Bachelor Of Management Studies (BMS) SEM I 2022 2023 Nov 2023 BUSINESS LAW Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 which is lawful will become a
2. Q2 A person who buys or agrees to buy is known as :
3. Q3 A Negotiable Instrument has to be in ;
4. Q4 Incase of unfair means, the consumer has the right of
5. Q5 Incase of a private company minimum number of persons
6. Q6 Geographical indication is granted for years
7. Q9 Incase of unfair means, the consumer has the right of 10.Consideration may be past, present or
   • b. True or False: (Any 7) 7
8. Q1 A person with unsound mind can never enter into a contract
9. Q2 The Sale of Goods Act is of 1923
10. Q3 Voluntary transfer of possession from one person to another is called Delivery
11. Q4 A person accepting the offer is called as offeree
12. Q5 A promissory note is an unconditional promise to pay
13. Q6 Minimum number of persons required to form a public company is 7 marks
14. Q7 Free services are not involved in the definition of consumer
15. Q8 A gap between 2 AGM cannot exceed 12 months
16. Q9 Prospectus is not required in case of private company 10.Patent is granted for 20 years
17. Q2 Answer the following:
    • a. Explain the concept of Free Consent in detail. 8
    • b. Distinguish between *Agreement’ and ‘Contract’ 7
    • c. Define Offer. Explain the legal rules regarding offer? 8
    • d. Explain the essential characteristics of a Contract of Sale. 7
18. Q3 Answer the following:
    • a. What are the characteristics of a Promissory note? 8
    • b. Who is a Consumer? Explain the various unfair trade practices in detail. 7
    • c.Explain the characteristics of a Negotiable Instrument. 8
    • d.Explain the reasons for enacting consumer protection act. FYBMS SEMESTER IBUSINESS LAW 21\2 HRS 75 -MARKS 7
19. Q4 Answer the following:
    • a. [Explain the advantages of a company. 8
    • b. What is Memorandum of Association? Explain the different clauses of MOA. 7
    • c. What is prospectus? Explain the legal requirements of prospectus. 8
    • d. Who is a member? Explain the rights and liabilities of a member 7
20. Q5 Answer the following:
    • a. Explain Intellectual Property Right (IPR) in brief. 8
    • b. Explain Geographical Indication in detail 7
21. Q5 Short Note (Any 3). 15 marks
    • a. Classification of goods
    • b. Copyright
    • c. Cheque }
    • d. Doctrine of Caveat Emptor
    • e. Defects & Deficiency

Read from the scan above, so a character or two may differ. The scan is the original.