All India Management Association (AIMA) 2007 M.B.A Marketing Management Business Law - II - Question Paper

• Matrimonial matters and matters connected with conjugal rights.
• Industrial Disputes and Revenue matters.
• Testamentary Matters under the Succession Act.
• Insolvency, Dissolution and Winding-up Proceedings under Companies Act.
• Criminal Proceedings.
• Matters under Indian Trust Act, Trusteeship of Charitable Institutions, Public charity, matters falling within the purview of Monopolies and Restrictive Trade Practices Act.
• Determination of guardianship or Wards. < TOP >
16. B The release of unwanted chemicals and substances into the water, decreasing the water quality is called as water pollution.
Therefore, in the provided instance, the company is liable for causing water pollution as the quality of ground water has reduced. Hence, choice ‘B’ is accurate ans. < TOP >
17. C Section 12 of the info Technology Act, 2000 states that if the originator stipulates that electronic record shall be binding on receipt of the acknowledgement of the record, it is binding only on the receipt of acknowledgement by the originator.
Therefore, in the provided instance, the contract can be enforced only after receipt of acknowledgement by Sarabjeet who is the originator of the contract. Hence, choice ‘C’ is accurate ans. < TOP >
18. D A contract of marine insurance is an agreement whereby the insurer undertakes to indemnify the assured, in the manner and to the extent thereby agreed, against marine losses, that is to say, the losses incidental to marine adventure. It also includes liability to a 3rd party incurred by the owner of the ship or other person interested in the property assured on happening of the maritime event. This maritime peril or event of risk is consequent on, or incidental to, the navigation of the sea, that is to say perils of the seas, fire, war perils, pirates, rovers, thieves, captures, seizures, restraints and detainments of princes and peoples, jettisons, barratry and any other perils which are either of the like type or may be designated by the policy.
Therefore, in the provided instance, a claim can be filed in respect of the loss of cargo of MV Kalyanee as it is deemed to have sunk by action on the part of enemy in having sunk MV Rajani. Hence, choice ‘D’ is accurate ans. < TOP >
19. B When 1 person signs and delivers to another, a stamped instrument which is either wholly blank or incomplete, he thereby provide a prima facie authority to the holder thereof to make or complete, as the case may be, upon it a negotiable instrument, for any amount specified therein, and not exceeding the amount, covered by the stamp. Therefore, Chinmay can recover the amount from Ananth as Chinmay being the holder in due course but the stamp affixed must permit the amount. Hence, choice ‘B’ is accurate ans. < TOP >

Earning:   Approval pending.