Fall 2010

Master of Business Administration – MBA Semester 3

MB0035 – Legal Aspects of Business - 3 Credits

(Book ID: B0764)

Assignment Set- 1
60 Marks

Note: Each question carries 10 Marks. Answer all the questions.

Q.1 What do you mean by free consent? Under what circumstances consent is considered
as free? Explain. [10 marks]

Q.2 Define negotiable instrument. What are its features and characteristics? Which are the
different types of negotiable instruments? If Mr. A is the holder of a negotiable
instrument, under what situations
i. Will he be the Holder in due course?
ii. He has the right to discharge?
iii. He can make indorsements? [10 marks]

Q.3. a. Distinguish between guarantee and indemnity. [5 marks]

b. Give a short note on Rights of Surety. [5 marks]

Q.4. a. Mention the remedies for breach of contract. How will the injured party claim it? [8
marks]
b. What is the difference between anticipatory and actual breach? [2 marks]

Q. 5 a. Explain the term Privity of contract. [3 marks]

b. Define a company? What are the features of Joint Stock Company? [7 marks]

Q. 6. Om is enrolled in a managerial course. He has to write an assignment on company

management and various types of meetings that a company holds. You are asked to
help him in preparing the assignment. [10 marks]
 Fall 2010

Master of Business Administration - MBA Semester 3

MB0035 – Legal Aspects of Business - 3 Credits

(Book ID: B0764)

Assignment Set- 2
60 Marks

Note: Each question carries 10 Marks. Answer all the questions.

Q.1 a. What is an arbitration agreement? Discuss its essentials. [8 marks]

b. What do you mean by mediation? [2 marks]

Q.2 a. What kinds of rights are considerable under consumer rights? [5 marks]
b. Distinguish between Memorandum of Association and Articles of Association. [6
marks]

Q.3 a. Identify the types of evidence which are relied upon by complainants to establish
defect in product. [3 marks]
b. Write a short note on Unfair trade practices and Restrictive trade practice. [7 marks]

Q.4. Present a detail note on Shops and Establishment Act. [10 marks]

Q. 5 a. What is a cyber crime? What are the categories of cyber crime? [8 marks]
b. Mention the provisions covered under IT Act? [2 marks]

Q. 6 Ishaan is a fresher and recently is appointed as a part-time employee in Consumer

Redressal Dispute Agency. As his superior, how will you guide him regarding the
redressal forums, the nature of making complaints and the working of the agency?