When the land is owned by a company,… there must be registration of the equitable mortgage there must be registration of both legal and equitable mortgages О registration of a mortgage is not necessary
Contracts for the sale of goods include … agreements to sell contracts of bailment contracts for hire of goods
Private limited companies cannot raise money… by selling shares by making loans by inviting other members
The secretary of a private company… must be qualified as a chartered secretary, an accountant or a lawyer must have work experience as a company secretary need not have any personal qualifications
A subsidiary company is owned… by a holding company by a partnership by a sole trader
The bankruptcy petition can be presented by… a magistrate the trustee a creditor
To take part in the management of a registered company, a bankrupt must get… the trustee’s consent the court’ consent the creditors’ consent
The power to order that a merger shall not go ahead lies with… the Monopolies and Mergers Commission the Director General of Fair Trading the Secretary of State
If the principal refuses to ratify the transaction… no one will be liable for damages the agent will be liable for damages the principal will be liable for damages
Choses capable of negotiation are classified as negotiable instruments and include …
bills of lading bills of exchange postal orders
The term “goods” includes all “chattels personal” that are … tangible intangible immovable
To control rogue dealers, the DG may bring proceedings… in the Restrictive Practices Court in the Crown Court in the High Court
Sole trader… has limited liability shares losses with the people he employs is liable for all his debts
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
A consent of the principal … must be given in written form is to be given by deed can be verbal, in writing or by deed
The mortgagor may create … only one mortgage over the same property not more than two mortgages over the same property second and subsequent mortgages over the same property
Employees are entitled to notice which could be a month … for senior managers for other managers for senior clerical workers
The Monopolies and Mergers Commission consists of… three members not less than 10 members not more than 30 members
Fiduciary duties of employees are implied into a contract of employment… by the common law are not implied by statute
A shareholder of a public company can sell his shares freely… if other shareholders agree if majority shareholder gives his consent if the shares are dealt with on the Stock Exchange or the AIM
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
Leasehold estate which incudes the renewable yearly lease is … the “estate by sufferance” the “estate at will” the “term of years”
A holder of bearer shares becomes a member of the company… automatically if Articles of the company allow that according to the decision of the directors of the company
A mortgage is void against a subsequent purchaser… if it is not legal if it is legal without title deed if it is not registered in the Land Charges Registry
Directors of a public company can be appointed… at the age under 70 at the age under 60 at any age
General agents have … unlimited authority authority for a specific purpose authority to act within certain limits
In case of trespass to land the duty is owed … to the owner to the possessor if he is the owner to the possessor even if he is not the owner
In a bankruptcy the estate of an insolvent person passes… into the control of a trustee into the control of the creditors into the control of the bankruptcy court
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
A subsidiary company is owned… by a sole trader by a partnership by a holding company
The East India Company was created… by Royal Charter by special Act of Parliament under Companies Act
The highest court of appeal in Britain is…. Civil Court of Appeal Criminal Court of Appeal House of Lords
Public limited companies can have… two directors no directors one director
Agency of necessity can arise on condition that… there is some emergency the person charged with responsibility can get instructions from the owner of the property there are no pre-existing contracts giving the agent responsibility for the property of another
The bankruptcy order is published in… the Business Week the London Gazette the Financial Times
A company which develops a new product, protects this invention by an insurance policy by a share certificate by a patent
The capital clause of the Memorandum states…. the actual capital raised the authorized capital the capital assets
Ratification of the contract can be possible if it takes place after the time fixed for the performance of the contract it concerns a part of the contract the contract is not void or a forgery
Things which are capable of physical possession are unduded into intangible property incorporeal property tangible property
The loan agreement provides for repayment of loan plus interest … exactly by the legal date of redemption at any time subject to no restrictions at any time subject to reasonable restrictions
A mortgage can be set aside if the presumption of undue influence has been rebutted in the Court can never be set aside if it has been obtained by undue influence
The rights of inheritance are unrestricted in case of fee tail estate life estate fee simple estate
Dismissal of an employee is considered fair if the reason is… pregnancy redundancy that the employee is a member of an independent trade union
If a partner secretly carries on a competing business, he… must sell that business must pay to the firm all profits made by him in that business will be expelled
Fiduciary duties are owed … by buyers to sellers by sales clerks to the customers by employees to their employers
The major source of the English law which takes precedence over the others is… European Community law case law legislation
The employer must provide written statement of the following terms … maternity rights pension rights provision of safe tools and equipment
Trading in a name similar to that of another similar business affects reputation economic rights general rights
According to the contract, the goods must be transferred… for other goods for money for securities
Legal rights attach to… corporations only natural persons only natural and artificial persons
The Register of the Company must be kept… in the office of the CEO at the registered office in the residence of the majority shareholder
Companies limited by shares are usually set up for… charitable purposes trading purposes educational purposes
A director of a public company can be disqualified… by the court by the annual meeting of shareholder by a majority shareholder
A separate legal person is created in setting up business as… a sole trader a partnership a registered company
Partnership can be set up between persons carrying on a business… for charitable purpose only for receiving profits for any purpose
The transfer of property to the buyer is the main purpose … of the contract for the sale of goods of the contract for labor and materials of the contract for service
Carrying on an offensive trade, obstructing the highway is … public nuisance private nuisance trespass to land
An employer must make a redundancy payment to an employee who has been employed… for a year for a month for two years
A statement of law is binding for future similar disputes if… it is based on a hypothesis it forms the basis of the decision is made by the way
Preference shareholders have the right… to receive a fixed dividend prior to ordinary shareholders to receive an unlimited dividend to receive surplus assets
To take part in the management of a registered company, a bankrupt must get… the creditors’ consent the trustee’s consent the court’ consent
The following products are excluded from liability under the Consumer Protection Act: unprocessed game electricity vapors
Negligence is an actionable wrong affecting … the person property general rights
Allowing water to escape from reservoirs is a tort affecting… general rights economic rights property
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.
Supervising trading practices is one of the main duties of… the Consumer Protection Advisory Committee the Monopolies and Mergers Commission the Director General of Fair Trading
the power of order that a merger shall not go ahead lies with the Secretary of State the Monopolies and Mergers Commission the Director General of Fair Trading
A bankrupt must disclose his status if he wants to obtain. a credit of 250 pounds or more a credit of more than 50 pounds sterling a credit a statement of law is binding for future similar disputes if
Things which are capable of physical possession are uncluded into … tangible property intangible property incorporeal property
