M.B.A. (Part (Semester (CBCS) Examination, 2016
LEGAL ASPECTS OF BUSINESS (Paper VII)
Day and Date Friday, 23-12-2016 Total Marks 70
Time 2.30 p.m. to 5.00 p.m.
Instructions Q. No.1 is compulsory.
Attempt any two questions from Q. No. to Q. 4.
Attempt any two questions from Q. No. to Q. 7.
Figures to right indicate marks.
1. Case Study. (Any four) 14
Mr. Balfour and Mrs. Balfour lived in Ceylon and visited England on a
vacation. The plaintiff remained in England for medical treatment and the
defendant agreed to send her a specific amount of money each month
until she could return. The defendant later asked to remain separated and
Mrs. Balfour sued for restitution of her conjugal rights and for alimony
equal to the amount her husband had agreed to send. Mrs. Balfour obtained a
decree nisi and five months later was granted an order for alimony. The lower
court entered judgment in favor of the plaintiff and held that the defendant's
promise to send money was enforceable. The court held that Mrs. Balfour's
consent was sufficient consideration to render the contract enforceable and
the defendant appealed.
A Bank had power in the Articles to issue bonds under the authority of an
ordinary resolution. The director issued bonds to Tom without the requisite
resolution. Tom sued the company for the recovery of money under the bonds.
The suit was resisted on the ground that there was no requisite resolution of
the company. Will Tom's suit succeed
Anay and Vinay are partners in a business. The term for partnership is agreed
at ten years. After three years Anay is convicted of travelling on a railway
without a ticket with intent to defraud. Will the court dissolve the firm on the
application of B before the expiry of the term
P.T.O.
Seat
No.
SLR-T 7
A company altered the objects clause of its Memorandum of Association
according to the procedure laid down by law that is by passing a special
resolution. A copy of the resolution was filed with the registrar four months
after the passing of the resolution. Can the registrar register the alteration
A bill is drawn "Pay to A or order the sum of one thousand rupees". In the
margin the amount stated is Rs. 10,000 in figures. Is this a valid bill
If so, for what amount
A draws a bill on B who accepts it without consideration. He indorses the bill
to C for valuable consideration. On due date when C presents the bill to B for
payment, B contends absence of consideration. Decide the case giving reason.
A-the Payee, holder of a bill indorsed it in a blank and delivered it be also
indorsed it in blank and delivered it to C.C indorsed it in full to D or order. D
without indorsement delivered it to E. What are rights and against whom
2. Write short notes. (Any two) 14
Importance of IT Act.
Free Consent.
Types of Law in India.
3. Write short notes. (Any two) 14
Promissory Note.
Articles of Association.
Types of Agreement.
4. Write short notes. (Any two) 14
Bills of Exchange.
District Forum.
Unfair Trade Practices.
5. Define the term Contract. What are the essentials of valid contract 14
6. What is the reason of enforcement of Consumer Protection Act, 1986 State
the Mechanism to control the activities in the Act. Give the essentials of
drafting a complaint. 14
7. Define Companies Act, 1956. Give its characteristics in detail. Differentiate
between Company and Partnership. 14