M.B.A. DEGREE EXAMINATION, APRIL 2016
Common for M.B.A./B I/G/IB/CS
BUSINESS LAW
(2012 onwards)
Time 3 Hours Maximum 75 Marks
Part A 3 15)
Answer all questions.
All questions carry equal marks.
1. What do you mean by offer?
2. Explain the term contract.
3. What do you mean by agreement to sell?
4. What is common carrier?
5. Write a short note on memorandum of association.
Part B 10 50)
Answer all questions choosing either or
All questions carry equal marks.
6. Explain the essentials of a valid contract.
Or
What do you mean by discharge of contract? Discuss
the various modes by which a contract may be
discharged.
Sub. Code
622202/
632202/
641202/
652202
RW-10729
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Wk 11
7. Define a contract of indemnity. What are the
essentials and legal rules for a valid contract of
indemnity?
Or
What is bailment? How does it differ from sale?
Discuss the rights and duties of a bailee.
8. Explain the difference between a condition and a
warranty.
Or
Explain the procedure for filing a complaint under
the Consumer Protection Act, 1986. By whom the
complaint under the Act can be filed?
9. Explain in detail the liabilities of a common carrier.
Or
What are the conditions implied in a contract for
the carriage of goods by sea? If any of them is
broken, what are the legal consequences?
10. Discuss the characteristics of a company.
Differentiate public limited company and private
limited company.
Or
Explain the duties of Directors.
RW-10729
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Wk 11
Part C 10 10)
Compulsory.
11. Raman while roaming in a park found a Watch there
which seemed to be pretty expensive, Since no one was
around and Raman was in need of a watch, he kept the
same inside his pocket. Tejas; the original owner of the
watch was finding the watch in the park desperately, but
he was unsuccessful in his attempts. One day, while a
morning Jog Tejas saw his lost watch on the wrist of
Raman and asked him to return the same after providing
sufficient proof of original ownership. But Raman
arrogantly refused to return the watch by saying that he
had found the watch so now it belongs to him, Write your
noting on this case in the Light of The Indian Contract
Act, 1872.