Jawaharlal Nehru Technological University Hyderabad 2012-1st Sem M.B.A Business Law Regulation[MA105], s,/- - Question Paper
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Code No: MA105
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD MBA - I Semester Examinations, February / March -2012 BUSINESS LAW AND REGULATION Time: 3hours Max. Marks: 60
Answer any five questions All questions carry equal marks
1.a) What do you mean by privity of Contract and Privity of consideration?
b) Explain the statement Acceptance should be made before offer lapses.
2.a) What are the essential requisites of a valid tender of performance? Under what circumstances a contract need not be performed?
b) What are Unlawful and Illegal Agreements?
3.a) Distinguish between contract of indemnity and a contract of guarantee.
b) Explain clearly the meaning of agency by ratification. What are the essentials of a valid ratification?
4.a) Discuss the rules relating to the rights, duties and obligations of partners inter se.
b) Explain the process of dissolution of partnership.
5.a) Why are bills of exchange, promissory notes and cheques called negotiable instruments?
b) Discuss the Various types of endorsements.
6. Explain the characteristics of a Private Limited Company. Explain the procedure for incorporation of a Private Limited Company.
7.a) Explain the important provisions of Income Tax Act.
b) State the law relating to deduction of tax at source.
8. Write Short notes on the following:
a) VAT
b) Inter State Sale
c) Sale and Purchase in the course of Import and Export.
d) Central Excise Tax
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