Jun 2014

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. "An agreement enforceable by law is a contract." Discuss the statement in the light of the essentials of a valid contract.

2. (a) Define sale and distinguish between sale and agreement to sell.

(b) What are the essentials of a contract of sale ?

3. What do you mean by Negotiable Instruments? What are the essential . characteristics of a 'Promissory Note' ?

4. Describe the procedure of winding up of a company,

5. Explain the procedure for complaint under the Consumer Protection Act along with an appropriate example.

6. Write short note on : (any two)

(a) Types of Contract

(b) MOA (Memorandum of Association)

(c) Rights of a Partner

(d) Utility of Consumerism.

Section B )

7. (a) A agreed to exchange with B 100 tins of baby food at Rs. 10 per tin, for 10 cows at Rs. '500 per cow and pay the difference in cash. State with reason whether this is a contract, for sale of goods.

(b) The Income tax authorities bring an order of the court of auctioning As property for non-payment of taxes. B, a friend of A, to save his friends honour makes a payment to the income tax authorises. Can B later on demand payment for A ? Give answer with reasons.