M.B.A DEGREE EXAMINATION, january 2007 First semester BA1607 LEGAL ASPECTS OF BUSINESS Part a 1. What is consent 2.

Define consideration 3. Define void contract 4. Whether an agent and the servant same . give example 5. Define hundi 6. Define ultravires 7. What is the prospectus 8. Define factory 9. What is the objective of VAT 10. What is the medium of payment of wages Part b 11. A) what are the characteristics of a company Or b) discuss the exceptions to the doctrine of indoor management. 12. A) give a detailed description of the parties to negotiable instrument Or b)discuss the exceptions of the doctrine of caveat emptor. 13. A) explain the various kind of agreements. Or b) examine the essentials of contract. 14. a) explain the conditions on which strikes and lockouts are prohibited or b) discuss the provisions regarding the health of workers 15). A) explain the mode of charging the sales tax Or b).trace the history of consumer protection act and its relevance today. Answer ALL Questions PART A (10 2 = 20 Marks)

1. What is contingent contract? 2. Distinguish between condition and warranty. 3. What is meant by marking of cheques? 4. What is the test for agency? 5. What is corporate governance? 6. What are the disqualifications to claim bonus? 7. What are the disadvantages of VAT? 8. What are the objectives of cyber law? 9. State the purpose of MOA. 10. What are the components of IPR? PART B (5 16 = 80 Marks) 11. (a) Briefly explain the conditions and warranties implied by law in a contract for the sale of goods. Or (b) What are the remedies available to an aggrieved person in case of breach of a contract? 12. (a) How is an agency terminated? Explain. Or (b) (i) What are the characteristics of a negotiable instrument? (8) (ii) What are the different modes discharges of parties to a negotiable instrument? (8) 13. (a) (i) How is company formed under the Companies Act, 1956? Enumerate the various documents to be filed with the registrar. (8) (ii) Describe the duties and liabilities of directors. (8) Or (b) Explain the types of voluntary winding up of companies and state its relevant provisions. 14. (a) (i) What are the provisions for prevention of strikes and lockouts? (8) (ii) What are the welfare measures provided under the Factories Act? Discuss. (8) Or (b) What are the permissible deductions under the Payment of Wages Act? Discuss in detail. 15. (a) What are the areas of tax planning in Central Sales Tax Act? Describe. Or (b) Write an account of Consumer Disputes Redressal Agencies as to its composition, jurisdiction and procedure to be followed by it.

Fall 2010 Master of Business Administration MBA Semester 3 MB0035 Legal Aspects of Business - 3 Credits(Book ID: B0764)Assignment Set- 160 MarksNo te: Each question carries 10 Marks. Answer all the questions. Q.1 What do you mean by free consent? Under what circumstances consent is consid eredas free? Explain. [10 marks]Q.2 Define negotiable instrument. What are its f eatures and characteristics? Which are thedifferent types of negotiable instrume nts? If Mr. A is the holder of a negotiableinstrument, under what situationsi. W ill he be the Holder in due course?ii. He has the right to discharge?iii. He can make indorsements? [10 marks]Q.3. a. Distinguish between guarantee and indemnit y. [5 marks]b. Give a short note on Rights of Surety. [5 marks]Q.4. a. Mention t

he remedies for breach of contract. How will the injured party claim it? [8marks ]b. What is the difference between anticipatory and actual breach? [2 marks]Q. 5 a. Explain the term Privity of contract. [3 marks]b. Define a company? What are the features of Joint Stock Company? [7 marks]Q. 6. Om is enrolled in a manager ial course. He has to write an assignment on companymanagement and various types of meetings that a company holds. You are asked tohelp him in preparing the ass ignment. [10 marks] Fall 2010 Master of Business Administration - MBA Semester 3 MB0035 Legal Aspects of Business - 3 Credits(Book ID: B0764)Assignment Set- 260 MarksNo te: Each question carries 10 Marks. Answer all the questions. Q.1 a. What is an arbitration agreement? Discuss its essentials. [8 marks]b. Wha t do you mean by mediation? [2 marks]Q.2 a. What kinds of rights are considerabl e under consumer rights? [5 marks]b. Distinguish between Memorandum of Associati on and Articles of Association. [6marks]Q.3 a. Identify the types of evidence wh ich are relied upon by complainants to establishdefect in product. [3 marks]b. W rite a short note on Unfair trade practices and Restrictive trade practice. [7 m arks]Q.4. Present a detail note on Shops and Establishment Act. [10 marks]Q. 5 a . What is a cyber crime? What are the categories of cyber crime? [8 marks]b. Men tion the provisions covered under IT Act? [2 marks]Q. 6 Ishaan is a fresher and recently is appointed as a part-time employee in ConsumerRedressal Dispute Agenc y. As his superior, how will you guide him regarding theredressal forums, the na ture of making complaints and the working of the agency?