Business law MCQ’s

1. According to the Sale of Goods Definition Section 2(7), the word “goods” means?

(A) All types of properties

(B) All types of movable property, without actionable claims & money

(C) All types of movable properties

(D) Property without actionable claims & money

2. Consideration can be defined as…

(A) All of these

(B) Income

(C) Profit

(D) Benefit

3. Which of the following debentures is paid to a certificate holder?

(A) Secured

(B) None of these

(C) Registered

(D) Bearer

4. Law of relationship in business between a person & a middleman is the?

(A) Business

(B) Agency

(C) Surety

(D) Legacy

5. A private company can be established by how many persons?

(A) Three

(B) Two

(C) Four

(D) All of these

6. In a public company, minimum number of directors is?

(A) 8

(B) All of the above

(C) 2

(D) 3

7. According to contract law, which person does not usually get any response?

(A) Surety

(B) Principal

(C) Agent

(D) None of these

8. The notice of general meeting to non-profitable companies is given in?

(A) 15 days

(B) 14 days

(C) 22 days

(D) 33 days

9. G & H contract to marry each other. Now, suppose H dies, the contract is…

(A) Void

(B) Valid

(C) None of these

(D) Voidable

10. The act which is done on behalf of the principal is?

(A) Consideration

(B) Rule

(C) All of the above

(D) Intention