Jawaharlal Nehru Technological University Hyderabad 2010-1st Sem M.B.A -ester Supplementary s BUSINESS LAW AND REGULATION - Question Paper

JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
MBA-I Semester Supplementary exams July 2010
BUSINESS legal regulations AND REGULATION
Time: 3hours Max.Marks:60
ans any 5 ques.
All ques. carry equal Marks
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1. "An acceptance to be effective must be communicated to the officer" Are there
any exceptions to this rule?
2. When is time deemed to be essence of the contract in the performance of
contracts? explain.
3. elaborate the remedies available to the buyer when goods in wrong volume are
delivered to him?
4. "The sharing of profits is only a prime facie evidence of partnership" Examine the
statement.
5. What do you mean by Indorsement? define the various kinds of indorsements
under the Negotiable Instruments Act. provide examples.
6. What is a Statutory Meeting? discuss the contents of the Statutory Report. Also
state the consequency of not holding a Statutory Meeting.
7. Write a detailed note on different allowances chargeable under the head "Income
from Salaries".
8. explain the different rules involved in interpretation of Central Excise Tariff, in
detail.
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R07

Earning:   Approval pending.