ASSIGNMENT FOR BUSINESS LAW

Q1. Define the term ‘contract’ What are the essentials of a valid contract? Explain
with examples.

Q2 “A quasi-contract is not a contract at all. It is an obligation which the law

creates”. Amplify and state the quasi contracts recognized under the Indian
contract act.

Q3. “ If a contract is broken, the law will endeavour so far as money can do it, to place
the injured party in the same position as if the contract has been performed.”
Discuss.

Q4. Write short note on

a) Void agreement
b) Voidable contract
c) Executed and executory contracts

Q5. State in brief the various kinds of companies which can be registered under the
Companies Act, 1956.

Q6. Write short note on

a) Memorandum and Article of Association
b) Share Holder and Debenture Holder

Q7. Describe the procedure relating to the formation of companies under the
Companies Act 1956. Can a court annul a certificate of incorporation which has
been improperly issued ?

Q8. Who are the promoters ? State the duties and liabilities of promoters.

Q9. Discuss the statutory provision relating to the appointment , qualification and
disqualification of a director.

Q 10. Define Partnership. Explain various types of partnership.

Q 11. How a partnership firm can be dissolved?

Q.12. Distinguish between :

a) Condition and Warranties
b) Sale, Agreement to Sale.

Q 13. What is a bill of exchange? How does it differ from a promissory note and a
cheque?
Q 14. Write short note on :
a) Holder and Holder in due course
b) Crossing of cheque.

Q 15. Explain the statutory provision and procedure relating to dishonor of cheque.
(Section 138).

Q.16 What are different modes of computation of VAT.

Q 17. Define VAT and explain its merit and demerits.

Q 18. Define service tax and explain taxable events in service tax.

Q.19 Who is liable to pay service tax and when ? Explain the procedure for registration
and centralized registration.

Q 20. Write short note on :

a) E-Payment of Service Tax
b) Due Date for filling of Returns of service tax and payment of service tax