DISTANCE EDUCATION
M.B.A. DEGREE EXAMINATION, MAY 2017.
Third Semester
BUSINESS LAWS
(Upto 2012 13 Academic year and 2013 calendar year)
Time Three hours Maximum 100 marks
SECTION A — 8 40 marks)
Answer any FIVE questions.
All questions carry equal marks.
1. What are the effects of misrepresentation? How does it
differ from fraud?
2. Explain the rules related with the performance of Joint
Promises.
3. What are the rights available to a surety against the
creditor, the principal debtor and the co-sureties?
4. State briefly the duties of an agent to the principal. Also
state his rights against the principal.
5. Who is an unpaid seller? What are his rights against the
goods and the buyers?
6. Distinguish between a promissory note, bill of exchange
and a cheque.
Sub. Code
35
DE-849
2
SER
7. Explain the elements would you consider while testing
the partnership.
8. Distinguish between Articles of Association and
Memorandum of Association.
SECTION B — 15 60 marks)
Answer any FOUR questions.
All questions carry equal marks.
9. Explain the different types of remedies available to an
aggrieved party on the breach of contract.
10. Define Pledge. Explain the rights and duties of a pawnor
and a pawnee.
11. Explain the different types of policies in life insurance.
12. Discuss the rights and duties of partner.
13. What is Memorandum of Association? What are the
different clauses under the Memorandum of Association?
14. Discuss the powers and duties of an liquidator.
15. Explain the different types of voluntary winding-up.