LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Single Answer Question A condition may be reduced to warranty where Correct Answer there is a voluntary waiver of condition Your Answer there is a voluntary waiver of condition

Select The Blank Question In a ________ Contract, the future event is ________ to the contract. Correct Answer Contingent Your Answer Contingent

Correct Answer Collateral Your Answer Collateral

Select The Blank Question Where a ________ promise is made to pay either cash or moneys worth for an uncertain event, it is known as ________ contract Correct Answer conditional Your Answer conditional

Correct Answer Wagering Your Answer Wagering

Multiple Choice Multiple Answer Question Memorandum of Association Correct Answer contains objectives for which the company is established , defines & confines the powers of a company Your Answer contains objectives for which the company is established , it contains rule for the internal management of the affairs of the company , it is subordinate to the Articles of Association Multiple Choice Multiple Answer Question Following are the elements which constitute a partnership Correct Answer there must be a contract regarding a partnership , there must be an association of two or more persons Your Answer there must be a contract regarding a partnership , there must be an association of two or more persons Select The Blank Question There is always more than one ________ in a ________hip. These co-owners are called the Partners of the partnership firm. Correct Answer co-owner