dameges was laid down in,

1) Tinn v. Hoffman

2) Taylor v. caldwell

3) Hadley v. Baxendale

4) Addis v. Gramophone

14 / 20

Q: Where there are co-sureties, a release by the creditor of one of them

1) discharges the other co-sureties

2) does not discharge the other co-sureties

3) makes all the co-suretiesimmediately liable

4) makes the contract of guarantee void

15 / 20

Q: Owing to a strike in the factory of A, he is not able to supply the goods to B as per the terms of the agreement > The agreement in such a case

1) is discharged

2) is not discharged

3) becomes void

4) is voidable at the option of A

16 / 20

Q: A quasi contract

1) is a contract

2) as an agreement

3) creates only legal obligation

4) is none of these

17 / 20

Q: Merely because a contract was caused by one of the parties to it being under a mistake as to a matter of fact, it isnot

1) voidable

2) void

3) affected at all

4) none of the above

18 / 20

Q: An agreement to do an impossible act is,

1) void

2) voidable

3) illegal

4) enforceable under certain circumstances

19 / 20

Q: A promise to subscribe to a charity. The promise is a

1) valid contract,

2) voidable contract,

3) void agreement

4) void contract

20 / 20

Q: A mere attempt at deceipt by a party to a contract…

1) is not fraud unless the other party is actually deceived

2) is fraud whether the other party has been deceived ornot

3) amounts to misrepresentation

4) none of the above

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FAQ of Business Law Quiz

Q1: Is this free online quiz for Business Law?

Answer: Yes! you can test your skills and its 100% free to give test from Business Law subjects. You can study from question bank on home pages and search from entire question bank.

Q2: How many question in this online quiz for Business Law multiple choice question?

Answer: There are 20s multiple choice question from question bank of Business Law. Every time question will swap from online question bank. So you can test your knowledge and check percentages of correct/incorrect along-with answers.

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Business Law exam quiz with answer

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