QUESTIONS BANK

LEGAL ASPECTS OF BUSINESS : MB0302

FOR END SEMESTER EXAM(ESE)NOV 2021

Q1 . Define “ Contract “ and Discuss the Process of Making a Contract.

Q2 . Discuss the Essential Elements of Establishing a Valid Contract .

Q3. Explain the Various Types of Contracts

Q4. Explain the Rules Governing “ Consideration “

Q5 . State the various Circumstances when the “ Offer “ is considered as

Lapsed.

Q6. Explain what do you mean by “ Lawful Object” .

Q7. Who is “ Not Competent to Contract “ ?

Q8. Explain what do you understand by “ Free Consent “ and discuss the

Various Flaws in Consent.

Q9. List Out the “ Agreements which are Expressly Declared Void “

Q10. Explain the Circumstances in which a Contract is “ Deemed to have been

Discharged”

Q11. What is Breach of Contract and discuss the Various Types of Damages .
Q12. Discuss the Difference between a Contract of Indemnity and Contract of

Guarantee.

Q13. Explain the Difference between B ailment and Pledge.

Q14. Discuss the Rights and Duties of an Agent .

Q15. Explain the Salient Features of Negotiable Instruments .

Q16. Discuss the Various Types of Negotiable Instruments .

Q17. Discuss Dishonour of Negotiable Instrument and the various Modes of

Dishonour.

Q18 Explain Discharge of a Negotiable Instrument and the various manner in

which a Negotiable Instrument can be discharged.

Q19. Discuss the Various Elements of a Contract of Sale .

Q20. Illustrate the Difference between the Condition and Warranty with reference to Contract of
Sale.
Q21 . Explain the Doctrine of Caveat Emptor .

Q22. What are the Rights of an Unpaid Seller .

Q23. Explain the Rights of a Buyer .

Q24.Discuss the Rights of a Consumer .

Q26 . Briefly Describe the Consumer Dispute Redressal Agencies

Q27. Discuss the Distinct Features of a Company .

Q28. Explain the Various Categories of Companies.

Q29. What do you understand by the Concept of Corporate Veil and the Doctrine of Ultra Virus.

Q30. What is a Memorandum of Association (MOA) with respect to a Company and what are the
different Clauses of the MOA.
Q31. What are the Articles of Association (AOA ) of a Company and List out the Items covered by
the AOA.

Q32. Discuss the Various Powers of the Board of Directors (BOA) in Brief.

Q33. Briefly discuss the various Categories of Company Meetings .

Q34 What is Winding Up of a Company mean and What are the Grounds of Winding Up ?

Q35. Discuss the Various Important Terms /Concepts in the Information and Technology Act,
2000.

Q36. What do you understand by Environment and briefly list out the various rules pertaining to the
Environment .

Q37. What do you understand by Intellectual Property and the Various categories of IP Rights that can
be covered.

Q38. What are the basic issues that are addressed in the IT Act2000 , Environmental Laws and
the Intellectual Property Rights .