ST (BUSINESS | X G Faz Interior Design Sdn, Bhd. is a x + FAIpOLSdDpQg54Vs-p/VDnpzRVOTQ0507gtOAdv6vn7feFUvhUvdXhA/formResponse QUESTION 1-20 Which of the following statements is NOT TRUE regarding a partnership? * 1 point A partnership may be formed orally or in writing The liability of partners is limited O A partnership may issue shares to public A partnership may be dissolved by agreement of the partners Under the Sale of Goods Act the seller has a duty to deliver the goods to 1 point the buyer. What is the legal meaning of 'delivery"? a) Where the seller physically transports the goods to the buyer. b) The voluntary transfer of possession from one person to another. c) The voluntary transfer of ownership from one person to another. O d) The voluntary transfer of ownership and possession from one person to another. A sub-agent is the employee who is specially employed by the original point agent to act under his control in the business of the agency. The usual mile and regulation are that an agent is not allowed to delegate his WBUSINESS ( X G QLSapp@g54Vs-p/VDnpzRV0TO050/gtOAdvovn/feFUvhUvdXhA/formResponse Which of the following statements is NOT TRUE regarding a partnership? * 1 point A partnership may be formed orally or in writing The liability of partners is limited O A partnership may issue shares to public O A partnership may be dissolved by agreement of the partners Under the Sale of Goods Act the seller has a duty to deliver the goods to * 1 poin the buyer. What is the legal meaning of 'delivery"? a) Where the seller physically transports the goods to the buyer. O b) The voluntary transfer of possession from one person to another. c) The voluntary transfer of ownership from one person to another. O d) The voluntary transfer of ownership and possession from one person to another. A sub-agent is the employee who is specially employed by the original 1 p agent to act under his control in the business of the agency. The usual rule and regulation are that an agent is not allowed to delegate his authority to another person especially when he/she has not the permission of his principal. Under what conditions an agent may hire or V.TEST (BUSINESS | X G Faz Interior Design Son. Bhd. is a x + '1FAIpQLSdDpQg54Vs-p/VDnpzRVOTQ0507gtQAdv6vn7feFUvhUvdXhA/formResponse (a) Where the seller physically transports the goods to the buyer. b) The voluntary transfer of possession from one person to another. c) The voluntary transfer of ownership from one person to another. Od) The voluntary transfer of ownership and possession from one person to another. A sub-agent is the employee who is specially employed by the original 1 point agent to act under his control in the business of the agency. The usual rule and regulation are that an agent is not allowed to delegate his authority to another person especially when he/she has not the permission of his principal. Under what conditions an agent may hire or appoint a sub-agent and delegate the work? The principal has expressly allowed a delegation of such authority. The ordinary custom of trade a sub-agent may be employed. O The nature of work is such that a sub- agent is essential O All of these Faz Interior Design Sdn. Bhd. is a well known furniture company. The 1 point company sold and delivered 20 curtains on 14 days' credit to Luqman, who is an interior designer. Luqman failed to pay after the credit period ended. Under Sale of Goods Act 1957, the company has the remedy ofSINESS ( X G The person who is appointed by * Dashboard X + SdDpQg54Vs-p/VDnpzRVOTQ0507gtQAdv6vn/feFUvhUvdXhA\\/formResponse Partnership agreements constitute a contract of utmost good faith and, * 1 point accordingly. the Partnership Act 1890 imposes a number of fiduciary duties upon the partners. Regarding such duties, which ONE of the following statements is NOT true? O The partners are under a duty to account for any profits made whilst competing with the firm. O If a partner makes a profit using information gained from inside the firm, but uses that information in a venture that is outside the firm, he may keep that profit. O The duty to render accounts will only be breached if the partner acts in a negligent or fraudulent manner. O The partners are under a duty to account to the firm for any benefit derived from a transaction concerning the partnership, of which the other partners are unaware. Prem asked her agent. Harry to purchase her 500 shares in X Ltd. Harry 1 point owned 600 shares in X Ltd so without informing Prem where the shares come from he sells his shares to Prem at market value. Is Harry in breach of his agency duties? Yes, because he has a duty to account. O No, because he has sold Prem the shares at market value. No, because he has acted according to Prem's instructions and he has the shares as O he requested. O d) Yes, because he has a duty to avoid a conflict of interest. V. M w 28"C MESTER TEST (BUSINESS X G The person who is appointed by x Dashboard x + s/d/e/1FAlpQLSdDpQg54Vs-p/VDnpzRv0TQ0507gtQAdv6vn/feFUvhUvdXhA\\/formResponse Commerce Sale of Goods Act implied various terms into contracts for the sale of * 1 point goods but what type of goods are not included under the Act? Cars Crops which are to be severed from land before sale. O Land. Clothing advertised in catalogues. Which of the following is NOT categorized as 'goods' under the Sale of * 1 point Goods Act 1957 O 100 sacks of sugar O 20 tons of bricks O 100 pieces of RM50 note 10 packs of nasi arab mendhi The following are the features of a hire purchase agreement, EXCEPT: * 1 point V. wST (BUSINESS | X G The proon which is appointint by % buildvomit x | + AlpOLSdDpQg54Vs p/VDnpzRVOTQ0507gtOAdv6vn/feFUvhUvdXhA/formResponse A sub-agent is the employee who is specially employed by the original * 1 point agent to act under his control in the business of the agency. The usual rule and regulation are that an agent is not allowed to delegate his authority to another person especially when he/she has not the permission of his principal. Under what conditions an agent may hire or appoint a sub-agent and delegate the work? The principal has expressly allowed a delegation of such authority. The ordinary custom of trade a sub-agent may be employed. O The nature of work is such that a sub-agent is essential O All of these Faz Interior Design Sdn. Bhd. is a well known furniture company. The * 1 point company sold and delivered 20 curtains on 14 days' credit to Luqman, who is an interior designer, Luqman failed to pay after the credit period ended. Under Sale of Goods Act 1957. the company has the remedy of A right of lien O Stopping the goods in transit O Damages for non acceptance O A claim for unpaid price V. w(BUSINESS X G The person who's appointed by x . Dashboard * + IpOLSdDp@g54Vs-p/VDnpzRVOTQ0507gt@Adv6vn7feFUvhUvdXhA/formResponse The person who is appointed by the agent with authorization by the * 1 point principal, to act in the business of the agency and is under the control of the agent is known as O a substituted agent O a sub-agent O an assistant O a temporary agent A non-owner who has no authority to sell can still pass a good title to his * ) point buyer who acted in good faith and without notice if: O The buyer knows that the goods does not belong to the seller The seller is a mercantile agent in possession of the goods O The owner fails to report to the police about the sale The owner is the seller's husband A breach of "condition" gives rise to a claim of; " I point damages wR TEST (BUSINESS X G The person who is appointed by x Dasbond * + e/1FAlpOLSdDpQg54Vs-p/VDnpzRVOTQ0507gt@Advovn/feFUvbUvdXh//formResponse 10 packs of nasi arab mendhi The following are the features of a hire purchase agreement,EXCEPT:* 1 point Option to purchase. Purchase by installment. O Property in the goods remains with the hirer. O Owner will let the goods to the hirer. On application by or for partner the court shall decree a dissolution, *1 point except: O A partner becomes in any other way incapable of performing his part of the partnership contract. A partner has been guilty of conduct prejudicial to the company. O A partner willfully or persistently commits a breach of the partnership agreement. O There is an imminent loss in their business. The person who is appointed by the agent with authorization by the * point WST (BUSINESS X G The person who o appointed by x Dashboard x + AlpOLSdDp@g54Vs-p/VDnpzRv0100507gt@Adv6vn/feFUvhUvdXhA/formResponse Which of the following is an exception to the nemo dat rule? " I point O Sale by seller in possession after sale O Sale by description O Sale by seller under void contract O Sale by sample In partnership, partners liabilities are:" 1 point Unlimited Limited to the capital of the business Limited O Both A and C The following are the conditions for agency by ratification EXCEPT: . 1 point O ratification must not injure the rights of a third party. It is an illegal contract V w 28"TER TEST (BUSINESS ! X G The person who is appointed by * Dathboard + /e/1FAlpOLSdDpQg54Vs.p/VDnpzRVOTQ0507gt@Adv6vn7feFUchUvdXIA/formResponse A breach of "condition" gives rise to a claim of:" I point O damages O rescission of contract O damages and rescission O injunction Other Under which of the following circumstances will the asset of hire I point purchase legally belong to the purchaser? When the deposit is paid O When the hire purchase agreement is signed O When the first instalment is paid When the final instalment is paid Which of the following is an exception to the nemo dat rule? * 1 point Sale by seller in possession after sale V WSTER TEST (BUSINESS X G The person who is appointed by x Dashboard x + d/e/1FAlpOLSdDpQg54Vs p/VDnpzRv0TQ0507gtQAdvGvn7teFUwhUvdXhA/formResponse According to section 2 of the Partnership Act 1961, partnership business * 1 point includes the following EXCEPT occupation O profession trade charity Which of the following is TRUE of partnerships?" 1 point a partner is a separate legal entity O a partner is managed by director a partner is not a separate legal entity O a partner is managed by shareholder Back Submit Clear form Never submit passwords through Google Forms This content is neither created nor endorsed by Google Report Abuse . Terms of Service . Privacy Policy Google Forms wEST (BUSINESS X G The person who is appointed by x Dashboard X + FAlpOLSdDpQg54Vs.p/VDnpzRVOTQ0507gtQAdv6vn/feFUvhUvdXhA/formResponse The following are the conditions for agency by ratification EXCEPT:" point O ratification must not injure the rights of a third party. O It is an illegal contract. ratification must be made within a reasonable time. the principal must have contractual capacity at the time of the agent's act. According to section 2 of the Partnership Act 1961, partnership business I point includes the following EXCEPT O occupation profession trade charity Which of the following is TRUE of partnerships? cont O a partner is a separate legal entity O a partner is managed by director V. w 28