J-1819 July 2021 Bachelor of Business Administration (BBA) Examination (Full Time) (New) Fourth Semester BBA-404 : INDIAN LEGAL SYSTEM FOR BUSINESS. [Max. Marks 80 (Min, Marks 32 Special Note : Word limit for answer of each question is 250 to 300 words. Note: Attempt any four questions from Section A. Section B is compulsory. Section A 1, Discuss the essentials of a Valid Contract. 2. Define Share’s. Differentiate between Share’s and Debenture’s, What do you understand by Dissolution of Partnership Firm ? Explain the various Modes of Dissolution of Partnership Firm. 4, Explain the Rights and Liabilities of Parties to Negotiable Instrument. Discuss the formation of Sales Contract as per Sales of Goods Act, 1930. 6. Explain in brief Authorities of Redressal of Consumer Grievances under Consumer Protection Act. Section B 7. (@)_ The Law requires that Proposal, the Acceptance thereof and Revocation of Proposal and Acceptance respectively be communicated. State when this communication will be complete in the following cases : (1) Through a letter addressed to Y, X proposes to sell a T. V. Set for Rs. 2,000. (2) _ Y accepts the proposal of X by posting a letter to the effect. (3) X revokes the aforesaid proposal by a telegram. (4) Y revokes the acceptance by a telegram. (b) Are the following agreement valid ? Give reason : (1) Agrees to sell B “My White Horse” for Rs. 5,000 or Rs. 10,000. (2) A promise made by the loser on wages to pay the amount lost in consideration of the winner’s forbearance to post him as a defaulter. 3) A sells the goodwill of his business to B and agrees with him to refrain from carrying on a similar business within specified local limits. (4) Aagrees to marry C’s daughter in consideration of dowry to be paid by C. 100 2loln