SYMBIOSIS INSTITUTE OF MANAGEMENT STUDIES 1ST SEMESTER MID-SEM EXAMINATION MBA : 2008 - 2010 DIVISION A / B / C / D / E BUSINESS LAW: ADV.

. P SUKHATME DAY & DATE : WEDNESDAY, 27TH AUG. 08 TIMINGS : 10:30 AM TO 12:00 NOON NOTE : ALL QUESTIONS ARE COMPULSORY. TOTAL MARKS : 40 TOTAL HRS. : 1

Q.1 Q.2 Q.3 Q.4 Q.5 Q.6 Q.7 Q.8 Q.9

Explain the meaning of consensus- ad- idem.

(Marks 2)

Define Contract and state and explain any two essentials of a valid contract . (Marks 5) Distinguish between Offers and Invitations for offers.
(Marks 5)

State and explain any two exceptions to the rule that Agreements without consideration are void. (Marks 6) When is consent said to be free. Explain capacity to contract. Explain Offers may be specific or general.
(Marks 2) (Marks 2) (Marks 6)

A contract may be oral or in writing but in certain special cases it must be in writing or/ and registered. Explain. (Marks 5) Explain briefly --- Threat to file a suit does not constitute coercion however a threat to commit suicide was held to be coercion in the Seshamma case. (Marks 5)
(Marks 2)

Q.10 Acceptance must be absolute and unqualified. Explain.

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