MB0051 LEGAL ASPECTS OF BUSINESS – Spring 2016
| DRIVE | SPRING2016 |
| PROGRAM | MBA |
| SEMESTER | III |
| SUBJECT CODE &NAME | MB0051LEGAL ASPECTS OF BUSINESS |
| BKID | B1725 |
| CREDIT | 4 |
| MARKS | 60 |
Note:Answerallquestions.Kindlynotethatanswersfor10marksquestionsshouldbeapproximatelyof400 words. Eachquestion is followed byevaluation scheme.
| Q.No | Question | Marks | TotalMarks |
| 1 |
a) Indicatethe sourcesofIndianLaw.b) Write noteson : i) Ignoranceof Law ii) LexMercantoria |
||
| A | a) Sourcesof IndianLaw
b) Write noteson: i) IgnoranceofLaw ii) LexMercantoria |
4
3 3 |
10 |
| 2 | Narratethe facts and judgementin the case :
i. HarveyVs.Faceyii. Peek Vs.Gurneyiii. RanganayakammaVs.AlwarSetty |
||
| A | Narrate the facts and judgement in the case :
i. HarveyVs.Facey ii. PeekVs. Gurney iii. Ranganayakamma Vs.AlwarSetty |
4 4 2 |
10 |
| 3 | “A negotiableinstrumentmay be dishonouredeitherby non-acceptance or by non-
payment” Enumeratereferring to therules as laid down inthe Act. |
||
| A | Modes ofdishonour ofanegotiable instrument aslaid down in the Act. |
10 |
10 |
| 4 | Whoisanunpaidseller?Whataretherightsofanunpaidsellerunderextantprovisionsoflaw ? | ||
| A | Who is anunpaidseller ?
Whataretherightsofanunpaidsellerunderextantprovisions of law ? |
2
8 |
10 |
| 5 | DescribethejurisdictionsofDistrictForum,StateCouncil,NationalcouncilandSupremeCourt of Indiaas perConsumerProtectionAct,1986. | ||
| A | JurisdictionsofDistrictForum,StateCouncil,NationalcouncilandSupremeCourtofIndiaasperConsumerProtection Act, 1986. |
10 |
10 |
| 6 | Enumerate thestepsto float a limitedcompany.
The companybeing an artificial person, how arethe affairs of acompanymanaged ? |
||
| A | Procedure forfloatingalimited companyProcedureof companymanagement | 5
5 |
10 |
SMU MBA SPRING 2016-2017
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