DISTANCE EDUCATION
M.B.A. DEGREE EXAMINATION, MAY 2018.
Third Semester
BUSINESS LAWS
(Upto 2012-13 Academic Year and 2013 Calendar Year)
Time Three hours Maximum 100 marks
PART A — x 8 40 marks)
Answer any FIVE questions.
1. Is a contract without consideration valid? What are its
exceptions?
2. Explain quasi contracts and its kinds.
3. What are the essentials of agency?
4. Define a contract of sale and distinguish it from an
agreement to sell.
5. Define partner. Write the rights of partners in business.
6. Who is a holder in due course? What are his features?
7. Distinguish between assignment and nomination.
8. Who is Director? Discuss his qualification and disqualification
in relation to a company.
Sub. Code
35
DE-4221
2
Ws19
PART B — x 15 60 marks)
Answer any FOUR questions.
9. What are the essential elements of a valid contract?
10. Describe the various modes by which a contract may be
discharged.
11. Distinguish contract of indemnity and contract of
guarantee.
12. What is endorsement? Explain different kinds of
endorsement.
13. What is meant by implied authority of a partner? What
are the statutory restrictions on such authority?
14. Describe the procedure to make a formal claim under a
fire policy.
15. What is a statutory meeting? What is a statutory report
and what are its contents?