A statement of law is binding for future similar disputes if…
- is made by the way
- it forms the basis of the decision
- it is based on a hypothesis
A company which develops a new product, protects this invention …
- by an insurance policy
- by a patent
- by a share certificate
Negligence is an actionable wrong affecting …
- general rights
- the person
- property
A mortgage can be set aside …
- if it has been obtained by undue influence
- can never be set aside
- if the presumption of undue influence has been rebutted in the Court
A holder of bearer shares becomes a member of the company…
- automatically
- according to the decision of the directors of the company
- if Articles of the company allow that
If a minority shareholder does not agree with the majority…
- the majority must agree with him
- he must accept the decision of the majority
- the court will support him
Allowing water to escape from reservoirs is a tort affecting …
- economic rights
- general rights
- property
Fiduciary duties of employees are implied into a contract of employment …
- are not implied
- by the common law
- by statute
A person cannot be a partner if …
- it is a limited company
- he or she is a minor
- he or she is an enemy alien
The register of the company must be kept…
- at the registered office
- in the residence of the majority shareholder
- in the office of the CEO
Directors of a public company can be appointed…
- at the age under 70
- at the age under 60
- at any age
The bankruptcy order is published in…
- the Financial Times
- the London Gazette
- the Business Week
The monopolies and mergers commission consists of…
- not less than 10 members
- not more than 30 members
The transfer of property to the buyer is the main purpose …
- of the contract for the sale of goods
- of the contract for service
- of the contract for labor and materials
A director of a public company can be disqualified…
- by a majority shareholder
- by the court
- by the annual meeting of shareholder
The capital clause of the memorandum states…
- the authorized capital
- the capital assets
- the actual capital raised
Fiduciary duties are owed …
- by buyers to sellers
- by sales clerks to the customers
- by employees to their employers
The east india company was created…
- under Companies Act
- by Royal Charter
- by special Act of Parliament
A bankrupt must disclose his status if he wants to obtain…
- a credit of 250 pounds or more
- a credit
- a credit of more than 50 pounds sterling
Choose the right ending of the sentence general agents have...
- unlimited authority
- authority for a specific purpose
- authority to act within certain limits
According to the contract, the goods must be transferred …
- for other goods
- for securities.
- for money
A subsidiary company is owned…
- by a holding company
- by a sole trader
- by a partnership
Preference shareholders have the right…
- to receive a fixed dividend prior to ordinary shareholders
- to receive an unlimited dividend
- to receive surplus assets
The following products are excluded from liability under the consumer protection act:
- electricity
- unprocessed game
- vapors
To control rogue dealers, the dg may bring proceedings…
- in the High Court
- in the Crown Court
- in the Restrictive Practices Court
A shareholder of a public company can sell his shares freely…
- if majority shareholder gives his consent
- if the shares are dealt with on the Stock Exchange or the AIM
- if other shareholders agree
The loan agreement provides for repayment of loan plus interest …
- at any time subject to no restrictions
- exactly by the legal date of redemption
- at any time subject to reasonable restrictions
To take part in the management of a registered company, a bankrupt must get…
- the creditors’ consent
- the court’s consent
- the trustee’s consent
When the land is owned by a company, …
- there must be registration of both legal and equitable mortgages
- there must be registration of the equitable mortgage
- registration of a mortgage is not necessary
A separate legal person is created in setting up business as…
- a partnership
- a registered company
- a sole trader