Punjab Technical University 2007-2nd Sem M.B.A (-) CORPORATE LEGAL ENVIRONMENT (MB-302) - Question Paper

CORPORATE LEGAL ENVIRONMENT (MB-302)

Time : 03 Hours Maximum Marks : 75
Instruction to Candidates:
1) part - A is compulsory.
2) Attempt any 9 ques. from part - B.

Section-A
Q1) [15 × two = 30]
a) Is a person bound by the terms printed on a ticket issued to him and
which he has not read?
b) explain how far agreements in restraint of trade are enforceable in India.
c) explain the effect of supervening impossibility on the performance of
contract.
d) discuss Exemplary damages.
e) describe Novation.
f) What do you understand by implied warranty of quiet possession.
g) What is meant by caveat emptor?
h) When goods are deemed to be in transit?
i) discuss Holder in due course.
j) elaborate the presumptions in respect of negotiable instrument?
k) Differentiate ranging from Reinsurance and Double insurance.
l) Distinction ranging from common carrier and private carrier.
m) What is meant by statutory company?
n) When 1st Annual General meeting is Convened in case of company?
o) Differentiate ranging from Direct and Indirect Laxes.


Section-B
[9 × five = 45]
Q2) What tests would you apply to ascertain an agreement is a contract or not?
Q3) Does a threat to commit suicide amount to coercion? What is its effect?
Q4) What is meant by Marking and Crossing of a Cheque? discuss various
kinds of crossing.
Q5) What is meant by dishonour by Non-acceptance and dishonour by Nonpayment?
Q6) “Once the possession of goods lost Right of lien is also lost.” discuss.
Q7) discuss contract of sale. State its essential characteristics.
Q8) What is a right of subrogation? Does the principle of subrogation apply
only to property Insurance?
Q9) explain the liabilities of a common carrier in India.
Q10) “A company is distinct from its members.” Justify.
Q11) “Certificate of incorporation is stated to be an conclusive evidence of existence
of company.” discuss.
Q12) “Statutory meeting is to be convened once during the life time of a
company.” discuss.
Q13) explain the main features of central excise.

Earning:   Approval pending.