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. Specified person or its assignee
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
810. Provisions of Municipal law :
A. Can be enforced without restriction in international relations
B. Can be enforced in international relations provided that they do not violate international law *
C. Are not all the enforceable in international relations
D. Are not at all enforceable in international relations