27. Ultra vires means
A. Beyond the powers
B. Within the powers
C. Both
D. None of the above
✅ The correct answer is option A.
28. In the MOA there are 7 clauses. We can alter all clauses expect one clause. What is that clause?
A. Objects clause
B. Name clause
C. Association clause
D. None of these
✅ The correct answer is option C.
29. The companies which are formed under special charter granted by the king or queen of England are called
A. Statutory companies
B. Registered companies
C. Chartered companies
D. None of these
✅ The correct answer is option C.
30. The liability of members if company is limited by guarantee.
A. Unpaid value of shares
B. Guarantee amount
C. Unlimited liability
D. None of the above
✅ The correct answer is option B.
31. Maximum number of members in case of public company is:
A. 50
B. 100
C. Unlimited
D. 200
✅ The correct answer is option C.
34. Delivery of key of the warehouse by the seller to the buyer will amount to:
A. Symbolic Delivery
B. Actual Delivery
C. Constructive Delivery
D. No delivery
✅ The correct answer is option A.
35. Where an unpaid seller has made part delivery of the goods he may exercise his Right of _______
A. Return of remaining goods
B. Lien on the remaining goods
C. Sale to any other person
D. None of above
✅ The correct answer is option B.
16. A stipulation in contract of sale with reference to goods which are the subject there of may be
A. A condition
B. A warranty
C. Both (a) and (b)
D. None of above
✅ The correct answer is option C.
19. According section 5(2) subject to provision of any law for the time being in force a contract of sale may be
A. Made in writing
B. By words of mouth
C. Partly in writing or partly in words of mouth
D. All above ways
✅ The correct answer is option A.
21. The agent having in customary course of business as such agent authority either to sell goods or to consign goods for the purpose of sale or to buy goods or to raise money on the security of goods is called
A. Agent
B. Mercantile agent
C. Partner
D. None of above
✅ The correct answer is option B.