mba-1-sem-business-legislation-march-2010

mba-1-sem-business-legislation-march-2010

February 2010

Master of Business Administration (MBA) Examination

I Semester

Business Legislation

Time : 3 Hours)                                                                                               (Max. Marks : 80


Note: Attempt any four questions from Part A. Part B is compulsory.

(Part A)

1.      (a) What do you understand by 'Capacity to Contract'? What is the effect of agreement made by persons of unsound mind?

(b) Explain any five essential elements of a valid contract.

2.      (a) Explain rights and duties of the buyer and the seller.

(b) Define ' unpaid seller', What are the rights of unpaid seller?

3.      (a) Explain the term holder and-holder in due course.

(b) Explain the characteristics of negotiable instruments.

4.      (a) Distinguish between Public Ltd. Co. and Private Ltd. Co.

(b) Briefly explain doctrine of 'Indoor Management.'

5.      (a) Discuss the main features of Consumer Protection Act, 1986.

(b) Explain the rights of a consumer enshrined under Consumer Protection Act.

6.      (a) Explain the meaning of 'dissolution of a partnership firm. When does dissolution of firm take place?

(b) Discuss the right and duties of partners.

(Part B)

1.      Kamal a subscriber to the provident fund under Employees Provident Fund and Misc. Provision Act, 1952 could not get final provident fund dues amounting to Rs. 5.5 lakhs within the stipulated period of 20 days. After waiting for 20 months he files a complaint in the concerned District Forum against the relevant Regional Provident Fund Commissioner. Will Kamal succeed?

2.      '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 'Sacitnie. Is there a valid contract?