Ranchi University 2009 M.B.A Business legislation CP (303) - Question Paper

Full marks: 70 Time: three hours

Candidates are needed to provide their answers in their own word as far as practicable

The ques. are of equal value.

ans any 5 ques. including Q. No. one which is compulsory.

1. 'A' is aged 17 years. He enters into an agreement with 'B' for hiring out certain machinery
belongings to 'B'. After the agreement was signed, 'A' backs out of the agreement and 'B' wants
to enforce the identical. explain with reasons whether 'B" will succeed or not?

2. discuss the term, "Consideration" and state the exceptions to the rule. "No consideration, no
contract".

3. discuss the nature of contract of sale of goods and bring out clearly the distinction ranging from
sale and agreement to sale.

4. What is a cheque? How does it differ from a bill of exchange?

5. describe a holder in due course of a negotiable instrument. elaborate the privileges under
Negotiable instruments Act?

6. Write the distinction ranging from articles of association and memorandum of association?

7. What is the function of the state consumer protection council?

8. Insurance contracts are basically wagering agreements. Comment.

9. What are the statutory restrictions on the appointment of the auditors of a company?

10. Distinguish ranging from sale and higher purchase agreement.

Earning:   Approval pending.