Total No. of Questions : 5] SEAT No.

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P5534 [Total No. of Pages : 2

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F. Y. M.B.A. (Semester - I)

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LEGAL ASPECTS OF BUSINESS

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(2019 Pattern)

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Time : 2 Hours] 8/1 13 [Max. Marks :50
Instructions to the candidates:
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1) Figures to the right indicate full marks.

2) All questions are compulsory.
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3) Answer must be suported by case laws.

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Q1) Solve any five. [10]
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a) Define Undue Influence under contract act 1872. [2]

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b) Who is unpaid seller according to the sale of goods act. Give example.[2]
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c) Define promissory note as an instrument under Negotiable Instrument
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Act 1881. [2]

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d) Who is an endorser in accordance to Negotiable Instrument Act 1881?[2]

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e) What is the territory and monetory jurisdictions of District forum under

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consumer Protection Act 1986? [2]

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f) Define Consumer under consumer Protection Act 1986? [2]
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g) What is One Person Company as per company act 2015? ic-

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h) Enlist any four clauses of Memorandum of Association under the

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Companies Act, 2015. [2]

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Q2) Solve any two. [10]

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a) Distinction between Contract and Agreement, under The Contract Act

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1872. [5]
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b) Define and point out any three differences between Articles and
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Memorandum of Association as explained in the company act 2015.[5]

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c) Explain the difference between condition and warranty as per the sale of
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goods act. [5]

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Q3) Solve any one. [10]

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a) Explain the remedies for breach of contract under Contract Act 1872.[10]

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b) A purchase a car from B and uses it for some time. It turns out that the

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car sold by B to A was a stolen one and had to be returned to the

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rightful owner. A brings action against B for the return of the price. Will

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he succeed? Justify your answer. [10]

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Q4) Solve any one. [10]
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a) Explain any five rights of consumer under the consumer Protection Act
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1986? [10]
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b) Define company and explain the provision of Ultra virus under the
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company act 2015. [10]
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Q5) Solve any one. [10]
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a) What are the rights and responsibilities of seller in case of part delivery
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and wrong delivery of goods? [10]

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b) What is meant by maturity of a Bill of Exchange or Promissory Note?

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Calculate the date of maturity of the following bills of exchange explaining

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the relevant rules relating to determination of the date of maturity as
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provided in the Negotiable Instruments Act, 1881: [10]
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A Bill of Exchange dated 31st August, 2007 is made payable three
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i)
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months after date.

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ii) A Bill of Exchange drawn on 15th October, 2007 is payable twenty

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days after sight and the bill is presented for acceptance on 31st
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October, 2007.
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