Bachelor Of Management Studies (BMS) SEM I 2023 2024 Dec 2024 BUSINESS LAW Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 a. Fill in the blanks: (Any 8) 8 mks
   • 1.The person making the offer is called as ‘
   • 2. Consideration can be past, present or ‘
   • 3. Copyright is granted years
   • 4. Incase of means the consumer has a right of
   • 5. A mistake can be unilateral or ‘
   • 6. A negotiable instrument must be in
   • 7. A person who buys or agrees to buy is known as
   • 8. Incase of public company minimum number of members required is
   • 9. Defect is imperfection with reference to
   • 10. A condition can be treated as
2. Q1 b. True or False: (Any 7) 7 mks
   • 2. Repudiation of a contract means to cancel the contract
   • 3. Goods bought on trial basis are considered to be sale
   • 4. A private company does not require articles of association
   • 5. Under the Consumer Protection Act the complaint must be in oral
   • 6. Incase of one person company minimum number required is 1
   • 7. Acceptance cannot be implied
   • 8. CA is a collective mark
   • 9. Defect is imperfection with reference to goods
   • 10. A promissory note is an unconditional promise to pay
3. Q2 a. Explain the different types of an offer 8 marks
   • v. Distinguish between Sale and Agreement to Sell. 7
4. Q2 c. Explain the essentials of a valid Contract of sale. 8 marks
   • d. Define Consideration. State the different types of consideration VCD__ FYBMS SEMESTER I BUSINESS LAW 21/2 HOURS 75 MARKS 7
5. Q3 a. Define negotiable instrument. Explain the essential characteristics of a negotiable
   • b. Explain the Consumer Protection Act in detail Explain in detail the term Unfair trade practice under Consumer Protection Act. (7) 7
   • d. Define Cheque. What are the characteristics? 8
6. Q4 a Define Company. What are its Characteristics? 8 marks
   • b. Define meeting. Explain the different kinds of meetings. 7
7. Q4 c What is a Trademark? Explain the different types of Trademark. 8 marks
   • d. Explain Patent in brief as per Intellectual Property Rights
8. Q5 Short Notes: (Any 3) 15 mks
   • a. Void Agreement
   • c. Defects & Deficiency
   • d. Memorandum of Association
   • e. Geographical Indication
9. Q5 Explain the different modes of Discharge of a contract. 15 mks

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