Questions et réponses de révision sur le droit des affaires (CBT) / Droit des affaires, CBT Q&R / Par Charles Izuoba / mars 9, 2020 août 23, 2021 These questions were extracted from 2017 Yabatech Test Questions on Business Law (ND3 PT) Veuillez saisir votre email : 1. A bill of exchange drawn on a banker and payable on demand is called a____ Cheque Withdrawal Slip Deposit Slip 2. Consideration must be sufficient but need to be____ Consistent Approved Adequate 3. Where an offeree refuses to assent to the terms of an offer, the offer is said to have been____ Collapse Rejected Void 4. A partner who does not participate in the day to day running of a partnership business is____ Unaccepted partner Distance Partner Sleeping Partner 5. A partnership with one or more partners and one or more limited partners is called____ Approved Partnership Limited Partnership Restricted Partnership 6. The person on whom a bill is drawn is known as____ Drawer Withdrawer Drawee 7. If an acceptance is conditional or any fresh term is included by the offeree, the acceptance is called____ Counter Offer First Offer Replanned Offer 8. 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 9. 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____ Voir aussi Vitiating Factors - 5 Major Vitiating Factors Dissolved Frustrated Savaged 10. The relationship which subsists between persons carrying on business is common is called____ Partnership Collaboration Participation 11. An invitation to make an offer is called____ Invitation to Sale Invitation to Treat Invitation for Business 12. 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 13. 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 14. 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 15. An agent who indemnifies the principal in return for an extra or higher commission is called____ Del Credere Agent Assistant Agent Decorative Agent 16. The principle whereby a principal subsequently accepts an unauthorized action of an agent is called____ Agreement Ratification Acceptance 17. ____is required in addition to delivery for a bill of exchange payable to order to be negotiated. Voir aussi #1-10 Financial Accounting Questions & Answers Focus Commitment Endorsement 18. 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____ Nemo Dat Quod Non Habet Nemo Habet Herbert Macaulay 19. 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 as agreed for the goods When the hirer pays completely for the goods 20. In a general partnership, the maximum number of partnerships is____ 10 15 20 21. Goods that are owned or possessed by the seller under a contract of sale are called____ Existing Goods Contractors Goods Real Goods 22. A term which authorizes the owner or his agent to enter any premises to retake possession in a hire purchase agreement is____ Possession Stamp Agreement Void 23. The mode of payment by the hirer in a hire purchase transaction is____ Major Payment Installment Payment Progress Payment 24. Property will not pass in unascertained goods until the goods are____ Recommended Ascertained Salable 25. Except for Lawyers and Accountants, it is illegal to form a partnership of more than____ persons. Voir aussi Law of Partnership - The Partnership Law 20 10 15 26. 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 27. 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. 40% or 60% 30% or 70% 50% or 60% 28. A person who appoints another and authorizes him to enter into a contractual relationship with a third party is called____ Principal Proprietor Headmaster 29. 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 Chargement … Articles connexes : AGENCY – Law of Agency (Business Law) #1-10 Questions et réponses sur la comptabilité financière Law of Contract Law of Partnership – The Partnership Law Law Case Study – How To Answer Case Studies in Law Facteurs d'altération - 5 principaux facteurs d'altération Questions on 1,2,3 Column Cash Book Cycle d'achat et achats internationaux Questions on Probability – Business Maths 10 Questions on Subsidiary Books Subsidiary Books of Accounting; Types & Summary