Revisie vragen en antwoorden over ondernemingsrecht (CBT) / Bedrijfsrecht, V&A CBT / Door Charles Izuoba / maart 9, 2020 augustus 23, 2021 These questions were extracted from 2017 Yabatech Test Questions on Business Law (ND3 PT) Please enter your email: 1. A bill of exchange drawn on a banker and payable on demand is called a____ Cheque Deposit Slip Withdrawal Slip 2. In a general partnership, the maximum number of partnerships is____ 15 10 20 3. 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____ National Bill Permanent Bill Inland Bill 4. 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 5. Where an offeree refuses to assent to the terms of an offer, the offer is said to have been____ Collapse Rejected Void 6. 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% 7. An agent who indemnifies the principal in return for an extra or higher commission is called____ Zie ook: Vitiating Factors - 5 Major Vitiating Factors Assistant Agent Del Credere Agent Decorative Agent 8. When will title in goods pass to the hirer under a hire purchase contract? When the hirer pays completely for the goods When the hirer exercises the option to purchase When the hirer pays as agreed for the goods 9. If an acceptance is conditional or any fresh term is included by the offeree, the acceptance is called____ Counter Offer First Offer Replanned Offer 10. The relationship which subsists between persons carrying on business is common is called____ Partnership Participation Collaboration 11. The principle whereby a principal subsequently accepts an unauthorized action of an agent is called____ Ratification Acceptance Agreement 12. Something of value in the eye of the law which is given for a promise in order to make it enforceable is called Promissory Note Consideration Agreement 13. Goods that are owned or possessed by the seller under a contract of sale are called____ Contractors Goods Real Goods Existing Goods 14. Except for Lawyers and Accountants, it is illegal to form a partnership of more than____ persons. 20 10 15 15. A partnership with one or more partners and one or more limited partners is called____ Zie ook: #1-10 Financial Accounting Questions & Answers Restricted Partnership Approved Partnership Limited Partnership 16. A seller’s right to stop goods on the way before it gets to the buyer is called____ Work in Transit Transiting Stoppage in transitu 17. The type of agency created in an emergency for the benefit of a person whose authority cannot be obtained is called Agency of Necessity Emergency Agency Agency of Need 18. ____is required in addition to delivery for a bill of exchange payable to order to be negotiated. Endorsement Commitment Focus 19. State the type of goods to which the Hire Purchase Act 2004 is applicable irrespective of the amount involved. Vehicle Repair Machine Set Motor Vehicle 20. 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____ CEO Ownership Title 21. The person on whom a bill is drawn is known as____ Withdrawer Drawee Drawer 22. Consideration must be sufficient but need to be____ Adequate Consistent Approved 23. A person who appoints another and authorizes him to enter into a contractual relationship with a third party is called____ Principal Headmaster Proprietor 24. An invitation to make an offer is called____ Zie ook: Law Case Study - How To Answer Case Studies in Law Invitation to Sale Invitation for Business Invitation to Treat 25. The mode of payment by the hirer in a hire purchase transaction is____ Installment Payment Major Payment Progress Payment 26. 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 27. A partner who does not participate in the day to day running of a partnership business is____ Distance Partner Unaccepted partner Sleeping Partner 28. 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 Savaged Frustrated 29. Property will not pass in unascertained goods until the goods are____ Ascertained Recommended Salable Loading … Gerelateerde berichten: AGENTSCHAP - agentuurrecht (ondernemingsrecht) #1-10 Vragen en antwoorden over financiële boekhouding Contractenrecht Vennootschapsrecht - De vennootschapswet Casestudy Rechten - Hoe casestudy's in Rechten te beantwoorden Verstorende factoren - 5 belangrijke verstorende factoren Vragen over 1,2,3 kolommen kasboek Inkoopcyclus en internationale inkoop Vragen over waarschijnlijkheid - Wiskunde 10 vragen over dochterboeken Boekhouding van dochterondernemingen; Soorten en samenvatting