M.B.A-M.B.A 1st Sem 105 : LEGAL ASPECT OF BUSINESS(University of Pune, Pune-2013)

105 : LEGAL ASPECT OF BUSINESS

(2008 Pattern)

Time : 3 Hours]                                                                                                     [Max. Marks : 70

Instructions to the candiates :

1)      Answer any five questions.

2)      All questions carry equal marks.

Q1) Define contract. What are the elements of a valid contract.

Q2) Explain the remedies for a breach of contract.

Q3) What are the essentials of a contract of agency?

Q4) State the essentials of a contract of sale under the sale of goods act.

Q5) Who is an ‘unpaid seller’? Explain the rules for exercising the right of lien by

an unpaid seller.

Q6) State the duties of an agent to his principal.

Q7) Write short notes on any Two :

a) Promissory note.

b) Trade mark & copyright.

c) Consumer.

d) Article of Association.

Earning:  ₹ 7.50/-