S.P.B.PATEL ENGINEERING COLLEGE (MBA PROGRAMME) SUB: LEGAL ASPECTS OF BUSINESS SEM-III 1.

Describe the essentials elements of a valid contract. When does an agreement become void? 2. Discuss the classification of a contract. 3. Explain following terms 1. Void agreement 2. Void contract 3. Voidable contract 4. Illegal agreement 5. Express contract 6. Implied contract 7. Quasi contract 8. Executed contract 9. Executory contract 10. 11. Unilateral contract Bilateral contract

4. By whom must contracts be performed? 5. Explain requisites of a valid tender. 6. Explain the devolution of joint liabilities. 7. Write short notes on: 1. Assignment of contract 2. Time as the essence of a contract 3. Performance of contract 8. What are the rules of law relating to time and place of performance of contract? 9. What do you mean by reciprocal promise? Explain the rules regarding reciprocal promises. 10. Explain the various ways in which a contract may be discharged?

11. What remedies are available to an aggrieved party on the breach of contract?

12.

Explain various types of damages.

13. What is the distinction between liquidated damages and Penalty? 14. Define: (a) Quantum meruit (b) Specific performance (c) Injunction

15. What are quasi contract? Enumerate the quasi contracts dealt with in Sec. 68 to 72 of Indian Contract Act. 16. Discuss the rights and obligations of a finder of goods. When can a finder of goods sell the goods? 17. Explain the distinction between a contract of indemnity and a contract of guarantee.
18.

What is the nature of suretys authority? State his rights against (a) the creditor (b) the principal debtor (c) the co-sureties.

19. Explain the kinds of guarantee and also explain revocation of a continuing guarantee. 20. Explain the various ways when surety is said to be discharged.

21. Explain bailment, requisites of bailment and classification of bailment. 22. 23.
24.

Explain duties and rights of bailor and bailee. Explain termination of bailment. Explain rights and duties of Pawnor and Pawnee. Discuss difference between bailment and pledge. Explain the various ways of creation of agency. What are the requisites of a valid ratification? Give the classification of agents. Explain duties and rights of agents and principal. Which can be the personal liability of agent? How the agency can be terminated? Difference between subagent and substituted agent. Explain essentials of a contract of sale. Discuss express and implied conditions and warranties. Explain caveat emptor. Who is an unpaid seller? Discuss the rights of an unpaid seller.

25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36.

37.

Explain rules of auction sales. Explain

38. What do you mean by negotiable instrument? characteristic and types of negotiable instrument.

39. Explain essential elements of promissory note and bill of exchange. 40. 41. 42. Distinction between promissory note, bill of exchange and cheque. Explain types of crossing the cheques. Give the classification of negotiable instrument.

43. Who are the parties to a bill of exchange, a promissory note and a cheque? Explain capacity of parties. 44. Explain holder and holder in due course. What are the privileges of a holder in due course? 45. 46. Explain various ways of dishonor of a negotiable instrument. What is noting and protesting?

47. Explain penalties in case of dishonor of certain cheques for insufficiency of funds (sec. 138 to 142). 48. Explain discharge of an instrument and discharge of a party or parties. 49. 50. 51. Explain various kinds of hundis. Explain the objective of consumer protection act, 1986. Explain the following terms: 1. Appropriate laboratory 2. Complainant 3. Complaint 4. Consumer 5. Defect 6. Deficiency 7. Person 8. Restrictive trade practice 9. Spurious goods and service 10. 52. Unfair trade practice

Explain consumer protection council in detail.

53. 54.

Explain procedure of admission of complaint. Explain the following terms: 1. Access 2. Addressee 3. Asymmetric crypto system 4. Digital signature 5. Electronic form 6. Electronic record 7. Function 8. Key pair 9. Private key 10. 11. Public key Originator

55.

How do digital signatures acquire legal recognition?

56. What is meant by attribution, acknowledgement and dispatch of electronic records? 57. How is controller or certifying authority appointed? What are his functions? 58. 59. 60. How is cyber appellate tribunal appointed? What are its functions? What are the offences related to cyber crime? What are the characteristics of a company?

61. Explain the classification of a company on the basis of incorporation, liability, number of members, control and, ownership. 62. Explain MCA-21---electronic filing of forms.

63. Briefly describe the documents to be filed with the registrar of companies prior to incorporation. 64. Who is promoter? Discuss his legal and fiduciary position.

65. What is a memorandum of association? What are its contents? When and how may it be altered? 66. Discuss the doctrine of ultra vires vis--vis a company, the directors and the articles. 67. What are articles of association? How can they be altered?

68. Discuss the doctrine of indoor management and exceptions for the same. 69. 70. Difference between AOA and MOA. Discuss misstatements in prospectus and their consequences.

71. What is a prospectus? What are its contents? Is it obligatory for a company to file prospectus or a statement in lieu of prospectus with the registrar of companies? 72. 73. What is book building? What is its process? What are its benefits? Explain appointment and removal of directors.

74. Discuss the types of meetings in detail and also explain requisites of a valid meeting. 75. What do you understand by a proxy? What are the statutory provisions regarding proxies? 76. What can be patented? Explain the product v. process patent and compulsory licensing? 77. 78. 79. 80. What can be copyrighted? Who is the owner of copyright? Explain territorial limitations and rights of owner in copyright act. Explain activities which are not copyright violations. Explain law on trademark protection in detail.

81. Explain water and air act and prevention and controlling steps of pollution. 82. Write down a short notes on following: 1. The environment rules, 1986 2. Hazardous wastes rules, 1989 3. Manufacture, storage and import of hazardous chemical rules, 1989 4. Water cess act, 1977