ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD Level: MBA Semester: Autumn 2008 Paper: Business Commercial & Labour Laws (8547) Maximum Marks: 100 Time Allowed: 3 hrs Pass Marks: 40 NOTE: ATTEMPT FIVE QUESTIONS. ALL CARRY EQUAL MARKS. “A contract is an agreement enforceable at law”. Discuss the statement and state the essentials of a valid contract ee = es f i Q.No.2 | What are the rights of seller against the ouyer? Discuss the ceneral rules as to the transfer of title? State the various exceptions. Q.Not | a. Define partnership end briefly discuss its essential elements. |b. Khalid and Nadeem purchased a bus to oly it in parinership. | | They had done business for about a year when ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD Level: MBA Semester: Spring 2006 Paper: Business and Labour Laws (5547) Maximum Marks: 100 Time Allowed: 3 hrs Pass Marks: 40 of Not | What is meant by “fraud” as defined in the Contract Act, 1872? Discuss the | elements of “fraud”. __Note: - ATTEMPT ANY FIVE QUESTIONS. ALL CARRY EQUAL MARKS, ~/ | Q.No.2 | What are the essential requisites of a contract of sale of good: | Distinguish between a contract of sale and an agreement to sell, ft a _ | J Q.No.3 | Define partnership. What are the essential elements of a partnership? State | | the main contents of a partnership deeds. | | A Q.No4 | What major steps are involved in Registration of Company? Discuss the legal provisions regarding the allotment of shares. i i | Q.No.5 | Give a brief overview of the factories Act, 1934. eee seve IEE ee z | | | | | :| Q.No.6 | Define Trade Union. What are the requirements of application for | | ~~ [registration of trade union? | | | Q.No.7 | Summarize various benefits-given by the Employees, Old Age Benefits Act, | ‘ 1976. | | | Q.No.8 | Write notes on the following: 5. Surrender value | 6. Loans on policy | | 7. Assignment of policy | 8. Nomination of life policy | OOOALLAMA IQBAL OPEN UNIVERSITY Level: MBA Semester: Spring 2007 Paper: Business Commercial & Labour Laws (5547) Max. Marks: 100 Time Allowed; 3 hrs Pass Marks: 40 Note: - ATTEMPT FIVE QUESTIONS. ALL CARRY EQUAL MARKS. h between an VGNols | Detine|‘conuert) andl disvise tol exventile Gia valid eoeees ng agreement and a contract No.2 Define the term goods and discuss the different types of goods, What is the meaning 0 g ig - _ perishing of goods under the Sale of Goods Act? Also state the effect of perishing of goods on a contract of Sale. © the different kinds of partnership n compulsory? What is the procedure for the Q.No.3 Define partnership. What , registration of a partners registration of a firm? Q.No.4: What do you know about a limited company? How is a company different from a corporation? Also di h between a public limited company and a private Collective Bargaining Agent? How is it appointed? What are i and duties according to [RO? rights 976? mployees* Old Age Benefits A insurance. What are the principles of contract of insurance? in Assurance and Insurance. ies Act, 1934; the light of Facto Power of d) Holidays v ©) Manufacturi