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INSTITUTE OF INFORMATION IN TECHNOLOGY & MANAGEMENT

QUESTION BANK OF BUSINESS LAW (BBA 210)



UNIT I


Ques.1) All agreements are not contracts but all contracts are agreements. Discuss the
statement.
Ques.2) Distinguish b/w the following:
a) Express & Implied Contracts.
b) Executed & Executory Contracts.
c) Contract of Indemnity & Contract of Guarantee.
d) Ordinary & Special Damages.
Ques.3) What is an offer? When is it complete?
Ques.4) Define consideration. What are the legal rules regarding consideration?
Ques.5) A contract without consideration is void. Comment.
Ques.6) A stranger to a contract cannot sue. Are there any exceptions to this rule?
Ques.7) What are the various ways in which a contract may be discharged?
Ques.8) Give short notes on:
a) Doctrine of frustration.
b) Delegation of authority.
c) Finder of goods.
d) Quantum Meruit.
e) Kinds of agent.
f) Irrevocable agency,
Ques.9) What remedies are available to an aggrieved party on the breach of contract?
Ques.10) What are the rights & duties of:
(i) Bailor (ii) Bailee (iii) Pawnor
(iv) Pawnee (v) Principal (iv) Agent.
Ques.11) When an agent appoint a sub-agent?
Ques.12) Discuss the different modes in which agency can be terminated.

UNIT II

Ques.1) Define the term goods. What are the different types of goods?
Ques.2) Distinguish between:
(i) Sale & Agreement to Sell.
(ii) Condition & Warranty.
Ques.3) What is doctrine of caveat emptor? Also explain its exceptions.
Ques.4) Explain briefly the rules as to passing of property from the seller to the buyer in a
contract for the sale of goods.
Ques.5) A seller cannot convey a better title than he himself has. Discuss the rule of law and
point out the exceptions.
Ques.6) Does Sale of Goods Act provide for any rules as to delivery of goods? If so, what are
they?
Ques.7) When a seller of goods deemed to be an unpaid seller? What are his rights against (i) the
goods, and (ii) the buyer personally?


UNIT III


Ques.1) What is a negotiable instrument? Explain its characteristics.
Ques.2) Distinguish between:
(i) Promissory Note & Bills of Exchange.
(ii) Cheque & Promissory Note.
(iii) Bills of Exchange & Cheque.
Ques.3) What is meant by crossing of a cheque? Who can cross a cheque? Explain the types of
crossing a cheque.
Ques.4) Define a holder in due course. Explain his privileges under the Negotiable Instruments
Act, 1881.
Ques.5) Define endorsement. Explain different kinds of endorsement.
Ques.6) In what different ways may a negotiable instrument be dishonoured?
Ques.7) What do you understand by noting and protesting?
Ques.8) When a negotiable instrument said to be discharged?
Ques.9) State the cases in which a banker (i) may, (ii) must, refuse to honour a customers
cheque.

UNIT IV

Ques.1) Explain the doctrine of indoor management. Also state its exceptions.
Ques.2) What is statutory report? What are its contents?
Ques.3) Who are liable for misstatements in a prospectus? Explain the extent of civil and
criminal liabilities for such statements.
Ques.4) Explain the alteration of memorandum of association.
Ques.5) Classify companies on the basis of:
(i) Incorporation (ii) Liability
(iii) Ownership (iv) Control.
Ques.6) A company has an identity separate from its members. Explain the statement critically.
Ques.7) What is the memorandum of Association? How does it differ from Articles of
Association?
Ques.8) Define a private company. What are the exemptions and privileges enjoyed by a private
company?
Ques.9) What are the different types of meetings which a company may have to convene?
Explain the provisions of Companies Act 1956, relating to holding of an Annual
General Meeting by a company incorporated under the Act. What business can be
transacted at such a meeting?
Ques.10) Differentiate between transfer and transmission of shares.
Ques.11) Describe the steps that have to be taken and the procedure to be followed for
incorporation of a company.
Ques.12) Define Private Company. Point out distinction between a Private and a Public
company.