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MEENAKSHI COLLEGE OF ENGINEERING

DEPARTMENT OF MANAGEMENT STUDIES
UNIT TEST – II
SUBJECT CODE/SUBJECTNAME: BA7107/ LEGAL ASPECTS OF BUSINESS
SEM/YEAR: I /I
TIME: 1 ½ Hrs
DATE:19/11/2015
MARKS: 50
PART A

1.

What is Negotiable Instrument?

2.

Define bill of exchange.

3.

Define a Company.

4.

What is Public Company?

5.

What is Memorandum of Association?

6.

Define Prospectus.

7.

What is Articles of Association?

8.

What is meant by “Doctrine of Indoor Management”?

9.

Define Ultra Vires.

10.

What is meant by Corporate Governance?
PART B

11.

a)
b)

12.

a)
b)

(10 x 2 = 20 Marks)

(2 × 10 =20 Marks)

Explain the power, duties and liabilities of directors of company.
(Or)
Discuss the classifications of companies.
“Companies are well managed by the good corporate governance”. Discuss.
(Or)
Explain the modes of winding up a company.
PART C (CASE STUDY)

(1×10=10 Marks)

13.
The Promoters of a company, before its incorporation, enter into an agreement with P to
buy a plot of land on behalf of the Company. After incorporation the company refuses to buy the
said plot of land. Has P any remedy against the promoters or against the company?

STAFF-IN CHARGE

HOD