Fall/August 2012

Master of Business Administration - Semester 3 MB 0051: “Legal Aspects of Business (4 credits)
(Book ID: B1207)

ASSIGNMENT- Set 1 Marks 60
Note: Each Question carries 10 marks. Answer all the questions.

1. Discuss the nature and significance of business law? 2. Define contract of indemnity. Describe the rights of the indemnifier and the indemnity holder. 3. What is Partnership? Briefly state special features of a partnership on the basis of which its existence can be determined under the Indian Partnership Act? 4. What remedies are available to a seller for breach of contract of sale? 5. Examine the rights of a consumer enshrined under the Consumer Protection Act, 1986. 6. Write short notes on the following: a. Copy right b. License

6. 2. What do you mean by del credere agent? What do you mean by Memorandum of Association? What does it contain? Name the instruments which are recognized as negotiable instruments by the Negotiable Instruments Act. 3. What do you mean by bailment? What are the requisites of a contract of bailment? Explain.Fall/August 2012 Master of Business Administration . Write short notes on the following: a.Semester 3 MB 0051: “Legal Aspects of Business (4 credits) (Book ID: B1207) ASSIGNMENT. “All agreement are not contracts but all contacts are agreements”. Comment. 4. Digital Signature b.Set 2 Marks 60 Note: Each Question carries 10 marks 1. 5. 1881. Information Technology Act .

Fall/August 2012 .