Jawaharlal Nehru Technological University Kakinada 2010-1st Sem M.B.A Subject Code: MA115 [R07] Supplementary s, BUSINESS LAW AND REGULATION - Question Paper

Time: three Hours

Max Marks: 60


ans any 5 ques. All ques. carry EQUAL marks



1. How can an offer be accepted? State the rules relating to the communication of acceptance.

2. If a contract is broken, the legal regulations endeavors, so far as money can do it, to place the injured
party in identical position as if the contract had been performed" comment

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

4. What is dissolution of a firm? In what various cases will the court orders dissolution of a
firm at the suit of a partner?

5. Write a short answers (a) Promissory Note
(b) Bill of exchange
(c) Cheque

6. provide the statutory provisions regarding the removal from the register of companies of
defunct companies.

7. define the assessment procedure in income tax act 1961 with example.

8. discuss the excisable goods and its classification in central excise tax

Earning:   Approval pending.