In case of illegal agreements, the collateral agreements are ___________ .

Valid.
Void.
Voidable.
None of these

Which of the following is not the right of a partner i.e., which he cannot claim as a matter of right?

Right to take part in business.
Right to have access to account books.
Right to share profits.
Right to receive remuneration.

Which of the following is not disability of an unregistered firm?

It cannot file a suit against third parties
Its partners cannot file a suit against a firm.
It cannot claim a set-off exceeding Rs. 100.
It cannot be sued by a third party

Every partner has the right to:

Take part in the business of the firm
To share exclusive profits
o use the property of the firm for personal purposes
Pay taxes

A partnership at will is one:

Which does not have any deed
Which does not have any partner
Which does not provide for how long the business will continue
Which cannot be dissolved

A firm is the name of:

The Partners
The minors in the firm.
The business under which the firm carries on business
The collective name under which it carries on business

Which one of the following is not an implied warranty?

Warranty as to undisturbed possession.
Warranty as to existence of encumbrance.
Disclosure of dangerous nature of goods.
Warranty as to quality or fitness by usage of trade

In which form of the contract, the property in the goods passes to the buyer immediately:

Agreement to sell.
Hire purchase.
Sale
Instalment to sell.

Which one of the following is not true?

Document showing title is different from document of title.
Bill of lading is a document of title to goods.
Specific goods can be identified and agreed upon at the time of the contract of Sale.
None of the above

Which one of the following is/are document of title to goods?

Railway receipt.
Wharfinger’s certificate.
Warehouse keeper’s certificate.
All of the above.

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