Madras University (UnOM) 2008 M.B.A Business Administration Legal system in Business(IDE) - Question Paper
MAY 2008 P/ID 37506/PBAF
Maximum: 80 marks
PART A (5 x 5 25 marks)
Time: Three hours
Answer any FIVE questions. All questions carry equal marks.
1. Distinguish between void agreement and voidable contract.
2. What do you understand by performance of a contract?
3. Define the term warranty and explain implied warranties in a contract of sale.
4. What is a negotiable instrument? State its characteristics.
5. State the differences between a partnership firm and a company.
6. Discuss and explain the rule regarding wages to an employee who does two or more classes of work.
7. What arc the provisions of the Factories Act 1948 for the welfare of workers in a factory?
8. State the rules regarding paymont of contribution under the ESI Act.
PART B (4 x 10 = 40 marks)
Answer any POUR questions.
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All questions carry equal marks.
9. 'Define the term condition. Explain the implied conditions in a contract of sale as provided in the sale of goods act 1930.
10. What do you mean by crossing* on a chequc? Explain with suitable illustrations the various types of crossing.
11. What are the various kinds of company meetings? Slate tho provisions of the companies act in relation to such meetings.
12. What are the deductions which may be made from tho wages of employed persons?
13. What are tho conditions for the eligibility of bonus? When is an employee disqualified from receiving bonus?
14. What are the machinery set up in Lho Industrial Disputes Act 1947 for settlement of disputes? Explain.
PART C (l?>>aarks)
Compulsory.
15. Ramu, a minor, borrows Rs. 10,000 and fcxeculLs a pronote for the amount in favour of Somb. After attaining the majority, Ramu executes another proootev in settlement of the first pronote. Will Somu succeed in recovering money from Ramu? Give reasons in support of your answer.
3 P/I I) 3750G/PBAF
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