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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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