Jawaharlal Nehru Technological University Hyderabad 2011-1st Sem M.B.A Code No: MA105 -s, BUSINESS LAW AND REGULATIONS - Question Paper

Time: 3hours Max. Marks: 60
ans any 5 ques.
All ques. carry equal marks
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1. define the essentials of a valid contract. When does an agreement
become void.

2. What remedies are available to an aggrieved party on the breach of a
contract?

3. What is a contract of agency? elaborate the essentials of relationship of
agency?

4. elaborate the different circumstances in which a firm may be dissolved?
Upon dissolution, how are the accounts settled?

5. What is an endorsement? elaborate the various kinds of endorsements?

6. discuss a Public Limited Company. discuss the procedure for
Incorporation of a Public Limited Company.
7. explain the provisions of the Income-tax Act in regard to payment of
advance tax.

8. discuss the provisions of Sec three (1) with regards to basic concepts of
Central Excise Act, 1944. What is excisable goods?

Earning:   Approval pending.