Q). If a negotiable instrument is not honoured, the seller is deemed to be an
A) Provocative Seller
B) Unpaid Seller
C) Reactive Seller
D) Strategic Seller
Q). The promoter of a company is
A) an agent
B) A Trustee
C) A Shareholder
D) Quasi – trustee
Q). Provision of Articles of Association is
A) Winding up
B) Capital clause
C) The object of company
D) The Association clause
Q). The Legal relationship between the middlemen and business persons is governed by
A) Law of Business
B) Law of Surety
C) Law of Agency
D) None of the above
Q). The sale of Goods Act deals only with goods which are ……….. in nature
A) Immovable
B) Movable
C) Specific
D) All of the above