Bachelor Of Management Studies (BMS) SEM I 2018 19 Nov 2018-19 S BUS. LAW Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 A. Fill in the blanks (Any 8) 8 marks
   • 1. A person making proposal is called
   • 2. Age limit for making contract is 2
   • 4. In Hire Purchase, the payment is made in ‘
   • 5. company maximum number of person is
   • 6. A third party to the contract is a to a contract, thus cannot sue
   • 7. There kinds of resolutions that may be passed by a company
   • 8. For trees protection under plant varieties is granted years
   • 9. Patent is granted years
   • 10. Negotiable Instrument must be
   • B. State whether True or False: (Any 7) 7
   • 2. Repudiation of a contract means to cancel the contract
   • 3. Goods bought on trial basis are considered to be sale
   • 4. An ambiguous instrument is an instrument which may be construed as a Promissory Note or Bill of Exchange
   • 5. A private company does not require articles of association
   • 6. Under the Consumer Protection Act the complaint must be in oral
   • 7. Copy of the minutes must be furnished within 14 days of requisition
   • 8. Object Clause can be amended without resolution
   • 9. In contract of sale, Money is consideration
   • 10. Resale is one of the remedies of unpaid seller
2. Q2 Answer the following:
   • a. Define contract. What are the essentials of valid contract? 8
   • b. Define Consideration. What are the essential rules for consideration? 7
   • a. Briefly explain the implied conditions and implied warranties in a Contract of Sale
   • b. Who is an unpaid seller? What are his rights against the buyer? on
3. Q3 Answer the following:
   • a. Distinguish between Cheque and Bill of Exchange. 8
   • b. State the different modes of discharge by impossibility of performance? 7
   • a. Discuss the essential characteristics of a Promissory Note? 8
   • b. Explain the various councils under Consumer Protection Act, 1986. 7
4. Q4 Answer the following:
   • a. Define company. What are the features of a company? 8
   • b. Explain in detail Doctrine of Constructive Notice. Are there any exceptions to the
   • a. Who is amember? Who can become a member of a company? 8
   • b. What is Quorum? State the provisions as per Companies Act. 7
5. Q5 Answer the following:
   • a. Explain the nature of Intellectual Property Right 8
   • b. Explain Copyright as per Intellectual Property Rights. 7
6. Q5 Short note (Any 3): 15 marks
   • a. Doctrine of Indoor Management
   • b. Plant varieties
   • c. Caveat Emptor
   • d. Classification of good
   • e. Dishonour of a cheque under section 138 of Negotiable Instrument

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