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Class Test - 2 MBA 1 semester (Full time) BUSINESS LEGISLATION

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Time Allotted: 1 Section-A Attempt any two: Q.1

Max. Marks: 25 (2x9 Marks)

State the classification of partners. Distinguish a partnership firm from: a) A Joint Hindu Family b) Co-ownership c) A Company What are the provisions relating to establishment and composition and functions of Cyber Appellate Tribunal? Explain digital signature certification system? Describe the need of Digital Signature and E-records in the proceedings of government. Define and discuss a bill of exchange. What s the difference between a Bill of Exchange with a cheque and a promissory note?

Q.2 Q.3 Q.4

Section B Case-study

(7 marks)

1. The promoters of the company, before its incorporation, enters into an agreement with P to buy a plot of land on behalf of the company. After incorporation the company refuses to buy the said plot of land. Has p any remedy either against the promoters or against the company? 2. A cheque was drawn in favour of F.S.H. and others or bearers and crossed account payee. N, the bearer, paid the cheque into his own account at his bank and the bank credited him with the proceeds without making any enquiries as to his title to the cheque. Is the bank liable to the true owner?

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