University of Delhi 2009 L.LB General Ll.biii lb - 3031 - Question Paper
[This question paper contains 6 printed pages.]
1219 Your Roll No...............
3fpb,*if4>.........
LL.B.
--- j
III Term Paper LB-3031 BUSINESS ASSOCIATION - I
Time: 3 Hours Maximum Marks : 100
W ; 3 Wit wih? : 100
(Write your Roll No. on the top immediately on receipt of this question paper.)
W W dfFi7 ])
Note Answers may be written either in English or in Hindi; but the same medium should be used throughout the paper.
W TTFF7W W . 3r7T VT /%# VfW
ttlfjiyj jt/<} ffl&Ff iffy &t,rff Vlfffy I
Attempt five questions including Q. No. 1 which is compulsory.
All questions carry equal marks.
3lPiqt4 fb *if<=b 1 ftfBrf cgcf /
Hfi) dffiT WW I
P.T.O.
J Attempt briefly any four of the following and discuss k case law wherever necessary.
(jlDistingiiish between partnership and Co-ownership. J>) Rights of an outgoing partner to carry on any competing business.
(c) Property thrown into the common stock of the K firm.
A partner shall not carry any other business than that of the firm while he is a partner. .
(e) How does a Limited Liability Partnership differ from a Company ?
Mlk % % cIT? 7% 'JtR rPTT W
(r) i
I
(T) PFT 'ih % allPirT I
(tr) ffcFT
3?RIT 3 <*4 <3 til 4 fi?t 'Sifrlf I () fr t ?
What factors led to the passing of the Limited Liability Partnership Act of 2008 ? Briefly discuss the salient provisions of the Act.
fT 3TfirfT, 2008
cT f7T W s?T ? TOT 3Tflrfr *3*?
y (afi/'Partnership involves a contract between the \ partners to engage in a business with a view of sharing profits. Discuss.
QjV'A entered into an agreement with B to appoint B las his agent to look after his business. B would apply the whole or such part of his time and attention to the business as may be required for conducting the same. He would be paid a salary of Rs. 4000/- p.m. It was further provided that B would receive 1 /6th of the share of profits but will not participate further in the profits. Does the agreement constitute a partnership between A&B? Discuss.
TrT "gt# t I
f I
) A % B sRt SiRi
'ter I B # qqw
% 3{z&[ TO 3rtfRT W rPTT rt-nH'l TIT I T3% 4000/- "W xfd-HRt fTT 1
Tff # K B rtnft 3 <5 <41
HTMf % 3k iWf rff.faTT I cpfl RR A 3 B Ilf ?.13Fr
I
P.T.O.
Discuss the rights and duties of partner towards each other as laid down in the Indian Partnership Act, 1932.
1219
4- w. $
M, a minor, was getting a share of the profits of a business commenced by A & B in partnership. The firm was dissolved before M attained majority.
a creditor of the firm, filed a suit against A, B
& M, after M had attained majority, for an amount due to him from the erstwhile firm. Discuss the liability of A, B & M;
.WitaKl % 3rfcf
1932 drftRpRf I
A B -m 7R $
()
% M 'STFf TfT *?! | M '1%
% ft Tjf | iprf C
M de<?>iei)*1 T? %
A, B M tRTT i A,
"51 I
Examine the scope of'the doctrine of Holding out as provided in Section 28 of the Indian Partnership Act, 1932. A 0) (Ux 1
A firm consisting of two partners A & B has retained by C to buy and sell cloth for him on ommission. C left some money with the said firm for that purpose. A, the active partner of the firm rendered false account of the sale and purchase to C and misappropriated the money. Is the firm liable ?
() 3Tfi}m, 1932 WRT 28 3f ?m
WIH tefFT ifT WT 1
(f) it MI#?Rt' A xTT B % PlH=b< F% C RT - #sh w fen? ferr
7RIT I C % cfrTT 5H fcjj Tfftr 3tF c TO #3
f%sqr iTR-ffm t to TT T3*T TfF T j|fffT cftf fTT I W t ?
(a) Can a suit for dissolution of a firm be brought by a person who is not a partner in the firm on any of the grounds laid down under Section 44 of the Indian Partnership Act, 1932 ?
(b) Under what circumstances just and equitable ground be involved for the dissolution of the firm.
(r) *trc3tzr *rnfai% arfuf-m, 1932 %m 44
5fTSJR TR WX SRT,
sjpfteR *T <<i; fo<4i
"HT ?
() RmCI 'TFRRTcT cTIT
CfHyf' 3TTOR 3TT fWT -olldt ?
What are the effects of non-registration of partnership , firm? Whether a suit filed by an unregistered firm gets validity on registration during the pendency of the suit. Dis
X
$kfclfd)<d t&A 1RT tfiTfr H(ld "&
kpT 3c| <fHrie*j<U| tp; #ftJJTHTcrr TT# f- ? 1(vj1 I
8. (a) What are the essentials of Ratification and what is its effect ?
(b) X h@lds a lease from Y, terminable on 2 months notice, Z an unauthorised person gives notice of termination to X and requires him to deliver the leasehold land to Y, failing which damages will be claimed.
Y wants to satisfy the act of Z, since X failed to deliver the leasehold land to Y after notice of termination of lease. Discuss.
("3T) '3T' TT st 1?' 37
*rc: 11 z ww
X # t ark rf% Y
<*>6rfT I tT* T fWT
i
wh TrM tgitnfcr
11 i
(1500)****
|
Attachment: |
| Earning: Approval pending. |
