LAB

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1. Explain in lay mans language: Defect, Deficiency, Agreement, Contract, Person Competent to
contract, Minor and consideration.
2. Important elements of valid contracts.
3. Write ten special characteristics of a company.
4. Compare and write ten differences among Partnership, LLP & Company.
5. What are the rights of unpaid seller?
6. Explain: Hypothecation, Mortgage, Pledge & Bailment
7. Narrate procedure by writing bullet points to incorporate a public company.
8. Explain conditions and warranty under Sales of Goods Act.
9. Describe express and implied powers of a partner.
10. Discuss: Rights of buyers under Sales of Goods Act.
11. What are the rights available to a consumer under Consumer Protection Act, 1986?
12. Intellectual Property Rights are very important and crucial for modern business.
13. Environmental issues are given due weightage and an industry should respect environmental
concern of the society and then exploit resources for common goods. Comment.
14. Information technology is sine-qua-non for a business. Comment.
15. Seller of goods and provider of services should respect rights of buyers and consumers.
Comment.
16. In globalization era hardly any business can only accept payments in cash. Comment.
17. Explain in lay mans language the principles on which a company works. (At least 4)
18. Compare and contrast Registered Partnership vs. Unregistered Partnership
19. Classify contracts. Explain express and implied contracts.
20. If you were faculty of LAB, how you would have preferred to teach and evaluate the subject?