M.B.A. DEGREE EXAMINATION, APRIL 2017
Second Semester
BUSINESS LAW
(Common for M.B.A. (CS)/M.B.A. (G)/M.B.A.
M.B.A.
(CBCS 2016 onwards)
Time 3 Hours Maximum 75 Marks
Part A x 3 15)
Answer all questions.
All questions carry equal marks.
1. What is
2. Distinguish between bailor and bailee.
3. Differentiate between condition and warranty.
4. What is Bill of Lading?
5. What is 'Abridged Prospectus'?
Sub. Code
622202/
632202/
641202/
652202
RW-019
2
Wk 11
Part B x 10 50)
Answer all questions, choosing either or
All questions carry equal marks.
6. What do you understand by the term acceptance'?
What are the essentials of a valid acceptance?
Or
Discuss briefly the remedies for breach of contract.
7. What are the distinctions between contract of
indemnity and contract of guarantee?
Or
Discuss the rights of an agent against the principal.
8. Briefly describe the rules regarding delivery of
goods under the Sale of Goods Act, 1930.
Or
Explain the objectives of Consumer Protection Act,
1986.
9. Describe the responsibility of a Railway
Administration as a Carrier of Goods under the
Railways Act, 1989.
Or
What are the liabilities of the carrier with regard to
baggage or cargo under The Carriage by Air Act,
1972?
10. Explain the contents of MoA.
Or
Discuss the powers of the Directors.
RW-019
3
Wk 11
Part C x 10 10)
Compulsory.
11. Read the following case and answer the questions.
A minor falsely representing himself to be of age,
enters into an agreement to sell his property to
and receives from him as price a sum of Rs. 72,000
in advance. Out of this sum, the minor purchases a
car for Rs. 60,000 and spends the rest on a pleasure
trip. After the minor has attained majority, sues
him for the conveyance of the property or in the
alternative for the refund of Rs. 72,000 and
damages. How would you decide?
Alok, the Managing Director of Yellow Ltd.,
borrowed a large sum of money and
misappropriated the same. Later, when the lender
demanded his money, the company refused to repay,
contending that the money borrowed by Managing
Director was misappropriated by him and the
company is not liable for repayment. Decide, giving
reasons, whether the lender would succeed in
recovering the money from the company?
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