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.
1. Illustrate the distinction between 'voidable' and
'illegal agreement'?
2. What is bailment? How does a bailment differ from a
pledge?
3. Distinguish between a sale and a hire-purchase
agreement.
4. What are the rights and duties of common carriers and
private carriers?
5. Who are the parties to a bill of exchange, a promissory
note and a cheque?
6. Define a contract of marine insurance and its essential
features.
7. What are the modes to determine the existence of
partnership?
8. State the characteristics of a company.
Sub. Code
35
DE-786
2
wk14
SECTION B — × 15 60 marks)
Answer any FOUR questions.
9. Distinguish between the given classes of contracts
Express and implied contract
Executed and executor contract.
10. Explain the various situation the contract should be
discharged.
11. Write the important features of the Carriage of Goods by
Sea Act, 1925.
12. What are the essentials of a life insurance contract? How
does it differ from others?
13. Write comment on the statement, holder in due course
gets a title from equities'.
14. Explain the different methods of dissolution of a firm.
15. Explain the various methods of winding up of a company.