BUSINESS LAW-KANNUR UNIVERSITY

III Semester M.B.A (CBSS) Degree (Regular) Examination, January 2016
                           MBA3C16 : BUSINESS LAW

                                                 SECTION-A
Answer two questions in this Section. Each question carries 13 marks.

1. a) What are the different types of contracts ? Explain the essentials of a valid
        contract.
                                           OR
     b) Bring out the rights and  duties of a seller and a buyer under sale of
         Goods Act,1930.
2. a) Elaborate the legal requirement for the formations of a joint stock company
        under Companies Act,2013.
                                           OR
    b) Which are the consumer redressal forums available under Consumer
        Protection Act,1986 ? Explain with their jurisdiction and obligations.

                                                SECTION-B
Answer any six questions. Each question carries 9 marks. (1 mark for Part (a),
3 marks for Part (b) and 5 marks for Part (c).

3.  a) What is agreement ?
     b) Distinguish between void agreement and voidable contract.
     c) Explain the legal rules of a valid acceptance.
4.  a) Define the term 'Capacity to contract'.
     b) What are the rules regarding minor's agreement ?
    c) State the legal disability of a person arising on the ground of status as imposed
       by law.
5.  a) What is mean by consent to a contract ?
     b) What are the characteristics of coercion ?
     c) Can a person whose consent is caused by fraud claim damages under India
        Law ? Justify.
6. a) Define the term 'Warranty'.
    b) Explain the rule of 'Caveat emptor'.
    c) When does an agreement to sell ripen in to sale ? Explain.
7.  a) Who is a 'Holder in due course' ?
     b) When can the payment of a cheque be refused by a bank ?
     c) Distinguish between cheque and bill of exchange.
8. a)  Define  Articles of association .
    b)Distinguish between memorandum and Articles of Association.
    c)Explain the rule doctrine of ultra-vires in relation to companies.
9. a)What are the rights of consumers ?
    b) Explain the scope of remedies under consumer Protection Act.
    c) Write a note on  National Consumer Disputes Redressal Commission