The appointment of a person of the minor age as an agent is:
A. Void; B. Valid; C. Voidable D. None of these
An empire in an arbitration reference is appointed when the number of arbitrators is:
A. Odd; B. Even; C. More than 10. D. None of these
A decision made by arbitrators is called: Sentence;
A. Sentence; B. Award; C. Judgment D. None of these
A is considering different forms of business organization for his business. For the purposes of owning property and being a party to litigation, forms which are legal entities separate from their owners include:
A. Limited Partnership only; B. Private Limited Companies only; C. Both Private and Public Limited Companies D. None of these
A subsidiary company is the one:
A. which holds the majority shares of another company; B. which deals in the trading of shares of other companies; C. in which the majority shares are held by another…
For the incorporation of a limited liability company filing of Memorandum of Association is essential:
A. for a public limited company only; B. for a private limited company, a public limited company and an unlimited company; C. for a Public Limited company only; D. None…
A holder in due course is the one:
A. Who finds an instrument; B. Who steals an instrument; C. Who gets an instrument as a gift; D. None of these
A bearer Instrument is the one which is payable to:
A. A named person; B. To a bearer; C. To both; D. None of these
An Order Instrument is the one which is payable to:
A. A named person; B. To a bearer; C. To both D. None of these
When a partnership is found liable for a debt, which assets are first used to pay the debt?
A. Individual assets of the partners; B. Personal property of the limited partners; C. Partnership assets. D. None of these