B.B.A. (Semester IV) (CBCS) Examination Nov/Dec-2018
BUSINESS LAW
Time: 2½ Hour Max. Marks: 70
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose correct alternatives: 07
Indian Contract Act
1872 1877
1986 1932
Generally an agreement without consideration is
Valid illegal
void voidable
A partner who is neither an active partner nor known to the public is
called partner.
Nominal Dormant
Active Minor
A company formed by a special act passed either by Central or State
Government is called company.
Charted registered
statutory none of these
The Sale of Goods Act
1932 1986
1930 1934
Agreement in restraint of trade is
Legal void
valid all of these
Jurisdiction of National Commission is
Rs. 1 to 1 lac Rs. 1 to 20 lac
Rs. 20 lac to 1 Cr. Above 1 Cr.
Q.1 State whether the following statements are true or false. 07
Minimum two persons are required to form a contract.
Partners have right to take part in management.
Jurisdiction of district consumer forum is Rs. 20 lac to 1 Cr.
If there is no business, there can be no partnership.
The minimum number of members required to form a private company
is 7.
Unpaid seller has no right to lien of goods.
A company has a common seal.
Q.2 Write Short Notes. (any two) 14
Memorandum of Association
Explain the types of partnership
Essentials of valid contract
Page 2 of 2
SLR-CI-16
Q.3 Write Short Notes. (any two) 14
Remedies for breach of contract
Define Negotiable Instruments and kinds of Negotiable Instrument.
Unfair Trade Practice.
Q.4 Explain the various modes of discharge from contract 14
OR
Define company and explain the characteristics of company.
Q.5 Consumer disputes redressal machinery explain. 14
OR
Define unpaid seller and explain his rights.