St.Joseph’s college of commerce (autonomous)

End semester examination – APRIL 2013

BBM – VI SEMESTER

BUSINESS LAW

Duration : 3 hours                                                                                                Marks: 100

 

SECTION – A

1. Answer ALL the following questions.                                                    (10 x 2 = 20)

 

1. Explain the Doctrine of Ultra Vires.’
2. Who is a ‘defendant’?
3. Distinguish between surrender and revocation of patents.
4. State two objectives of FEMA.
5. Define 1) Consumer 2) Deficiency as per the Consumer Protection Act of 1986.
6. State two differences between conditions and warranties.
7. What are the rights of a patentee?
8. A plumber accidentally installs a sprinkler system in the lawn of the wrong house. The owner of the house had learned the previous day that his neighbor was getting new sprinklers. That morning, he sees the plumber installing them in his own lawn. Pleased at the mistake, he says nothing, and then refuses to pay when the plumber hands him the bill. Will the man be held liable for payment?

9. What is meant by General Lien?
10. Explain the doctrine of ‘stare decisis”

 

SECTION –B

 

1. Answer any four from the following:                                              (4 X 5= 20)

 

11. “Impossibility of performance is a rule, not an excuse for non-performance of a contract.” Discuss.
12. What are the exceptions to the rule of ‘no consideration, no contract’?
13. What are some of the rights of an unpaid seller?
14. Distinguish between FERA and FEMA.
15. Discuss the doctrine of ‘caveat emptor’. State its exceptions.

 

          SECTION –C

 

• Answer any three of the following:                           (3X15=45)

 

16. Enumerate the sources of Indian Business Law.
17. What are the remedies available to an aggrieved party on the breach of a contract?

 

 

18. Discuss the procedure to be adopted by the District Forum on receipt of a complaint.
19. Define ‘Memorandum of Association’. What does it contain?
20. Define ‘Invention’. What are not considered to be ‘inventions’ as per the Patents Act, 1970?

 

          SECTION –D

IV)               Case Study   -Compulsory question.                                                       (5×3=15)

 

1. A offered to sell a stereo to B for Rs 15,000 but B was willing to pay Rs 10,000. A refused. B then offered Rs 15,000 which A refused. Was it a valid contract?

 

2. B, the purchaser of a car from A is compelled, after several months of purchase, to hand over the car to C, the real owner. What will be your advice to B?

 

3. Advise Asiatic Government Security Life Insurance Co Ltd, on whether it can seek an injunction against “The New Asiatic Insurance Co. Ltd” which was subsequently formed, restraining it from having in its name the word “Asiatic” on the ground that it has caused confusion and can deceive the public.

 

 

 

 

 

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