Dec 2013

Master of Business Administration (MBA) Examination

I Semester

(Business Legislation)

Time 3 Hours]             [Max. Marks 80

Note : Attempt any four questions from Section A. Each question carries 15 marks. Section B is compulsory and carries 20 marks.

Section A )

1. (a) All agreements are not contract but all contracts are agreement." Discuss the statement explaining essential elements of a valid contract.

(b) .Explain the various remedies for breach of contract.

2. (a) Explain t, ie term holder and holder in due course.

(b) Explain the characteristic of Negotiable Instruments.

3. (a) Explain the procedure relating to winding-up of a company. (b) Distinguish between Memorandum of Association and Articles of Association. Also discuss their legal effects.

4. (a) Write a note on Consumers Rights.

(b) Discuss the procedure and objectives of the Central Consumers Protection Council.

5. (a) Explain the meaning of dissolution of a partnership firm when does dissolution of firm take place? .

(b) Discuss the rights and duties of partners.

6. Describe the salient features of the sale of Goods Act, 1930.

( Section B )

7. (a) 'Ramesh' sold his business to 'Dinesh' but this fact was not known to an old customer 'Sudhir' Sudhir placed an order for certain goods to 'Ramesh' by name 'Dinesh' supplied the goods to 'Sudhir'. Is there a valid contract?

(b) A sells of B a horse which is to be delivered to 13 the next week. B is to pay the price on delivery. A asks his servant to keep the horse separate from other horses. The horse, however, dies before it is delivered and paid for. Who shall boar the loss?