Punjab Technical University 2007-3rd Sem M.B.A - CORPORATE LEGAL ENVIRONMENT - Question Paper

1035
MB 302
CORPORATE LEGAL ENVIRONMENT
MBA- 3rd /4th Semester (2096)

Time: three Hours Max Marks:75

Note: ques. paper consists of Part –A and Part –B. Part A is compulsory. Attempt any 9 ques. of five marks every from Part- B.

Part A (15x2=30)

1. Write short notes on the subsequent :
(i) A contract shall not be enforced if the court regards it is opposed to public policy?
(ii) Distinguish ranging from offer and invitation to offer.
(iii) A stranger to contract cannot sue. discuss.
(iv) What is meant by anticipatory breach of contract?
(v) Distinguish ranging from sale and Agreement to sell.
(vi) Under what circumstances can a breach of condition be treated as a breach of warranty.
(vii) When does property pass in case of unascertained goods under contract of sale?
(viii) Who are the parties to a Negotiable instrument?
(ix) What is meant by Noting and protesting?
(x) Is a contract of Insurance a wager? discuss.
(xi) Explain Bill of lading.
(xii) What is meant by perpetual succession.
(xiii) Differentiate ranging from pre-incorporation contracts and provisional contracts.
(xiv) When Extra ordinary General meeting is to be convened?
(xv) Differentiate ranging from Direct taxes and Indirect taxes.

Part – B
Attempt any 9 ques. of five marks every.
2. ‘No consideration, No contract’. discuss.
3. How damages are measured in case of breach of contract? discuss its kinds.
4. Explain the rules regarding ascertainment of price in a contract of sale.
5. “The right of stoppage in transit is an extension of the right of lien”. Comment.
6. Define a promissory Note. Distinguish it from a Bill of exchange.
7. What are the rules for determining the amount of compensation payable in case of dishonour of Negotiable instrument?
8. Discuss the doctrine of contribution in relation to life and marine insurance.
9. Explain the rights and duties of common carriers.
10. Define company. Mention its main features.
11. Enumerate steps to be taken by the promoters for the formation of company.
12. What are the objects of holding an Annual General Meeting of a company? Who may call it?
13. Who is an Agent? discuss various kinds of mercantile Agents.

Earning:   Approval pending.