SVKM’S NMIMS MUKESH PATEL SCHOOL OF TECHNOLOGY MANAGEMENT &

ENGINEERING- MUMBAI

MBA TECH PROGRAMME – YEAR IV – TRIMESTER XII

MID-TRIMESTER EXAMINATION

MARCH, 2011

DURATION ONE HOUR - MARKS 20

SUBJECT - LEGAL ASPECTS OF BUSINESS

NOTE: - 1. ANSWER ALL QUESTIONS

2. ILLUSTRATE YOUR ANSWERS.

3. FIGURE TO THE RIGHT OF EACH QUESTION INDICATES THE MARKS.

Q.1. Describe the essential conditions of a valid contract with suitable illustrations.
5

Q.2. State and explain the methods of discharge of a contract.

5

Q.3. What is the meaning of ‘breach of contract’?

State the remedies / relief for breach of contact.

5

Q.5. Fill in the blanks of the following: - ONE Mark Each TOTAL
5

a. A contract is an agreement between parties and _______________ by law.

b. A contract must be capable of creating ___________ ______________.

c. An agreement made without _________________ is void.

d. Communication of offer and acceptance may be ____________ or

_________.

e An agreement enforceable at the option of one but not at of the option

of the other is a __________ contract.
SVKM’S NMIMS MUKESH PATEL SCHOOL OF TECHNOLOGY MANAGEMENT &
ENGINEERING- MUMBAI

MBA TECH PROGRAMME – YEAR IV – TRIMESTER XII - 2011

LEGAL ASPECTS OF BUSINESS

TOPICS FOR ASSIGNMENTS

1. Contract -Definition and analysis of key elements of- Valid, Void and Voidable
Contracts- Performance of by whom - manner, time, simultaneous, joint
promisors and promisees –
Modes of discharge
2. Breach of Contract – Anticipatory and Actual Breach - Relief/ Remedies for
Breach of-Damages General, Special and Liquidated; Principles of Award of
damages
3. Meaning of Goods and Sale- Principal features of ‘Sale’ and’ Agreement to
Sell’- Stipulations in a Contract of Sale – when ‘conditions’ may be reduced to
‘warranty’- ‘Caveat Emptor’ and exceptions thereto
4. Goods – Existing, Specific and Future, Ascertained and unascertained Goods;
Transfer of Property in goods; Rules of Price and Delivery- Unpaid Seller and
his rights- Rights and duties of Buyer and Seller – Sale on Approval Basis -
Auction Sale
5. Negotiable Instruments – Definition of- Kinds of - Characteristics of-
Presumptions relating to –Endorsement and Crossing of Cheques – Holder in
due course- Bouncing of and Remedies thereto
6. Law relating to Consumer Protection – Meaning of Terms ‘Goods’ ,
‘Services’, ‘ Consumer’ , ‘Complainant’, ‘Compliant’, “Dispute’, ‘Defect’,
‘Deficiency’; Rights of Consumers; Consumer Protection Council, Consumer
Redressal Agencies – Composition, Functions and Prowers of; Procedure for
Receipt and Disposal of complaints
7. Law on Information Technology – Objects – Electronic Records and
authentication; Digital Signature; Public and Private Keys; Electronic
 Governance; Security Procedure; Controller of Certifying Authorities; Digital
Certificates; Duties of Subscribers; Penalties; Cyber Appellate Tribunal
8. Competition Law – Objects –Anti competitive Agreements; Abuse of Dominant
Position; Regulation of Combinations; Competition Commission of India –
Composition; Duties; Powers;
Procedure for enquiry