BUSINESS LAW QUESTIONS

[1ST YEAR MBA]

UNIT-1
1) Define law. What is the need for the knowledge of law? 2) Describe the Indian Judicial System. 3) What are the sources of the mercantile law? 4) What do you understand by ''Consensus ad idem''? Give an example. 5) Define contract. Explain the essential elements of the contract. 6) Differentiate valid-void-voidable contract. 7) What do you mean by capacity to contract? Who are not competent to contract? 8) What do you understand by performance of contract? 9) What is tender of performance? State the requisites of a valid tender. 10) State the contracts which need not be performed. 11) What are the various ways the contract may be discharged? 12) Differentiate "Breach of contract" and "Anticipatory breach of contract".

UNIT-2
1) How is the contract of sale formed? 2) What are the essentials of contract of sale? 3) Distinguish between sale and agreement to sell. 4) What is bailment? Give example. 5) Distinguish between sale and hire purchase. 6) What do you understand by condition and warrantee? Differentiate. 7) Explain "Doctrine of caveat emptor". 8) State the condition for unpaid seller. Explain his rights. 9) Define agent. Brief the classification of agents. 10) What are the duties and rights of agent? 11) What do you mean by delegation of authority? 12) How are sub-agent and co-agent appointed? 13) State the personal liability of an agent? 14) In what ways the contract of agency can be terminated?

UNIT-3
1) What is partnership? State the essential characteristics of partnership. 2) State the procedure for registration of partnership. 3) What are the effects of non-registration? 4) What are the duties and rights of partners? 5) What do you understand by reconstitution of a firm? 6) State the difference between dissolution of firm and dissolution of partnership. 7) Explain the methods of dissolution of partnership. 8) Define company and its characteristics. 9) What do you understand by “Lifting of corporate veil”. State with exceptions. 10) Write a note on classification of companies. 11) What is the procedure for registration of company? 12) What is memorandum of association? Explain its contents. 13) Write note on A) Doctrine of ultra virus.

19) What is industrial dispute? 20) Explain the industrial dispute settlement mechanism. 17) State the features of Factories Act 1948. b) Bills of exchange. 16) What is sales tax? How does VAT differ from sales tax and show the working of VAT . 24) State the features of digital signature and its importance. d) Crossing of Cheque. 23) State the features of the Cyber law. 14) What is prospectus and its contents? 15) Explain the winding up procedure and its consequences? UNIT-4 1) Define negotiable instruments and state its characteristics. 25) State the features of Consumer Protection Act and its Grievances Redressed Act. 3) Who are the parties to negotiable instruments? UNIT-5 1) What is copy right? 2) What cannot be copyrighted? 3) What is the procedure to register copyright? 4) What is infringement of copy right? 5) What is patent? 6) What cannot be patented? 7) What is the procedure to register patent? 8) What is infringement of patent? 9) What is trade mark? 10) What cannot be trademarked? 11) What is the procedure to register trademark? 12) What is infringement of trademark? 13) Write a note on intellectual property treaties? 14) What do you understand by corporate tax? 15) State the scope of corporate tax planning and its advantages .B) Indoor management. 18) State the role of certifying surgeon under Factories act 1948. 26) What are the unfair trade practices? . c) Cheque. 2) Write note on a) Promissory note. 21) How far the Industrial Dispute Act 1947 is successful in dealing with industrial dispute? 22) State the features of Shops and Establishments Act.

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