Search SchoolNGR

Commerce Past Questions and Answers

Classroom

Commerce Questions

Question 1471:

A partnership is formed for banking business is made up of?

SchoolNGR Classroom

A 2 - 10 members
B 2 -20members
C 2 - 30 members
D 2 - 40 members
E 2 - 50 members

View Answer & Explanation

Question 1472:

Whichof the following is not true of limited partnership?

SchoolNGR Classroom

A Every member is a limited partner
B All members are general partners
C All members are limited liability
D There is at least one ordinary partner
E Limited and ordinary members must be equal in number

View Answer & Explanation

Question 1473:

Which of the following is not required for the dissolution of a partnership?

SchoolNGR Classroom

A Experiation of partnership deed
B Termination of the venture
C One partner notifying the other of his intention to dissolve it
D Mutual consent of the partners
E Order from the registrar of companies

View Answer & Explanation

Question 1474:

Organization formed mainly by traders and manufacturers to cater for the interest of their members is called?

SchoolNGR Classroom

A Trade union
B Co-operative societies
C Trade association
D Chamber of commerce
E Manufacturers association

View Answer & Explanation

Question 1475:

The powers of attorney that transfers to a third party the shareholders right to vote is called?

SchoolNGR Classroom

A Warrant
B Shareholder's benefit
C Proxy
D Bond
E Rights issue

View Answer & Explanation

Stay Updated

Follow us on:

Subjects