Jahangirnagar University (FBS)

Department of Management Studies

Mid-Term Examination (EMBA Program Spring 2021 Section C)
Course Code & Title: EMBA-510 (Business Ethics & Legal Environment)
Time: 40 Minutes.
Marks:10
Instructions:  Answer any 2 (Two) of the following questions.

1. A) "Change of Law depends upon the change of society". Discuss. [2]

B) What do you understand by performance of a contract? Under what
circumstances a contract need not be performed? [3]

2. "All agreements are not contracts, but all contracts are agreements". Discuss· the
statement explaining essential elements of a valid
contract. [5]

3. Define bailment. State the degree of care to be taken by a bailee. What are the duties
of the bailee? [5]