801. Which of the following actions requires the unanimous consent of all partners before it may be undertaken?
A. Hiring a new employee
B. Purchasing new office equipment;
C. Admitting new partners;
D. None of these

802. 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

803. 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

804. 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

805. 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

806. 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

807. A decision made by arbitrators is called:
A. Sentence;
B. Award;
C. Judgment
D. None of these

808. The appointment of a person of the minor age as an agent is:
A. Void;
B. Valid;
C. Voidable
D. None of these

809. Pacta Sunt Servanda means
A. Treaties between states are to be respected
B. An unwanted person
C. International Law must be honoured
D. None of these

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