Legal Aspects of Business (LAW670)- Semester II
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AMITY (Assignment) BBA Semester 1
MODULE 1
An agency agreement relationship can be established by: Select one: a. Express agreement b. Implied agreement c. By necessity and d. All of the above Question 1 In cases where presentment is compulsory and the holder fails to present the acceptance, is/are discharged from their liability to him: Select one: a. The drawer b. All the endorsers c. Both (a) and (b) d. Neither (a) nor (b) Question 2 Future goods mean goods produce or manufactured or acquired by the seller: Select one: a. At the time of the contract of sale b. After making the contract of sale c. Before making the contract of sale d. Both (a) and (c) Question 3 An instrument stands discharged when: Select one: a. All the rights under it are extinguished b. Some of the rights under it are extinguished c. The drawer dies d. None of the above Question 4 When the Indian contract act introduced? Select one: a. 1872 b. 1772 c. 1871 d. 1873 Question 5 According to Section 2(h) of the Contract Act, a contract is: Select one: a. A promise enforceable by law b. An acceptance enforceable by law c. An agreement not enforceable by law d. An agreement enforceable by law Question 6 Goods owned or possessed by the seller are called: Select one: a. Specific goods b. Ascertained goods c. Existing goods d. All of the above Question 7 In which Negotiable instrument there are three parties: Select one: a. Bill of Exchange b. Promissory Note c. Both d. None Question 8 The Sale of Goods Act 1930, deals with the contract of: Select one: a. Mortgage b. Sale c. Pledge d. Bailment Question 9 Promissory Note is: Select one: a. Is a conditional Promise b. Is an unconditional order c. Is an unconditional request d. Is an unconditional Promise Question 10 If the consent is obtained by mental pressure, it is known as: Select one: a. Mistake b. Undue Influence c. Coercion d. Fraud In a contract, the parties should have the intention to create: Select one: a. A moral obligation between them b. A legal obligation between them c. An ethical obligation between them d. All of the above Question 11 Which one of the following is correct? Select one: a. Past consideration is no consideration b. Consideration can be past, present or future c. Consideration can only be present d. Consideration can only be present and future Question 12 Who among the following cannot cross a cheque: Select one: a. Drawer b. Holder c. Banker d. Foreigner Question 13 A contract in which the obligation of both the parties is outstanding and a contract in which the obligation is to be performed in the future are respectively called: Select one: a. Executory and Bilateral b. Executory and Unilateral c. Unilateral and Executory d. Bilateral and Executory Question 14 Where a stipulation in a contract is essential to the main purpose of the contract. It is called: Select one: a. A condition b. Warranty c. Guarantee d. None of the above Question 15 To whom of the following, payment of the amount due on a promissory note, bill of exchange or cheque must be made in order to discharge the maker or acceptor Select one: a. Holder of the instrument b. Endorser of the instrument c. Endorsee of the instrument d. None of the above Question 16 Section 4(3) of the Act says that “where under a contract of sale the property in the goods is transferred from the seller to the buyer, then it is known as” Select one: a. Sale b. Purchase c. Pledge d. None of the above Question 17 If only a part of the amount of the instrument is endorsed, it is a case of an _ endorsement which purports to transfer to the endorsee only a part of the amount payable, or which purports to transfer the instrument to two or more endorsees severally, is not valid. Select one: a. Complete Endorsement b. Partial Endorsement c. Both (a) and (b) d. None of the above
Legal Aspects of Business (LAW670)- Semester II
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AMITY (Assignment) BBA Semester 1
MODULE 2:
Question 1. A partnership deed contains the details associated with
Select one:
a. Nature of business and duration of firm
b. Capital contribution, profit/loss sharing ration and other agreed terms
c. Name of firm and partners
d. All of above
Clear my choice
Question 2. What is an association of two or more persons to carry on, as co-owners, a business and to share its profits and losses?
Select one:
a. Partnership
b. Proprietorship
c. Dissolution of firm
d. Partnership deed
Clear my choice
Question 3. Two or more persons are required to file an incorporation / registration documents for incorporating an LLP with the in the State in which the registered office of he LLP is situated.
Select one:
a. Registrar of Companies
b. Legislative body
c. State government
d. Central government
Clear my choice
Question 4. A person who is entitled to a share of the profits from a partnership firm is known as:
Select one:
a. Partner
b. Creditor
c. Salaried employee
d. None of the above
Clear my choice
Question 5. What is a document that outlines in details the terms, rights and responsibilities of all the partners in a partnership firm?
Select one:
a. Partnership
b. Proprietorship
c. Dissolution of firm
d. Partnership deed
Clear my choice
Question 6. The application for registration of a firm shall be accompanied by the prescribed fee, It shall state:
Select one:
a. the name of the firm
b. the place or principal place of business of the firm
c. the names in full and permanent addresses of the partners; the duration of the firm
d. All of the above
Clear my choice
Question 7. Which of the following is the name of a very popular form of business in India?
Select one:
a. Partnership deed
b. Partnership firm
c. Dissolution of firm
d. None of the above
Clear my choice
Question 8. Limited Liability Partnership Act, was established in year:
Select one:
a. 1930
b. 1872
c. 2008
d. 1881
Clear my choice
Question 9. Under the LLP Act, there should be a minimum of atleast partners in an LLP
Select one:
a. 1
b. 2
c. 3
d. 4
Clear my choice
Question 10. Partnership Act 1932 came into force on:
Select one:
a. October, 1932
b. April, 1932
c. August,1932
d. November,1932
Clear my choice
Question 11. Who is a person who takes part in an undertaking with another or others, especially in a business with shared risks and profit?
Select one:
a. Partnership
b. Proprietorship
c. Creditor
d. Partner
Clear my choice
Question 12. When all the partners resolve to dissolve the partnership, the dissolution of firm occurs, i.e. the firm is ………….
Select one:
a. Formed
b. Partnership
c. Partner
d. Wound up
Clear my choice
Question 13. Persons, who subscribed to the___________ at the time of incorporation of LLP, shall be partners of Limited Liability Partnership (LLP).
Select one:
a. Unregistered Document
b. Legal Document
c. Incorporation Document
d. None of the above
Clear my choice
Question 14. In the case of a Limited Liability Partnership, the liablity of a partner is:
Select one:
a. Unlimited
b. Limited
c. No liability
d. None of the above
Clear my choice
Question 15. Power of Partner includes
Select one:
a. Buying and Selling goods
b. Receiving payments on behalf of the firm
c. Both A and B are correct
d. Both A and B are Incorrect
Clear my choice
Question 16. Which one is not true test of Partnership Act -1932.
Select one:
a. Agreement
b. Business
c. Sharing of Profits
d. HUF Business
Clear my choice
Question 17. A limited liability partnership (LLP) contains the features of:
Select one:
a. Partneship firm
b. Company
c. Both of the above
d. None of the above
Legal Aspects of Business (LAW670)- Semester II
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AMITY (Assignment) BBA Semester 1
3rd Module Assessment
Question 1. Which section of Companies Act, 2013 states that SEBI has powers to regulate Issue and transfer of securities?
Select one:
a. Section 23
b. Section 24
c. Section 25
d. Section 26
Clear my choice
Question 2. A copy of the ____ must accompany each from of application for shares offered to the public
Select one:
a. Memorandum of association
b. Prospectus
c. Articles of association
d. None of the above
Clear my choice
Question 3. The shares of a ___ company can be freely transferable
Select one:
a. Private ltd
b. Public ltd
c. Partnership
d. All of the above
Clear my choice
Question 4. Which of the following is the Principle of Corporate Governance?
Select one:
a. Transparency
b. Accountability
c. Independence
d. All of the above
Clear my choice
Question 5. Section 233 prescribes simplified procedure for Merger or amalgamation of __
Select one:
a. two or more small companies or
b. between a holding company and its wholly-owned subsidiary company or
c. such other class or classes of companies as may be prescribed
d. All of the above
Clear my choice
Question 6. As per Section 203 (1), every company belonging to such class or classes of companies as may be prescribed shall have the following whole-time key managerial personnel —
Select one:
a. Managing Director, or Chief Executive Officer or Manager and in their absence, a Whole-Time Director
b. Company Secretary
c. Chief Financial Officer
d. All of the above
Clear my choice
Question 7. When did The Companies act 2013, come into force?
Select one:
a. 1-Apr-13
b. 1-Mar-14
c. 30-Aug-13
d. 1-May-13
Clear my choice
Question 8. The minimum number of members that required while you are registering a public company is___
Select one:
a. 2
b. 6
c. 7
d. 5
Clear my choice
Question 9. The company shall furnish to the Registrar verification of its registered office within a period of __ of its incorporation in such manner as may be prescribed
Select one:
a. 60 days
b. 45 days
c. 30 days
d. 15 days
Clear my choice
Question 10. The memorandum of a company is dealt under ?
Select one:
a. section 12
b. section 15
c. section 6
d. section 4
Clear my choice
A company may adopt all or any of the regulations contained in the model articles applicable to such a company.
Select one:
a. TRUE
b. FALSE
c. Partly True
d. Partly False
Question 11. State whether true or false:
- Effect of floating charge is covered under section 332.
- As per above section, when a company is being wound up, a floating charge on the undertaking or property of the company created within the twelve months immediately preceding the commencement of the winding up
Select one:
a. 1 – T, 2 – T
b. 1 –F, 2 – F
c. 1 – F, 2 – T
d. 1 – T, 2 – F
Clear my choice
Section _ of the Companies Act, 2013 imposes a ______obligation on every company to cause minutes of all proceedings of general meetings, board meetings and other meeting and resolution passed by postal ballot
Select one:
a. 118; statutory
b. 119; statutory
c. 119; non-statutory
d. 118; non-statutory
Question 12. All monies payable by any member to the company under the memorandum or articles shall be a debt due from him to_______
Select one:
a. Member
b. The company
c. Both (a) and (b)
d. None of the above
Clear my choice
Question 13. At least one woman director is required for _
Select one:
a. every listed company
b. every other public company having paid–up share capital of one hundred crore rupees more
c. every other public company having turnover of three hundred crore rupees or more
d. all of the above
Clear my choice
Question 14. As per Section 196(3), _____ the employment of any person as managing director, wholetime director or manager
Select one:
a. company shall appoint or continue
b. no company shall appoint or continue
c. depends on situation
d. None of the above
Clear my choice
Question 15. Which of the following is a not true statement about Director Identification Number?
Select one:
a. Every individual, intending to be appointed the Director of a company should make an application to the Government for an Identification Number
b. An individual can have up to five Director Identification Numbers at a time, not more
c. A Director should intimate his Director Identification Number to the concerned company/companies
d. The Director Identification Number should be intimated to the Registrar
Clear my choice
Question 16. Board of Directors of Centra Tech Limited desires to appoint Nipun, aged 22 years as the Managing Director of the company. Nipun is currently a director and the son of Ramesh, the immediate Managing Director who expired in a car accident. State whether Nipun can be appointed as Managing Director
Select one:
a. Yes; since he is above the age of 21 years
b. No; since he has not attained the age of 25 years
c. Since he has not attained the age of 25 years, permission of Registrar of Companies is to be obtained for his appointment as MD
d. Since he has not attained the age of 25 years, permission of Central Government is to be obtained for his appointment as MD
Clear my choice
Question 17. The duties of the liquidator include:
I. take possession of the company’s assets.
II. determine the creditors and order of payment.
III. distribution of funds to shareholders.
IV. report to the court on completion of the winding-up.
Select one:
a. I, and II only
b. I, II and III only
c. II, III and IV only
d. I, II, III and IV
Legal Aspects of Business (LAW670)- Semester II
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AMITY (Assignment) BBA Semester 1
Module 4
Question 1. In case of death of a consumer who can prefer compliant under Section 2(1)(b) of Consumer Protection Act 1986
Select one:
a. his legal heir or representative
b. State Government
c. consumer association registered under the Companies Act, 1956
d. No one can prefer complaint
Clear my choice
Question 2. As per section 2(1)(b) of Consumer Protection Act 1986, “complainant” means
Select one:
a. a consumer
b. any consumer association registered under the Companies Act, 1956
c. the Central Government or any State Government
d. All the above
Clear my choice
Question 3. _ implies safeguard against anti-consumer trade practices of producers and traders Select one: a. Consumer Protection b. Redressal Forum c. National Commission d. None of these Clear my choice Question 4. What can be the maximum claim amount at the district level of the consumer court? Select one: a. Less than ₹1 lakh b. ₹1 crore c. Upto ₹20 lakhs d. Above ₹1 crore Clear my choice Question 5. The total number of rights given to consumers as per the consumer protection Act is Select one: a. 5 b. 4 c. 6 d. 8 Clear my choice Question 6. Consumer Protection Act is applicable to Select one: a. immovable goods b. movable goods c. specific goods and services d. all goods and services Clear my choice Question 7. _ is one of the redressal agencies for redressing consumer grievances
Select one:
a. COPRA
b. State Commission
c. Consumer Organisation
d. None of these
Clear my choice
Question 8. In case a consumer is not satisfied with the order passed in the State Commission, he can further make an appeal in the National Commission within a time period of
Select one:
a. 10 days
b. 20 days
c. 30 days
d. 45 days
Clear my choice
Question 9. Why do we need to have set rules and regulations for consumer rights?
Select one:
a. To protect and promote the interest of the consumers against unethical and unfair trade practices
b. To bring discipline in the country.
c. To provide police protection to consumers during a dispute with the sellers.
d. Its aim is to make all the sellers fair and honest.
Clear my choice
Question 10. When was the Consumer Protection Act passed in India?
Select one:
a. 1968
b. 1986
c. 1984
d. 1976
Clear my choice
The quasi-judicial machinery set up at the highest level for redressal of consumer disputes is:
Select one:
a. The District Forum
b. The State Consumer Commission
c. Consumers International
d. National Consumer Disputes Redressal Commission
Question 11. Which of the following is not a function of Consumer Protection Councils?
Select one:
a. To create awareness of consumer rights among consumers
b. To guide consumers on how to file cases in consumer courts
c. To provide compensation to consumers when they are cheated by shopkeepers
d. To represent consumers in Consumer Courts at times
Clear my choice
Question 12. Which of the following are the ways and means of consumer protection?
Select one:
a. Self-regulation by the business
b. Business associations
c. Government
d. All of the above
Clear my choice
Question 13. Which of the following statements is not true with regard to the National Commission?
Select one:
a. It consists of a President and at least five other members, one of whom should be a woman
b. The members are appointed by the Central Government
c. A complaint can be made to the National Commission when the value of the goods or services in question, along with the compensation claimed, exceeds ₹1 crore
d. Where the aggrieved party was not satisfied with the order of the National Commission, the case can be taken to the Supreme Court of India
Clear my choice
Question 14. On receiving the complaint the forum will direct the opposite party to answer on that within _ days and may extent the period for ________ more days
Select one:
a. 1 & 15
b. 15 & 1
c. 10 & 1
d. 0 & 1
Clear my choice
The consumer has a right to get relief in case of defective goods or deficient services as per the________________
Select one:
a. Right to be informed
b. Right to choose
c. Right to be heard
d. Right to seek redressal
Question 15. Yash had severe pain in his throat, so he called up the doctor and asked for a telephonic advice. The doctor prescribed him a sachet of Throat Reliever Hot Sip. He asked his servant to get a sachet from a local chemist with a cash memo. After consuming the sachet, he started feeling more ill, so he picked up the empty sachet and started reading the label. To his utter dismay, the sachet had already expired last month. Which of the following remedies is not available to him any longer as a consumer?
Select one:
a. To withdraw the hazardous goods from sale
b. To replace the defective product with a new one
c. To refund the price paid for the product
d. To pay a reasonable amount of compensation for any loss suffered by the consumer due to the negligence of the opposite party
Clear my choice
Question 16. Naina, her husband and her two minor daughters were travelling from Mumbai to Delhi, availing a company’s flight services in 2018. The airlines had issued boarding passes to all of them. Naina claimed in her plea that the airlines left all her family at the Mumbai Airport without informing them, despite their being in the airport premises. The family had to stay in a hotel and purchase new tickets the next day. The State Consumer Disputes Redressal Commission (SCDRC). on hearing the plea, asked an airline company to pay ₹50,000 to Naina and her family. Identify the right of consumers being exercised in the given case.
Select one:
a. Right to safety
b. Right to be heard
c. Right to seek redressal
d. Right to consumer education
Clear my choice
Question 17. Ranjan bought a bottle of soft drink of a famous beverage company and found a gutka pouch floating inside the bottle. He forwarded a legal notice to the company, accusing it of the deficiency in service that could cause health hazard to the consumer. Identify the right of consumer being violated in the given case.
Select one:
a. Right to safety
b. Right to be heard
c. Right to seek redressal
d. Right to consumer education
Legal Aspects of Business (LAW670)- Semester II
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AMITY (Assignment) BBA Semester 1
Module 5
Question 1. Intellectual Property Rights (IPR) protect the use of information and ideas that are of
Select one:
a. Ethical value
b. Moral value
c. Social value
d. Commercial value
Clear my choice
Question 2. Which Act in India focuses on data privacy and information technology?
Select one:
a. Banking Regulation Act 1949
b. IT Act 2000
c. Indian Penal Code
d. IT (amendment) Act 2008
Clear my choice
Question 3. The following can not be exploited by assigning or by licensing the rights to others
Select one:
a. Patents
b. Designs
c. Trademark
d. All of the above
Clear my choice
Question 4. Copyright is a ….
Select one:
a. creation by the mental status of a person
b. creation by person of efforts, intellectual and capital
c. creation by negligence of a person
d. creation by person of the efforts only
Clear my choice
Question 5. In India, the literary work is protected until
Select one:
a. Lifetime of author
b. 25 years after the death of author
c. 40 years after the death of author
d. 60 years after the death of author
Clear my choice
Question 6. Trade mark
Select one:
a. is represented graphically
b. is capable of distinguishing the goods or services of one person from those of others
c. may includes shapes of goods or combination of colours
d. All of the above
Clear my choice
Question 7. Which is the appeal court on the orders issued by Cyber appellate tribunal?
Select one:
a. Munsiff Court
b. District Court
c. High Court
d. Supreme Court
Clear my choice
Question 8. Digital signatures created and verified using_____________
Select one:
a. program
b. graphical coding
c. HTML
d. cryptography
Clear my choice
Question 9. What is the punishment for hacking of computers?
Select one:
a. Three year imprisonment or 10 lakh rupees penalty or both
b. Life Imprisonment
c. Three year imprisonment or 5 lakh rupees penalty or both
d. Three year imprisonment or 2 lakh rupees penalty or both
Clear my choice
Question 10. The following can be patented
Select one:
a. Machine
b. Process
c. Composition of matter
d. All of the above
Clear my choice
Question 11. Who is the true and first inventor ?
Select one:
a. Who communicates and ideas to registrar of the patent
b. Who communicates idea to other at first
c. Who convert the ideas in to working invention
d. Who publish their ideas first in the journals
Clear my choice
Question 12. Copyright registrar and copyright board are ……………….. Authority
Select one:
a. Administrative
b. Non Judicial
c. Judicial
d. Quasi Judicial
Clear my choice
Question 13. Symbol of Maharaja of Air India is
Select one:
a. Copyright
b. Patent
c. Trademark
d. All of the above
Clear my choice
Question 14.In the following case the Hon’ble Supreme Court struck down Section 66 A of the I.T. Act:
Select one:
a. Kartar Singh v/s State of Punjab
b. Maneka Gandhi v/s UOI
c. K. A. Abbas v/s UOI
d. Shreya Singhal v/s UOI
Clear my choice
Question 15. Hackers usually used the computer virus for __ purpose
Select one:
a. To log, monitor each and every user’s stroke
b. To gain access the sensitive information like user’s Id and Passwords
c. To corrupt the user’s data stored in the computer system
d. All of the above
Clear my choice
Question 16. Which are the advantages of E-Governance from the following:
a. Increased corruption
b. High transparency
c. Increased convenience
d. Indirect participation of constituent’s
e. Reduction in overall cost
Select one:
a. a, b, c & d
b. a, b, c & e
c. b, c & e
d. a, b, c, d &e
Clear my choice
Question 17. Proprietor of which trademark shall not be entitled to institute any proceeding to prevent or to recover damages for the infringement ?
Select one:
a. Numerals
b. Unregistered Trademark
c. Symbols
d. Registered Trademark
Legal Aspects of Business (LAW670)- Semester II
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AMITY (Assignment) BBA Semester 1
CASE STUDYVicky and Mahi are two friends. They form a partnership to start a bussiness of flavoured Milk Shakes & few other Milk products. They hired a graphic designer & mutually finalised a logo for their brand & get it registered as well. Raj is an owner of a milk producing company. He counter offered Vicky via e-mail to use Milk from his company to prepare those milk products which was accepted by Vicky. While preparing the Milk products Vicky realised that the quality of Milk was not upto the mark & told the same to Mahi. Stating the facts Mahi wrote an email to Raj & requested to provide the compensation immediately for the same as they have suffered huge loss by wasting a lot of ingredients as well in the process of preparing the milk products which couldnot be made due to stale milk. They have wasted their time, energy & money. This incident has caused them mental agony as well. Raj replied to that e-mail that immediately he cannot provide for any compensation as his company is already in huge loss & his company has just recieved the order of winding up by the Tribunal
Question 1. The correct sequence in the formation of a contract isSelect one:
a. Offer, acceptance, agreement, consideration.
b. Agreement, consideration, offer,acceptance.
c. Offer , Consideration, acceptance, agreement.
d. Offer,acceptance, consideration, agreement.
Clear my choice
Question 2. The partnership written agreement as made between Vicky & Mahi is known as?
Select one:
a. Partnership contract
b. Agreement
c. Partnership deed
d. Partnership Act
Clear my choice
Question 3. The object of winding up of a company by the Tribunal as that in case of Raj is
Select one:
a. To facilitate the protection of its assets
b. To convert the company into private company if it is a public company
c. To convert the company into public company if it is a private company.
d. To change the Memorandum and Articles
Clear my choice
Question 4. Which of the following is not true about Consumer Protection Act, 2019
Select one:
a. The consumer complain can be filed in the court where the consumer resides
b. The consumer court can refer the matter through mediation
c. All rules of direct selling are not extended to e-commerce
d. All of the above
Clear my choice
Question 5. Vicky & Mahi wishes to ensure that no one else can use their logo so they have got it registered as:
Select one:
a. Copy rights
b. Trade mark
c. Patent
d. Industrial designs
Legal Aspects of Business (LAW670)- Semester II
We Also Provide SYNOPSIS AND PROJECT.
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AMITY (Assignment) BBA Semester 1