DISTANCE EDUCATION
M.B.A. DEGREE EXAMINATION, MAY 2017.
First Semester
BUSINESS LAWS
(2012-13 Academic year and 2013 Calendar year only)
(English Medium only)
Time Three hours Maximum 100 marks
SECTION A — × 8 40 marks)
Answer any FIVE questions.
All questions carry equal marks.
1. What are the essentials of valid consideration?
2. Distinguish between a contract of guarantee and a
contract of indemnity.
3. Make distinctions between common carrier and private
carrier.
4. What are the privileges of 'holder in due course'?
5. What are the differences between life insurance and other
forms of insurance?
6. What are the liabilities of partners to third parties?
7. What are the duties of Directors under the Companies
Act, 1956?
8. What is 'caveat emptor' and what are the exceptions to it?
Sub. Code
15
DE-890
2
Ws 11
SECTION B — × 15 60 marks)
Answer any FOUR questions.
All questions carry equal marks.
9. State briefly the various modes in which a contract may
be discharged.
10. Briefly explain the various modes by which an agency
may be created.
11. Explain the rights of an unpaid seller.
12. What are the essential characteristic features of a
negotiable instrument?
13. Discuss the law relating to 'insurable interest' in the case
of life insurance.
14. Explain the procedure for registration of a partnership
firm.
15. Discuss the modes of winding up of a company under the
Companies Act, 1956.