(A) Void
(B) Voidable
(C) Valid
(D) None of these
Category: Business Law Mcqs
“Void Ab Initio” means
(A) Invalid from the Beginning
(B) Partly Invalid
(C) Partly Valid
(D) None of these
Companies with shares available on stock market are called
(A) Listed Companies
(B) Unlisted Companies
(C) Stock Companies
(D) Equity-based Companies
Stock Exchange facilitates the business of
I. Company Formation
II. Company Regulation
III. Buying and Selling of Shares
(A) I only
(B) I and II only
(C) III only
(D) I, II and III
Death of a company is termed as
(A) Collapse
(B) Liquidation
(C) None of These
(D) A company cannot be dead
Sole Proprietorship is a kind of business that involves
(A) One Individual
(B) Two Individuals
(C) More than Two Individuals
(D) None of these
“Pacta sunt Servanda” means
(A) Promises must be kept
(B) Promises must be Broken
(C) Promises must not be Broken
(D) Promises are contracts by nature
Limited Liability in Partnership has been introduced after seeking inspiration from
(A) Sole Proprietorship
(B) Company or Corporation
(C) Both (A) and (B)
(D) None of these
Which kind of partnership entails more legal benefits?
(A) Limited Liability Partnership
(B) Unlimited Liability Partnership
(C) Ordinary Partnership
(D) None of these
In general, Partnership entails
(A) Limited Liability
(B) Unlimited Liability
(C) No Liability at all
(D) Both (A) and (C)