st. joseph’s college of commerce (autonomous)
end semester examination – march/april 2015
BBM – IV Semester
M111403: BUSINESS LAW
Duration: 3 Hours Max. Marks: 100
SECTION – A
I)	Answer ALL the questions. Each carries 2 marks. (10×2=20)
	1.	What are the Functions of Law?
	2.	Which are the Underlying Principles of Patents Law in India?
	3.	Describe ‘Cross Offers’.
	4.	As per the Companies Act, 1956, Table – A, B, C, D and E stands for:
	5.	Name any four relationships which raise presumption of undue influence.
	6.	What is’ Symbolic Delivery’?
	7.	Define ‘Deficiency’ as per Sec.2(1)(g) of COPRA, 1986.
	8.	Describe a ‘Defunct Company’.
	9.	What do you mean by the term ‘Obiter Dictum’?
	10.	What is the Scope of FEMA, 1999?
SECTION – B
II)	Answer any FOUR questions. Each carries 5 marks. (4×5=20)
	11.	Mr. Sudhama sent his servant to Mr. Lucky to trace his missing nephew. Later, when there was no trace of Mr.Lucky, Mr. Sudhama made an announcement of a reward. Meanwhile, Mr.Lucky who was unaware of the reward, got back home with Mr.Sudhama’s nephew. A dispute rose, kindly resolve this issue by detailing the legal rules as to an ‘Offer’.
	12.	Explain the essentials of a Contract of Sale, also highlight the different types of ‘Goods’ as per the Sale of Goods Act, 1930.
	13.	Elucidate the Objectives of Consumer Protection Act, 1986.
	14.	Discuss the classification of Law.
	15.	Analyze the similarities and differences between FERA and FEMA.
	16.	Draft a Memorandum of Association as per the requirements of Companies Act, 1956, for an imaginary company of your choice.
SECTION – C
III)	Answer any THREE questions. Each carries 15 marks. (3×15=45)
	17.	Mr. Raghuvaran, successfully completed the registration of his company, now he is in a position to raise capital for the same. As a consultant-cum-proterm Secretary to his company, guide Mr.Raghuvaran with the essential document to raise the capital, the various types that are available as per the Act and the contents of the same.
	18.	Discuss the various ways to Discharge a Contract.
	19.	Mr.Rahman, after years of research found a novel machine, which was a one-stop solution to people suffering from tooth decaying. As a friend of Mr.Rahman, help him understand the procedure to safeguard his invention, also explain the various rights that he shall enjoy and the duties that is part of the package.
	20.	Explain the various Express and Implied, Conditions and Warranties as per the Sale of Goods Act, 1930.
	21.	Elaborate on the procedure followed for resolving a dispute in a Consumer Forum, also explain findings of the forum.
SECTION – D
IV)	Case Study (1×15=15)
	22.	Mr. Grey Fello, a sixteen year old boy developed love towards billiards. He put in efforts to collect further information in regards to billiards and found that his passion for billiards also possesses a promising future. So, Mr.Grey Fello entered into a contract with Mr.Robert Yellow, a noted Billiards Player, to pay him a certain sum of money to learn the game and play matches with him during his world tour. Mr.Robert, made all the arrangements for Mr.Grey to learn the skill, by spending a lot of time, energy and money. Finally, the day arrived when Mr.Grey became a renowned Billard Player and disputed the payment due to Mr. Robert Yellow. The court held that, Mr.Grey Fello was liable to pay, as the agreement was one for necessaries as it was in effect “for teaching, instruction and employment, being a reasonable one, for the benefit of the infant”. Questions: a) In light of the above case, discuss the position of minor with regards to his agreements. b) If there is a strong protection wall created by law to safeguard the interest of minors, what is the remedy if there is supplies made towards minor’s necessities, services rendered or loans incurred towards necessities? (10+5)

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