1. JOSEPH COLLEGE OF COMMERCE (Autonomous)

END SEMESTER EXAMINATION – MARCH/APRIL 2014

BBM – IV Semester

BUSINESS LAW

Duration : 3 hrs                                                                                                  Max. Marks: 100

Section – A

 

1. I) Answer ALL the following questions of 2 marks each.                         (10×2=20)

 

1. Explain the term ‘Obiter dictum’
2. What is statement in lieu of prospectus?
3. Define Foreign Exchange as per FEMA Act 1999.
4. Define consumer dispute as per COPRA 1986.
5. Who is a True and First inventor as per Patents Act 1970?
6. What is the meaning of Consensus ad idem?
7. What is meant by  i) Novation    ii)  Remission ?
8. What is anticipatory breach of contract?
9. Define a Government Company as per Indian  Companies Act.
10.  P says to Q, “I will sell you a camera”. P owns three different types of cameras    

of various prices. Is it a valid offer? Give reason.

 

Section – B

 

1. II) Answer any FOUR Each carries 5 marks.                                     (4×5=20)

 

11. Write a note on the contents of the Memorandum of Association.
12. Distinguish between coercion and undue influence.
13. What are the objectives of Consumer protection Act 1986?
14. Distinguish between a sale and agreement to sell.
15. Examine the salient features of the Foreign Exchange Management Act?
16. Explain the various sources of Indian Business Law.

 

 

 

 

Section – C

 

III) Answer any THREE   questions. Each carries 15 marks.                               (3×15=45)

 

17. “A contract shall not be enforced if the court regards it as opposed to public policy” Discuss.
18. Briefly explain the various steps involved in the formation of a company.
19. AMUL Milk Federation has developed a process for large scale conversion of milk. How can the patent be obtained? Explain.
20. Who is an Unpaid Seller? What are the rights of an Unpaid Seller? Explain.
21. “If a contract is broken, the law will endeavour so far as money can do it, to place the injured party in the same position as if the contract has been performed” Discuss.

Section-D

 

1. IV) Compulsory question – Case study.     (1×15=15)

 

22. Mr. Amanullah, bought a IFB Washing machine for Rs. 25,000 in Jan 2013 from

R.S. Enterprises, Bangalore, authorized dealers of the company. The machine

started giving trouble right from the time of its installation, and on  12^th Feb

2013, it started to burn leading to a major fire.

Executives and loss assessors sent by the manufacturer inspected the

damage and estimated the total loss at Rs. 90,000.

However, IFB rejected the claim for compensation on the ground that

there was no manufacturing defect. They also contended that the wiring system

in the complainant’s house was defective.

But Mr. Amanullah was using a number of consumer durables such as

water heater and air-conditioner for many years and they were working

properly.

 

Questions :

 

1. What can Mr. Amanullah do? Where can he file a complaint?
2. How can he file a complaint and what reliefs are available to him?
3. What are the functions of Consumer Protection Councils?

 

 

Latest Govt Job & Exam Updates:

View Full List ...