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. In a general partnership, the maximum number of partnerships is____ 20 15 10 2. Goods that are owned or possessed by the seller under a contract of sale are called____ Real Goods Existing Goods Contractors Goods 3. Something of value in the eye of the law which is given for a promise in order to make it enforceable is called Agreement Consideration Promissory Note 4. A bill of exchange drawn on a banker and payable on demand is called a____ Withdrawal Slip Deposit Slip Cheque 5. The person on whom a bill is drawn is known as____ Drawee Drawer Withdrawer 6. 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 Habet Nemo Dat Quod Non Habet 7. 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____ Permanent Bill Inland Bill National Bill 8. 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. Siehe auch: AGENCY - Law of Agency (Business Law) 40% or 60% 30% or 70% 50% or 60% 9. An invitation to make an offer is called____ Invitation to Treat Invitation to Sale Invitation for Business 10. A seller’s right to stop goods on the way before it gets to the buyer is called____ Work in Transit Stoppage in transitu Transiting 11. 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____ Title CEO Ownership 12. A partnership with one or more partners and one or more limited partners is called____ Limited Partnership Approved Partnership Restricted Partnership 13. The type of agency created in an emergency for the benefit of a person whose authority cannot be obtained is called Agency of Need Agency of Necessity Emergency Agency 14. Where an offeree refuses to assent to the terms of an offer, the offer is said to have been____ Void Collapse Rejected 15. The mode of payment by the hirer in a hire purchase transaction is____ Installment Payment Progress Payment Major Payment 16. The principle whereby a principal subsequently accepts an unauthorized action of an agent is called____ Siehe auch: Vertragsrecht Acceptance Ratification Agreement 17. The relationship which subsists between persons carrying on business is common is called____ Participation Collaboration Partnership 18. An agent who indemnifies the principal in return for an extra or higher commission is called____ Assistant Agent Decorative Agent Del Credere Agent 19. A term which authorizes the owner or his agent to enter any premises to retake possession in a hire purchase agreement is____ Void Agreement Possession Stamp 20. If an acceptance is conditional or any fresh term is included by the offeree, the acceptance is called____ First Offer Replanned Offer Counter Offer 21. A partner who does not participate in the day to day running of a partnership business is____ Unaccepted partner Distance Partner Sleeping Partner 22. ____is required in addition to delivery for a bill of exchange payable to order to be negotiated. Endorsement Commitment Focus 23. When will title in goods pass to the hirer under a hire purchase contract? When the hirer pays as agreed for the goods When the hirer pays completely for the goods When the hirer exercises the option to purchase 24. 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____ Siehe auch: Vitiating Factors - 5 Major Vitiating Factors Savaged Frustrated Dissolved 25. Except for Lawyers and Accountants, it is illegal to form a partnership of more than____ persons. 20 15 10 26. Property will not pass in unascertained goods until the goods are____ Salable Recommended Ascertained 27. 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 28. A person who appoints another and authorizes him to enter into a contractual relationship with a third party is called____ Headmaster Principal Proprietor 29. Consideration must be sufficient but need to be____ Approved Consistent Adequate 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