Practice Test 8
Previous Solution Next

A, a Singer agrees with B for his performance at a particular theatre on a specified date. While on his way to the theatre A meets with an accident and is rendered unconscious. Choose the correct statement.

Ram, Rohit and Kiran jointly borrowed Rs. 2,00,000 from Rahim by executing a promissory note. Rohit and Kiran are not traceable. Rahim wants to recover the entire amount from Ram. Ram objected this move by saying he is liable to pay 1/3 of the debt only. Which of the following statement(s) is correct?

A partnership firm is compulsorily dissolved where ___________

A partner may retire from an existing firm ________

A new partner can be admitted in the firm with the consent of _________

A partner can be expelled if _________________

Voluntary transfer of possession by one person to another is popularly known as __________

A contact for the sale of goods which provide that the property would pass to the buyer on full payment of price and execution of sale deed, is known as ___________

A agrees to deliver his old car valued at Rs. 80,000 to B, a car dealer, in exchange for a new car, and agrees to pay the difference in cash it is _________

If a seller handed over the keys of a warehouse containing the goods to the buyer results in ___________

UnAttempted

0

Attempted

0

Correct

0

Wrong

0

Complete
MERCANTILE LAWS
Attempted     
Correct
UnAttempted
Wrong