OCTOBER 2012

P/ID 77506/PMBF/ PMB1F

Maximum : 100 marks

Time : Three hours

PART A (5 6 = 30 marks) Answer any FIVE questions. All questions carry equal marks. 1. 2. 3. Distinguish between offer and acceptance. Describe lawful consideration. What is dishonor of an instrument? Explain how a company manages it. Define articles of association. Describe Quorum. Explain the duties of directors. Write notes on endorsement. Mention the provisions regarding payment of gratuity.

4. 5. 6. 7. 8.

PART B (5 10 = 50 marks) Answer any FIVE questions. All questions carry equal marks. 9. What is contract? Explain the essential elements of contract. What are the remedies available to an aggrieved party for breach of contract? State and explain how a company is formed. Also explain the contents of memorandum and articles of association of a company. Explain various meetings and the features of the meetings. Define negotiable instrument. features of negotiable instrument. Explain the

10.

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14. 15.

Explain various types of crossing of cheques. Explain the important provisions of Minimum Wages Act. Explain the important provisions of ESI Act. 2

16.

P/ID 77506/PMBF/ PMB1F

PART C (1 20 = 20 marks) (Compulsory) 17. If a contract is broken, the law will endeavor so far as money can do it to place the injured party in the same positions as if the contract has been performed. Discuss.

P/ID 77506/PMBF/ PMB1F