St. Joseph’s college of Commerce (AUTONOMOUS)
END SEMESTER EXAMINATION – march / APRIL 2016
| B.B.M. – IV SEMESTER | ||
| M1 11 403: BUSINESS LAW | ||
| Duration: 3 Hours Max. Marks: 100 | ||
| SECTION – A | ||
| I) | Answer ALL the questions. Each carries 2 marks. (10×2=20) | |
| 1. | Write short notes on jurisprudence. | |
| 2. | What is Business Law? | |
| 3. | Define the term “consideration”. | |
| 4. | What is meant by free consent? | |
| 5. | Differentiate between sale and agreement to sell. | |
| 6. | List out four intellectual properties. | |
| 7. | Define “deficiency”. | |
| 8. | What are the objectives of COPRA? | |
| 9. | Differentiate between FERA and FEMA. | |
| 10. | State the purpose of certificate of commencement of business. | |
| SECTION – B | ||
| II) | Answer any FOUR questions. Each carries 5 marks. (4×5=20) | |
| 11. | Explain the exceptions to the rule “No consideration, No contract”. | |
| 12. | Describe the essentials of valid contract as per the Indian Contract Act 1872. | |
| 13. | Differentiate between conditions and warranties. | |
| 14. | Who is known as the true and first inventor? Briefly explain the rights of a Patentee. | |
| 15. | Give an account of consumer redressal agencies. | |
| 16. | Differentiate between Memorandum and Articles of Association. | |
| SECTION – C | ||
| III) | Answer any THREE questions. Each carries 15 marks. (3×15=45) | |
| 17. | (a) Give an account of classification of law and explain.
(b) Briefly explain the sources of Indian Business Law (8+7) |
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| 18. | Elaborately discuss the various ways in which a contract may be discharged with suitable illustrations. | |
| 19. | Explain the term ‘Offer’. Examine the essentials of a valid offer. | |
| 20. | Enumerate the scope and salient features of FEMA 1999. | |
| 21. | Classify and explain the different kinds of company. | |
| SECTION – D | ||
| IV) | Case Study – Answer any FIVE of the following (5×3=15) | |
| 22. | (a) A forced B to enter into a contract at the point of pistol. What remedy is available to B, if he does not want to be bound by the contract?
(b) A tells B in the course of a conversation with him that he will give Rs.100,000 to anyone who marries his daughter with his consent. B marries A’s daughter with A’s consent. Is he entitled to recover this amount? (c) A of Delhi orders B of Bombay to deliver certain goods to him at Delhi. B supplies the goods, but A delays to take the delivery. The Station Master of Delhi Railway Station informs A that the goods are lying at the station at “A’s risk”. Before taking delivery, A becomes insolvent. Can B recover the goods by stopping the goods in transit? (d) Mr. X is not a true and first inventor. However, Mr. X registered his product under the Patent Act 1970 and got patented. Will this sustain in future? (e) X & Co. Ltd. organized board meeting on 4th March 2016. During the meeting, due to the terrorist attack, all the board of directors died due to the bomb blast. Does the company exist? How? f) X. sees a book displayed in a shelf of a book shop with a price tag of Rs. 85/- X tenders Rs.85/- on the counter and asks for the book. The bookseller refuses to sell saying that the book has already been sold to someone else and he does not have another copy of that book in the stock. Is the bookseller to sell the book to X? Substantiate.
g) A write to B, “at the risk of your own life, you saved me from a serious motor accident. I promise to pay you Rs.1,000/-. “A does not pay. Advice B as to his legal rights.
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