Corporate law questions and answers. Solved MCQs Questions and Answers: Business Law and Corporate Governance 2018-12-22

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Business Law Questions & Answers :: Justia Ask a Lawyer

corporate law questions and answers

None of above Ans: c 32. Can Foreigners be subscriber a Yes b No Ans. Contract Act Questions: What is a contract of Agency and explain the rules regarding termination of Agency? The rule applies to any situation in which acceptance is made in a manner expressly or impliedly authorized. The goods are free from any charge or burden of 3rd party is an example of a. The buyer disagrees and says they are now his. What is a contract as per Indian Contract Act and also explain the essentials of Valid Contract? Answer b is not chosen because in the case of corporations or businesses, the copyright is valid for the shorter of 100 years after the creation of the work or 75 years from its date of publication.

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Business Law I Final Multiple Choice

corporate law questions and answers

But if the church is organized as an Ohio non-profit corporation, the members could take legal action to obtain access to the contract. You will repeat this process for every topic in the subject where this is possible. In addition, you should agree now on how to exit the business when the. As per the Miranda right they have the right to remain silent after they are put under arrest. The owner gets to receives all the profits that the business makes as well as incur its losses.

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Corporate law tutorial answers and notes summary

corporate law questions and answers

Business law is a branch of law that examines what? The facts will be different, but the question will always be the same. Answer d is incorrect because copyrights taken out by corporations or businesses are valid for 100 years from creation of the copyrighted item or 75 years from its publication, whichever is shorter. Hopefully this is enough to give you an idea on how to start — the next step is repeating this for each topic covered in your subject usually each topic will give rise to one question that will be on the exam. In concerning the Fifth Amendment in regards to possession of business records of an organization is limited. None of above Ans: c 29. Also state how you differentiate them? Step 3: Consider again how the answer could vary between questions Make sure you include alternative endings to cater for different fact scenarios.

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MCQs on legal Aspects of Business Law with Answers

corporate law questions and answers

If you have those, you will be exposed to the various ownership entities real estate investors use to acquire and operate rental properties. What are the rights available to an unpaid seller? Will make it illegal d. The questions will start out easy at first. Advice Stylish of his contractual rights in relation to the window coverings Including a discussion of appropriate remedies. The house was completed in late 2013.

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Top Business Law Quizzes, Trivia, Questions & Answers

corporate law questions and answers

You will realise that the same questions are rehashed each year, with some small variations which makes sense, because the same material is being taught every single year. Insurance company may be able to reject to pay a claim or a part of claim if the policyholder has not compiled with their duty of disclosure. Effectively, it refers to the fact that the entrepreneur starting the business is shielded from personal liability when someone sues the. A consideration can simply be explained as a. Go ahead and give it a try! Will not Make it Void c.

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Corporate law tutorial answers and notes summary

corporate law questions and answers

If there is any dispute and settlement has been done then employer should pay bonus within a 2 months b 1 month c 3 months d None of these Ans. If the contract is between the minister and the board, then it is the board's decision if the members can see the contract. The Miranda rights are read to the person after they placed under arrest. In these circumstances, it may be worth having some short lists in your script. This form is applicable in the United States.

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MCQs on legal Aspects of Business Law with Answers

corporate law questions and answers

There are five main steps. Condition as to Merchantable Quality is an example of a. Since there was a unilateral contract, there can be no quasi-contract. While finding new factual scenarios is ideal, you will still get some value from going through an exam for a second or third time. Explain the various Types of Endorsement with illustrations. You can have an attorney review the Board rules and facts related to this incident.

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Solved MCQs Questions and Answers: Business Law and Corporate Governance

corporate law questions and answers

If it's a gift, that's the end of the story; the giver has no claim to ownership. In the unlikely event that it was incorrect, then it would have been easy to change on the fly If you have plenty of time then you could simply go through each of the parts below. None of the above Ans: d 28. There are three important parties involved in an agency relationship; the agent this is who can enter a contract on behalf of someone else , a principal this is the seller , and a third party this would be the buyer. When the act was performed, a unilateral contract was created and the offeror is bound to pay. Apparent authority refers to a situation where a reasonable person would understand that an agent had authority to act.

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MCQs on legal Aspects of Business Law with Answers

corporate law questions and answers

None of the above Ans: a 8. The acceptance of an offer must conform exactly to the terms of the offer under common law. Such co-ordination of sub-ordinates and their departments will certainly help the organization in achieving its objective. In case of joint shareholders company will issue two share certificate a Yes b No Ans. A company not declare dividend at. Thus Damien had offered Jason Miao a bilateral offer.

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