1. The power to order that a merger shall not go ahead lies with…
- the Secretary of State
- the Director General of Fair Trading
- the Monopolies and Mergers Commission
2. The term “goods” includes all “chattels personal” that are …
- tangible
- immovable
- intangible
3. The highest court of appeal in Britain is…
- House of Lords
- Civil Court of Appeal
- Criminal Court of Appeal
4. A company which develops a new product, protects this invention ...
- by a patent
- by an insurance policy
- by a share certificate
5. When the land is owned by a company,...
- there must be registration of both legal and equitable mortgages
- there must be registration of the equitable mortgage
- registration of a mortgage is not necessary
6. If a minority shareholder does not agree with the majority...
- the majority must agree with him
- the court will support him
- he must accept the decision of the majority
7. A shareholder has the right...
- to receive a proportion of the profits of the company
- to sell the assets of the company
- to give instructions to the directors of the company
8. Contracts for the sale of goods include ...
- agreements to sell
- contracts of bailment
- contracts for hire of goods
9. Fiduciary duties of employees are implied into a contract of employment...
- by the common law
- by statute
- are not implied
10. A statement of law is binding for future similar disputes if...
- it forms the basis of the decision
- is made by the way
- it is based on a hypothesis
11. A person cannot be a partner if...
- it is a limited company
- he or she is an enemy alien
- he or she is a minor
12. Companies limited by shares are usually set up for...
- trading purposes
- charitable purposes
- educational purposes
13. Allowing water to escape from reservoirs is a tort affecting .
- property
- economic rights
- general rights
14. In a bankruptcy the estate of an insolvent person passes...
- into the control of the bankruptcy court
- into the control of the creditors
- into the control of a trustee
15. A subsidiary company is owned...
- by a holding company
- by a sole trader
- by a partnership
16. The loan agreement provides for repayment of loan plus interest …
- at any time subject to no restrictions
- at any time subject to reasonable restrictions
- exactly by the legal date of redemption
17. he bankruptcy order is published in…
- the Financial Times
- the London Gazette
- the Business Week
18. Things which are capable of physical possession are included into …
- incorporeal property
- tangible property
- intangible property
19. Ratification of the contract can be possible if …
- it concerns a part of the contract
- the contract is not void or a forgery
- it takes place after the time fixed for the performance of the contract
20. The Department of Trade and Industry may appoint inspectors…
- on the application of 100 shareholders
- on the application of 1 shareholder
- on the application of members holding not less than one tenth of the shares.
21. A holder of bearer shares becomes a member of the company…
- if Articles of the company allow that
- automatically
- according to the decision of the directors of the company
22. According to the contract, the goods must be transferred …
- for other goods
- for securities
- for money
23. Directors of a public company can be appointed…
- at any age
- at the age under 70
- at the age under 60
24. The employer must provide written statement of the following terms …
- maternity rights
- provision of safe tools and equipment
- pension rights
25. Private limited companies cannot raise money…
- by selling shares
- by inviting other members
- by making loans
26. Supervising trading practices is one of the main duties of…
- the Monopolies and Mergers Commission
- the Director General of Fair Trading
- he Consumer Protection Advisory Committee
27. The major source of the English law which takes precedence over the others is…
- legislation
- European Community law
- case law
28. A mortgage is void against a subsequent purchaser …
- if it is legal without title deed
- if it is not registered in the Land Charges Registry
- if it is not legal
29. A consent of the principal …
- must be given in written form
- can be verbal, in writing or by deed
- is to be given by deed
30. An employer must make a redundancy payment to an employee who has been employed …
- for two years
- for a month
- for a year
31. The Monopolies and Mergers Commission consists of…
- three members
- not less than 10 members
- not more than 30 members
32. The mortgagor may create ...
- second and subsequent mortgages over
- the same property only one mortgage over
- the same property not more than two mortgages over the same property
