Collection of very important repeated MCQs of Business law.
- Business Contracts MCQs:
- Law of Torts MCQs:
- Agency Law MCQs:
- Business Organizations:
- Forms of business organization (e.g., sole proprietorship MCQs, partnership MCQs, corporation MCQs)
- Formation and governance of corporations MCQs
- Limited liability companies (LLCs) and partnerships MCQs
- Securities Law MCQs:
- Regulation of securities offerings MCQs
- Insider trading MCQs
- Securities Exchange Act of 1934 MCQs
- Intellectual Property MCQs:
- Trademarks and trade names MCQs
- Copyrights MCQs
- Patents and trade secrets MCQs
- Antitrust Law MCQs:
- Monopolies and anticompetitive practices MCQs
- Consumer Protection MCQs:
- Fair Credit Reporting Act MCQs
- Consumer Product Safety Act MCQs
- Deceptive Trade Practices Act MCQs
- Bankruptcy MCQs:
- Types of bankruptcy MCQs
- Rights of creditors and debtors MCQs
- Reorganization and liquidation MCQs
- Employment Law MCQs:
- Employment discrimination MCQs
- Wage and hour laws MCQs
- Occupational Safety and Health Act (OSHA) MCQs
- International Business Law MCQs:
- International trade regulations MCQs
- Foreign Corrupt Practices Act MCQs
- Dispute resolution in international transactions MCQs
a)Law is either private law or _________ law.
1)Public
2)Private
3)Local
4)Family
5)None of these
b) A breach of contract can be of ___________ breach
1)Discharged
2)Illegal
3)Void
4)None of these
(c) How many parties are there to a Promissory note?
(1) Two parties
(2) One party
(3) Four party
(4) Three parties
5)None of these
(d) A minor can be an _____________?
1) Surety
2) Agent
3) Partner
4) All of these
5)None of these
(e) Public Law is divided into ________ categories?
1)Three
2)Four
3)Two
4)None of these
(f) An agreement that is caused by fraud, misrepresentation & coercion is _____?
1)Voidable
2)Partially Void
3)Valid
4)All of these
5)None of these
(g) The person which is represented as an agent ______?
1) Middleman
2) Owner
3)None of these
4) Principal
(h) Public law includes _______law?
1) Administrative
2) Constitution
3) Criminal
4) All of these
5)None of these
(I) Contingent goods belongs to _______ goods?
1)Existing
2)Future
3)Contingent
4)None of these
(J) Is voidable contract?
1) Partly valid agreement
2) An illegal agreement
3) All of these
4) None of these
According to Contract Act, Select the true about the “Contract”?
A. Legal Term
B. Binding agreement
C. Always in written
(A) B only
(B) A and B only
(C) A, B and C
A Contract can be signed between
(A) Individuals
(B) Legal Entities
(C) All of the above A and B
(D) None of these
In general, Partnership entails which one of the following liability?
(A) Unlimited Liability
(B) Limited Liability
(C) No Liability at all
(D) Both A and C
Select the best of partnership that entails more legal benefits?
(A) Unlimited Liability Partnership
(B) Limited Liability Partnership
(C) Ordinary Partnership
(D) None of these
Reciprocal represent the meaning of
A.One sided contracts
B.Trilateral contracts
C. Bilateral contracts
D.None of above
…..is the promise which forms the consideration or part of the consideration for each other.
A. Reciprocal promise
B. Conditional promise
C. Simple promise
D. None of above
A proposal may be revoked by different ways as are provided in which one of the followings section of the Contract Act 1872.
A. 6
B. 7
C. 8
D. None of above
How many ways for revocation of proposal, according to the section 6 of the Contract Act, 1872
A. 2
B. 3
C. 4
D. None of above