THIRUMALAI ENGINEERING COLLEGE, KILAMBI

PG DEPARTMENT OF MANAGEMENT STUDIES

LEGAL ASPECTS OF BUSINESS
Marks: 100
MODEL EXAM
Time: 3Hrs
PART-A (10*2=20)
What are the objectives of cyber law?
What are the disadvantages of VAT?
State the purpose of MOA.
What is IPR?
State the object of the law of contract.
Define the term goods under the Sale of Goods Act.
What are the rights of principal?
Define Industrial Dispute Act.
What is corporate governance?
Difference between condition and warranty.
PART-B (5*16=80)
11. a) Explain the memorandum of Association.
(Or)
b) Discuss the different types of agent.
12. a) Discuss the salient features of deduction from wages
according to payment of wages Act..
(Or)
b) What are the difference methods of winding up of a public
company? Explain each in brief?
13. a) Who are the liable for misstatements in a prospectus?
Explain the extent of civil and criminal liability for such
statements.
(Or)
b) i) What is a corporate veil? When is it pierced? Explain.
ii) What are the special privileges of a Holder in Due
Course?
14. a) Discuss the methods of computation of VAT.
(Or)
b) State and explain the essential elements of valid contract.
Explain.
15. a) What are the characteristics of a company?
(Or)
b) Describe the components of IPR.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.

THIRUMALAI ENGINEERING COLLEGE, KILAMBI

PG DEPARTMENT OF MANAGEMENT STUDIES
LEGAL ASPECTS OF BUSINESS
Marks: 100
MODEL EXAM
Time: 3Hrs
PART-A (10*2=20)
What are the objectives of cyber law?
What are the disadvantages of VAT?
State the purpose of MOA.
What is IPR?
State the object of the law of contract.
Define the term goods under the Sale of Goods Act.
What are the rights of principal?
Define Industrial Dispute Act.
What is corporate governance?
Difference between condition and warranty.
PART-B (5*16=80)
11. a) Explain the memorandum of Association.
(Or)
b) Discuss the different types of agent.
12. a) Discuss the salient features of deduction from wages
according to payment of wages Act..
(Or)
b) What are the difference methods of winding up of a public
company? Explain each in brief?
13. a) Who are the liable for misstatements in a prospectus?
Explain the extent of civil and criminal liability for such
statements.
(Or)
b) i) What is a corporate veil? When is it pierced? Explain.
ii) What are the special privileges of a Holder in Due
Course?
14. a) Discuss the methods of computation of VAT.
(Or)
b) State and explain the essential elements of valid contract.
Explain.
15. a) What are the characteristics of a company?
(Or)
b) Describe the components of IPR.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.