Mercantile law nsc 2013 question papers. 2013 Nsc Business Studies Paper 1 November PDF Online 2019-01-27

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2013 Nsc Business Studies Paper 1 November PDF Online

mercantile law nsc 2013 question papers

If the seller make use of pretended bidding to raise the price the sale is: a Voidable b Void c Illegal d None of these 14. A special audit of a company can be ordered by a commission on an application made by members holding not less than a 20% Voting Rights b 25% Voting Rights c 51% Voting Rights d None of these 4. Any alteration in Article of Association affecting the substantive right or liabilities of members of the company can be made a If Board of Director pass such alteration b By vote of simple majority of members c By a vote ¾ majority of members d None of these 3. Promise which form the consideration or part of the consideration for each other are called: a Agreement b Contract c Reciprocal Agreement d None of these 16. When a negotiable instrument may be construed either as a promissory note or bill of exchange, law recognizes it as: a Promissory note b Bill of Exchange c Ambiguous Instrument d d None of these 6. A agrees to pay 10 lacs to B if B procures an employment for A in Income Tax Department. Write essay on any two of the following.

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Law Question Paper 2013 Pdf PDF Book

mercantile law nsc 2013 question papers

Might be possible you are right, but chances of it are too grim. B was the highest bidder. Promise which form the consideration or part of the consideration for each other are called: a Agreement b Contract c Reciprocal Agreement d None of these 16. While he was examining it, the bottle exploded in his hand and injured him. The goods which form the subject of a sale can be: a Existing Goods b Existing and future Goods c Existing, Future and Contingent Goods d None of These 13. Imran claim damages for the injury? A special audit of a company can be ordered by a commission on an application made by members holding not less than a 20% Voting Rights b 25% Voting Rights c 51% Voting Rights d None of these 4.

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2013 Nsc Business Studies Paper 1 November PDF Online

mercantile law nsc 2013 question papers

If a cheque is transferred to any person to constitute him as a holder, the instrument is said to be: a Delivered b Negotiated c Presented d None of these 8. An agreement between partners imposing reasonable restriction on a partner for not carrying on any business within a specified time or local limits on ceasing to be a partner is: a Void b Valid c Illegal d None of these 12. Under what circumstances the Court can order the Compulsory winding up of a company and in what circumstance may a company be wound up voluntarily? Jurisdiction in company matters is to be exercised by: a Civil Court b Any judge of high court c Company Bench of High Court d None of These 2. A special audit of a company can be ordered by a commission on an application made by members holding not less than a 20% Voting Rights b 25% Voting Rights c 51% Voting Rights d None of these 4. Define partnership deed and describe its contents. Any admission made by a partner regarding the affairs of the firm in ordinary course of business: a Is evidence against the firm b Has no validity against the firm c Ordinary statement d None of these 11. A listed company in accordance with companies ordinance is required to have at least: a Two director b Seven director c Three Directors d None of these 5.

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2013 Nsc Business Studies Paper 1 November PDF Online

mercantile law nsc 2013 question papers

When a bill of exchange has been dishonored, the holder can cause such dishonor be certified by a notary public, such certificate is a: a Claiming b Presentment c Protest d None of these 7. A partner can be expelled from a Firm: a By simple majority of partners b If all partner consent to it c Only by exercise of powers conferred by the Contract d None of these 9. An agreement between partners imposing reasonable restriction on a partner for not carrying on any can not restrict for any business except the bussiness for which they are partner business within a specified time or local limits on ceasing to be a partner is: a Void b Valid c Illegal d None of these 19 An agreement in restraint of the marriage of any person other than a minor is called: a Valid b Invalid c Illogical d None of these void corrections 1- c company bench of high court 6- c protest 8- b 11- b 13- a 14- a 16- a 19- b 20 c Question 11, A partner can prevent other partner from doing similar business, outside the partnership, for which they are partner; However, Partner can not restrict other partner from doing any business other than the business for which they are partner, so I think you should read the statement again if I am not wrong. A sells his dog through auction sale. Aslam applied to a bank for a loan at a time when there is stringency in the money market, the banker declines to make the loan except at an unusually high rate of interest, this is called: a Undue influence b Transaction in the ordinary course of business c Free consent d None of these 17 When consent to an agreement is caused by coercion, fraud, or misrepresentation, the agreement is: a Valid b Void c Voidable d None of these 18 A person who finds goods belonging to another and takes them into his custody; is subject to the same responsibilities as: a Trustee b Owner c Bailee d None of these 19 An agreement in restraint of the marriage of any person other than a minor is called: a Valid b Invalid c Illogical d None of these 20 Authority of any appointed arbitrator or umpire can be revoked: a At the discretion of either party b With the leave of the court c Irrevocable d None of these corrections 1- c company bench of high court 6- c protest 8- b 11- b 13- a 14- a 16- a 19- b 20 c Corrections are welcome.

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2013 Nsc Business Studies Paper 1 November PDF Online

mercantile law nsc 2013 question papers

Discuss the methods for discharge of contract and clarify discharge by operation of law and Discharge by Agreement with examples. Which of the following can be a party to enter into a contract? A listed company in accordance with companies ordinance is required to have at least: a Two director b Seven director c Three Directors d None of these 5. Promise which form the consideration or part of the consideration for each other are called: a Agreement b Contract c Reciprocal Agreement d None of these 16. Distinguish between condition and warranty. Rights of outgoing partner to carry on competing business.

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2013 Nsc Business Studies Paper 1 November PDF Online

mercantile law nsc 2013 question papers

An agreement between partners imposing reasonable restriction on a partner for not carrying on any business within a specified time or local limits on ceasing to be a partner is: a Void b Valid c Illegal d None of these 12. The goods which form the subject of a sale can be: a Existing Goods b Existing and future Goods c Existing, Future and Contingent Goods d None of These 13. Question 11, A partner can prevent other partner from doing similar business, outside the partnership, for which they are partner; However, Partner can not restrict other partner from doing any business other than the business for which they are partner, so I think you should read the statement again if I am not wrong. We encourage visitors to the forum to report any objectionable message in. Any admission made by a partner regarding the affairs of the firm in ordinary course of business: a Is evidence against the firm b Has no validity against the firm c Ordinary statement d None of these 11. If the seller make use of pretended bidding to raise the price the sale is: a Voidable b Void c Illegal d None of these 14.

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Law Question Paper 2013 Pdf PDF Book

mercantile law nsc 2013 question papers

Any admission made by a partner regarding the affairs of the firm in ordinary course of business: a Is evidence against the firm b Has no validity against the firm c Ordinary statement d None of these 11. Jurisdiction in company matters is to be exercised by: a Civil Court b Any judge of high court c Company Bench of High Court d None of These 2. Jurisdiction in company matters is to be exercised by: a Civil Court b Any judge of high court c Company Bench of High Court d None of These 2. When a bill of exchange has been dishonored, the holder can cause such dishonor be certified by a notary public, such certificate is a: a Claiming b Presentment c Protest d None of these 7. An unsound person 'B' is liable for necessaries provided to him to the extent of :- a 'B' estate b B personally c B's relative d B's son 4. Write comprehensive note on any two of the following: a Implied authority of partner as agent of the firm b Sale by person not the owner © Crossing of Cheque Q.

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Mercantile Law Paper 2013

mercantile law nsc 2013 question papers

B purchases the dog was of unsound mind but A doesn't disclose this fact to B. Silence amounts to fraud when:- a Silence is not equivalent to speech b Silence is equivalent to speech c Where circumstances show d None 5. A new partner can be inducted in an existing partnership: a By recommendation of any partner b By the consent of all partners c By the consent of half of the partners d None of these 10. Write Short notes on any Four of the following a Fraud b Associated Companies c Cases when presentment of a bill of exchange is excused d Mode of determining existence of partnership e How unpaid seller stop goods in transit f Re-Insurance Corrections are welcome. The problem is that once you have gotten your nifty new product, the Law Question Paper 2013 Pdf gets a brief glance, maybe a once over, but it often tends to get discarded or lost with the original packaging. Yes,restriction can be imposed but only for that business for which they are partner and not for any other business. The goods which form the subject of a sale can be: a Existing Goods b Existing and future Goods c Existing, Future and Contingent Goods d None of These 13.

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