Here are some questions that I tried to solve to the best of my knowledge.



(1) The rule nemo dat quod non habet means:

(a) No-one should interfere in another’s business
(b) No-one should be retained in a partnership against his will
(c) No-one can give what he has not got
(d) None of these

(2) In a public company the shares are subscribed by:

(a) Government
(b) Management
(c) Creditors
(d) None of these

(3) Transfer of property means:

(a) Delivery of goods
(b) Transfer of possession
(c) Transfer of ownership
(d) None of these

(4) Caveat Emptor rule means:

(a) Employer beware
(b) Seller beware
(c) Creditor beware
(d) None of these

(5) A liquidator is a person:

(a) Who is chairman of Board of Directors
(b) Promoter of a company
(c) Who winds-up a company
(d) None of these


6) Under the doctrine of quasi contract, a plaintiff may recover in “quantum merit”, a Latin phrase that means:

(a) “as much as he deserves”
(b) “treble damages”
(c) “only a token sum”
(d) None of these

(7) An empire in an arbitration reference is appointed when the number of arbitrators is:

(a) Odd;
(b) Even;
(c) More than 10.
(d) None of these

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Marwatone.