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Business Laws

Section A

Answer any Five:

1.What are the conditions of making an offer?

2.What are the liabilities of principal and the agent to third parties?

3.What are the express and implied conditions and warranties under Sale of Goods Act?

4.What is the limitation period for filing of complaint under consumer protection act?

5.Explain the types of negotiable instruments.

6.What are the essential characteristics of partnership?

7.Who are the persons deemed to have insurable interest under marine insurance?

8.Explain the importance and contents of memorandum of association.

Part B

Answer any Four:

9.List out the agreements opposed to public policy.

10.what are the rights and duties of buyer and seller under sale of goods act?

11.What are the nature and scope of remedies under consumer protection act?

12.Describe tyhe essentials of partnership.What is the test of partnership?

13.What is fire insurance?Explain the types of fire insurance.

14.What is statuatory meeting?What are the contents of statuatory report?

15.What are the rights and duties of Pawner and Pawnee?

BUSINESS LAW:

UnitI

1. All contracts are agreements but all agreements are not contracts. Explain. What are theessential elements of a valid contract?

2. Explain in detail the essential elements of valid offer and acceptance

3. What are the legal rules as to consideration? Discuss exceptions to the rule No Consideration,

No Contract.

4. Who is a minor? Discuss with suitable illustrations the law relating to agreements by minors.

5. Bring out the differences between Misrepresentation and Fraud. What are the essentials of a

mistake?

6. What are illegal and immoral agreements? Discuss the agreements opposed to public policy

UnitII

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1. Define Quasi Contract and explain the different types of Quasi Contracts

2. Explain the rules regarding contingent contract. State the differences between a contingent

contract and wagering agreement.

3. What is discharge of contract? Explain the various modes of discharge of contracts

4. What is breach of contract? Discuss the remedies for breach of contract

UnitIII

1. Explain the differences between a contract of indemnity and a contract of guarantee

2. Explain the rights of surety. How a surety is discharged from liability?

3. What is Bailment? Explain the rights and duties of bailor and bailee

4. Define Agent & Principal. Explain briefly the various modes by which an agency may becreated

5. What is meant by agency by ratification? Discuss the rights and duties of principal andagent.

UnitIV

1. Explain the essential of a valid contract of sale. Distinguish between Sale and Agreement tosell

2. What are the implied conditions and warranties in contract of sale? Discuss the rights andduties of seller and buyer.

3. What are the rights of unpaid seller? Discuss the different kinds of goods and delivery of

goods

4. Discuss objects of Essential Commodities Act. What are powers of Government under the act?

5. What are objects of the Consumer Protection Act, 1986?

6. Discuss the redressal machinery under the Consumer Protection Act,1986

UnitV

1. Bring out the differences between Memorandum of Association and Articles of Association

2. Who can be a director of a company? Who can appoint and remove the director of a company?

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3. Explain the different types of meetings that a company must conduct according to the

Companies Act

4. Distinguish between Doctrine of Ultra-vires and Doctrine of Indoor Management

5. Define Winding-up of companies. What are the various modes of winding-up?

6. Discuss the powers of the central Government to prevent oppression and mismanagement of

company

SHORT5 MARKS

1. Voidable Contract

2. Implied contract

3. Immoral Agreements

4. Illegal Agreements

5. Undue Influence

6. Coercion

7. Anticipatory Breach of contract

8. Performance of contracts

9. Continuing Guarantee

10. Transfer of property

11. Minutes

12. Proxy

13. Complaint

14. Consumer

15. Vindictive Damager

16. Special Damages

17. Unfair Trade Practices

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18. Consumer councils

19. General Lien

20. Special Lien