VU/EIILM/MBA/1st SEM/20-21/105

MASTER OF BUSINESS ADMINISTRATION

First Semester Examination, 2020

BUSINESS LEGISLATION
Paper: 105

Full Marks: 100 Time: 3 Hours

Answer any four questions from the following: 20 X 4 = 80

1) Define offer? Write down various kinds of offer with help of illustrations?
Explain how communication of offer and acceptance is complete? [3+10+7]

2) Define Consideration? “A contract without consideration is valid?”-Comment.

Define past and future consideration?
[5+10+5]

3) Define Contract and Agreement? What is breach of contract? What are the
remedies available for breach of contract? [5+ 5+10]

4) Define Partnership? Explain how a partnership firm can be dissolved? [5+15]

5) Discuss kinds of Partners? Write down the rights, duties and liabilities of
partners? [5+15]

6) Define Seller and buyer? Write rights and duties of both seller and buyer?
[5+15]

7) Define Goods? Discuss the classification of goods with illustrations? What is

doctrine of Caveat Emptor?
[5+10+5]

8) Write a note on MOA? State the differences between AOA and MOA?
[10+10]

[Internal Assessment: 20 Marks]