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 company;
D. None of these
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 of these
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