Revisionsfragen und Antworten zum Wirtschaftsrecht (CBT) / Wirtschaftsrecht, CBT Q&A / Unter Karl Izuoba / März 9, 2020 August 23, 2021 These questions were extracted from 2017 Yabatech Test Questions on Business Law (ND3 PT) Bitte gib deine E-Mail-Adresse ein: 1. If an acceptance is conditional or any fresh term is included by the offeree, the acceptance is called____ First Offer Counter Offer Replanned Offer 2. ____is required in addition to delivery for a bill of exchange payable to order to be negotiated. Focus Commitment Endorsement 3. The person on whom a bill is drawn is known as____ Drawee Drawer Withdrawer 4. The type of agency created in an emergency for the benefit of a person whose authority cannot be obtained is called Emergency Agency Agency of Necessity Agency of Need 5. A bill which on the face of it purports or is to be both drawn and payable within Nigeria or drawn within Nigeria upon some person resident therein is called____ Inland Bill Permanent Bill National Bill 6. A partnership with one or more partners and one or more limited partners is called____ Limited Partnership Restricted Partnership Approved Partnership 7. A bill of exchange drawn on a banker and payable on demand is called a____ Cheque Deposit Slip Withdrawal Slip 8. In a general partnership, the maximum number of partnerships is____ 10 20 15 9. The mode of payment by the hirer in a hire purchase transaction is____ Siehe auch: Vitiating Factors - 5 Major Vitiating Factors Progress Payment Installment Payment Major Payment 10. An agent who indemnifies the principal in return for an extra or higher commission is called____ Del Credere Agent Assistant Agent Decorative Agent 11. The principle whereby a principal subsequently accepts an unauthorized action of an agent is called____ Agreement Ratification Acceptance 12. Under the Hire Purchase Act 2004, the owner can recover possession without a court order, where there is a default in an instalment when the____ has been paid. 50% or 60% 40% or 60% 30% or 70% 13. A seller’s right to stop goods on the way before it gets to the buyer is called____ Stoppage in transitu Work in Transit Transiting 14. Consideration must be sufficient but need to be____ Consistent Adequate Approved 15. Where an offeree refuses to assent to the terms of an offer, the offer is said to have been____ Rejected Collapse Void 16. A partner who does not participate in the day to day running of a partnership business is____ Unaccepted partner Sleeping Partner Distance Partner 17. An implied condition on the part of the seller that he has a right to sell goods when a property is to pass is known as____ Siehe auch: Law of Partnership - The Partnership Law Title Ownership CEO 18. A person who appoints another and authorizes him to enter into a contractual relationship with a third party is called____ Principal Proprietor Headmaster 19. An invitation to make an offer is called____ Invitation to Treat Invitation for Business Invitation to Sale 20. State the type of goods to which the Hire Purchase Act 2004 is applicable irrespective of the amount involved. Vehicle Repair Motor Vehicle Machine Set 21. Sale in market overt, estoppels, sale by the seller in possession and sale by the buyer in possession are exceptions to the principle captured in the Latin phrase called____ Herbert Macaulay Nemo Dat Quod Non Habet Nemo Habet 22. When will title in goods pass to the hirer under a hire purchase contract? When the hirer exercises the option to purchase When the hirer pays completely for the goods When the hirer pays as agreed for the goods 23. The relationship which subsists between persons carrying on business is common is called____ Partnership Participation Collaboration 24. Goods that are owned or possessed by the seller under a contract of sale are called____ Siehe auch: AGENCY - Law of Agency (Business Law) Existing Goods Contractors Goods Real Goods 25. Where, without the fault of either party of a contract, there is an occurrence that makes the contract impossible to perform, the contract is said to have been____ Dissolved Frustrated Savaged 26. Property will not pass in unascertained goods until the goods are____ Recommended Ascertained Salable 27. Except for Lawyers and Accountants, it is illegal to form a partnership of more than____ persons. 15 20 10 28. A term which authorizes the owner or his agent to enter any premises to retake possession in a hire purchase agreement is____ Void Possession Stamp Agreement 29. Something of value in the eye of the law which is given for a promise in order to make it enforceable is called Agreement Promissory Note Consideration Laden … Verwandte Beiträge: AGENCY - Recht der Vertretung (Wirtschaftsrecht) #1-10 Fragen und Antworten zur Finanzbuchhaltung Vertragsrecht Recht der Partnerschaft - Das Partnerschaftsgesetz Juristische Fallstudie - Wie man Fallstudien in Jura beantwortet Störende Faktoren - 5 wichtige störende Faktoren Fragen zum 1,2,3 spaltigen Kassenbuch Einkaufskreislauf und internationaler Einkauf Fragen zur Wahrscheinlichkeitsrechnung - Wirtschaftsmathematik 10 Fragen zu Nebenbüchern Nebenbücher der Buchhaltung; Arten und Zusammenfassung