Business Law Trivia Quizzes for Practice

61. Which of the following is a duty of bailee?

1. Duty to take Reasonable Care
2. Duty of Disclose of Facts
3. Duty to pay necessary expenses
4. All of the Above

62. Which of the following is included in the essential elements of promissory notes?

1. It must bear Stamp
2. Amount must be Specific
3. It must be Signed
4. All of the Above

63. Which of the following is not a characteristic of bailment?

1. Specific Purpose
2. Specific Time limit
3. Return of Goods
4. Fixed Assets

64. Which of the following is not a duty of bailor?

1. Disclose Known Facts
2. Bear Necessary Expenses
3. Indemnify Bailee
4. None

65. Which of the following is not a special contract under Indian Contract Act, 1872?

1. Contract of Indemnity
2. Contract of Guarantee
3. Contract of Bailment
4. Contract of Sale

66. Which of the following is not an exception to continuing guarantee?

1. Guarantee for honesty of a person for his appointment
2. Guarantee for a payment of a certain sum of money by instalment within a definite time
3. When the consideration of guarantee is of a single nature
4. None of the above.

67. Which of the following is not an ownership Security?

1. Equity Share
2. Debenture
3. Preference Share
4. None

68. Which of the following is not considered as the exploitation of consumer?

1. Misleading advertisement
2. Hoarding of Goods
3. Quality Product-High Price
4. Low Quality- High Price

69. Which of the following is not considered invalid?

1. Guarantee by mutual consent
2. Guarantee obtained by keeping silence
3. Failure of co surety join as Surety
4. Unlawful Consideration

70. Which of the following is not included in the essential elements of bills of exchange?

1. Written Form
2. Request Form
3. Unconditional order
4. Fixed Amount

71. Which of the following is not included in the Presumptions of negotiable Instrument?

1. Presumption of filling
2. Presumption of Consideration
3. Presumption of Date
4. Presumption as to stamp

72. Which of the following is not included in the types of Negotiable Instrument?

1. Barer Instrument
2. Inland Instrument
3. Accommodation Bill
4. Inter State Instrument

73. Which of the Following is not included in types of Bailment?

1. Deposit type Bailment
2. Hire type Bailment
3. Sale of Goods on Credit
4. Goods given for Carriage

74. Which of the following is the characteristics of Negotiable Instruments?

1. In Writing
2. Endorsement
3. Must Contains Signature
4. All of the Above

75. Which of the following options is not included in redressal forum according to the consumer Protection?

1. Lok Adalat
2. District Level Forums
3. State Level Commission
4. National Level Commission