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1. The power to order that a merger
shall not go ahead lies with...
·
the Monopolies and Mergers Commission
· the Director
General of Fair Trading
·
the Secretary of State
2. The term "goods"
includes all "chattels personal" that are ...
·
tangible
· intangible
·
immovable
3. A shareholder of a public company
can sell his shares freely...
·
if other shareholders agree
· if majority
shareholder gives his consent
·
if the shares are dealt with on the Stock Exchange or
the AIM
4. The
mortgagor may create ...
·
only one mortgage over the same property
· not more
than two mortgages over the same property
·
second and subsequent mortgages over the same property
5. Employees are entitled to notice
which could be a month ...
·
for senior managers
· for other
managers
·
for senior clerical workers
6. When the land is owned by a
company,...
·
there must be registration of the equitable mortgage
· there must
be registration of both legal and equitable mortgages
·
О registration
of a mortgage is not necessary
7. Contracts for the sale of goods include …
·
agreements to sell
·
contracts of
bailment
·
contracts for hire
of goods
·
8. Private limited companies cannot raise money…
·
by selling shares
·
by making loans
·
by inviting other
members
9. The secretary of a private company…
·
must be qualified
as a chartered secretary, an accountant or a lawyer
·
must have work
experience as a company secretary
·
need not have any
personal qualifications
10. The bankruptcy petition can be presented by…
·
a magistrate
·
the trustee
·
a creditor
·
11. To take part in the management of a registered company, a bankrupt
must get…
·
the trustee’s
consent
·
the court’ consent
·
the creditors’
consent
12. If the principal refuses to
ratify the transaction...
·
the agent will be liable for damages
· the
principal will be liable for damages
·
no one will be liable for damages
13. Choses capable of negotiation
are classified as negotiable instruments and include ...
·
bills of lading
· bills of
exchange
· postal
orders
14. If a minority shareholder does
not agree with the majority...
·
the majority must agree with him
· the court
will support him
·
he must accept the decision of the majority
15. Leasehold estate which incudes
the renewable yearly lease is ...
·
the "estate by sufferance"
· the
"estate at will"
·
the "term of years"
16. Sole trader...
·
has limited liability
· is liable
for all his debts
·
shares losses with the people he employs
17. A person cannot be a partner
if...
·
it is a limited company
· he or she is
an enemy alien
·
he or she is a minor
18. A consent of the principal...
·
is to be given by deed
· must be
given in written form
·
can be verbal, in writing or by deed
19. The Monopolies and Mergers
Commission consists of...
·
three members
· not more
than 30 members
·
not less than 10 members
20. Fiduciary duties of employees
are implied into a contract of employment...
·
by the common law
· are not
implied
·
by statute
21. A holder of bearer shares
becomes a member of the company...
·
if Articles of the company allow that
· according to
the decision of the directors of the company
·
automatically
22. A mortgage is void against a
subsequent purchaser...
·
if it is not legal
· if it is
legal without title deed
·
if it is not registered in the Land Charges Registry
23. Directors of a public company
can be appointed...
·
at any age
· at the age
under 60
·
at the age under 70
24. Choose the right ending of the
sentence
General agents have ...
·
authority for a specific purpose
· authority to
act within certain limits
·
unlimited authority
25. In case of trespass to land the
duty is owed ...
·
to the owner
· to the
possessor if he is the owner
·
to the possessor even if he is not the owner
26. In a bankruptcy the estate of an
insolvent person passes...
·
into the control of the bankruptcy court
· into the
control of a trustee
·
into the control of the creditors
27. A shareholder has the right...
·
to receive a proportion of the profits of the company
· to sell the
assets of the company
·
to give instructions to the directors of the company
28. A bankrupt must disclose his
status if he wants to obtain...
·
a credit
· a credit of
more than 50 pounds sterling
·
a credit of 250 pounds or more
29. Things which are capable of
physical possession are uncluded into ...
·
tangible property
· intangible
property
·
incorporeal property
30. I ... from Spain.
· are
·
is
·
am
· does
31. A subsidiary company is owned...
·
by a sole trader
· by a
partnership
·
by a holding company
32. The East India Company was
created...
·
by Royal Charter
· by special
Act of Parliament
·
under Companies Act
33. Agency of necessity can arise on
condition that...
·
the person charged with responsibility can get
instructions from the owner of the property
· there is
some emergency
·
there are no pre-existing contracts giving the agent
responsibility for the property of another
34. The bankruptcy order is
published in...
·
the Business Week
· the Financial
Times
·
the London Gazette
35. A company which develops a new
product protects this invention ...
·
by a share certificate
· by an
insurance policy
·
by a patent
36. The capital clause of the
Memorandum states....
·
the actual capital raised
· the authorized
capital
·
the capital assets
37. Ratification of the contract can
be possible if...
·
it concerns a part of the contract
· it takes
place after the time fixed for the performance of the contract
·
the contract is not void or a forgery
38. The loan agreement provides for
repayment of loan plus interest...
·
exactly by the legal date of redemption
· at any time
subject to reasonable restrictions
·
at any time subject to no restrictions
39. A mortgage can be set aside
·
if it has been obtained by undue influence
· if the
presumption of undue influence has been rebutted in the Court
·
can never be set aside
40. The rights of inheritance are
unrestricted in case of...
·
fee simple estate
· fee tail
estate
·
life estate
41. Dismissal of an employee is
considered fair if the reason is...
·
pregnancy
· redundancy
·
that the employee is a member of an independent trade
union
42. If a partner secretly carries on
a competing business, he... in
·
will be expelled
· must pay to
the firm all profits made by him in that business
·
must sell that business
43. Fiduciary
duties are owed ...
·
by buyers to sellers
· by employees
to their employers
· by sales
clerks to the customers
44. The major source of the English
law which takes precedence over the others is…
·
legislation
· European Community
law
·
case law
45. The employer must provide
written statement of the following terms ...
·
maternity rights
· pension
rights
·
provision of safe tools and equipment
46. Trading in a name similar to
that of another similar business affects ...
·
economic rights
· reputation
·
general rights
47. According to the contract, the
goods must be transferred…
·
for money
· for
securities
·
for other goods
48. Legal rights
attach to…
·
natural persons only
· corporations
only
·
natural and artificial persons
49. The Register of the Company must
be kept...
·
in the residence of the majority shareholder
· in the
office of the CEO
·
at the registered office
50. Companies limited by shares are
usually set up for…
·
charitable purposes
· trading
purposes
·
educational purposes
51. A director of a public company
can be disqualified...
·
by a majority shareholder
· by the
annual meeting of shareholder
·
by the court
52. A separate legal person is created
in setting up business as…
·
a sole trader
· a
partnership
·
a registered company
53. Partnership can be set up
between persons carrying on a business...
·
for charitable purpose
· only for
receiving profits
·
for any purpose
54. The transfer of property to the
buyer is the main purpose ...
·
of the contract for service
· of the
contract for labor and materials
·
of the contract for the sale of goods
55. Carrying on an offensive trade,
obstructing the highway is ...
·
public nuisance
· private
nuisance
·
trespass to land
56. An employer must make a
redundancy payment to an employee who has been employed…
·
for a month
· for a year
·
for two years
57. A statement of law is binding
for future similar disputes if...
·
it is based on a hypothesis
· it forms the
basis of the decision
·
is made by the way
28. Preference shareholders have the
right...
·
to receive a fixed dividend prior to ordinary
shareholders
· to receive
an unlimited dividend
·
to receive surplus assets
59. The following products are
excluded from liability under the Consumer Protection Act:
·
unprocessed game
· electricity
·
vapors
60. Negligence is an actionable
wrong affecting ...
·
the person
· property
·
general rights
61. Allowing water to escape from
reservoirs is a tort affecting…
·
general rights
· economic
rights
·
property
62. Supervising trading practices is
one of the main duties of...
·
the Consumer Protection Advisory Committee
· the
Monopolies and Mergers Commission
·
the Director General of Fair Trading
63. The Department of Trade and
Industry may appoint inspectors...
·
on the application of members holding not less than
one tenth of the shares.
· on the
application of 1 shareholder
·
on the application of 100 shareholders
64. To control rogue dealers, the DG may bring proceedings...
·
in the Restrictive
Practices Court
·
in the Crown Court
·
in the High Court
65. The highest court of appeal in
Britain is....
·
Civil Court of Appeal
· Criminal
Court of Appeal
·
House of Lords
66. Public limited companies can
have…
·
one director
· two
directors
·
no directors
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