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

Questions asked in this paper

• 2. Figures to the right indicate the maximum marks assigned

1. Q1 A. Fill in the blanks (Any 8) 8 marks
   • i. Contract which is already performed is called contract
   • ii. property can be liable for
   • iv. Silence by itself will not amount to
   • v. from the definition of consumer
   • vi. Agreement against public policy are
   • vii. Although company is an artificial person it is not regarded as vill. company cannot issue a prospectus
   • ix. Cheque does not by the drawee
   • x. | Agreement with an unsound mind is
2. Q1 B. State whether True or False (any 7) 7 marks
   • ii. Noconsent no contract uli. A private company does not require articles of association Resale is one of the remedies of unpaid seller
   • v. ambiguous instrument is an instrument which may be construed as a Promissory Note or Bills of Exchange
   • vi. Omission of date will invalidate the instrument vil. The Chairman of the District council is the collector Copy of the minutes must be furnished within 10 days of requisition
   • ix. Under the Consumer Protection Act the complaint must be in oral EGM must be held within 45 days from the date of deposit of requisition
3. Q2 Answer the following:
   • a) Distinction between Agreement and Contract. 8
   • b) Define Acceptance. What are the essential rules regarding Acceptance? 7
   • a) Briefly explain the implied conditions and implied warranties in a Contract of Sale. 8
   • b) Who is an unpaid seller? What are his rights against the buyer? 7
4. Q3 Answer the following:
   • a) Explain void agreement and voidable contract in detail. Give an example each. 8
   • b) Define Negotiable Instrument. What are the essentials of a Negotiable instruments? 7
   • a) Discuss the features of a Promissory Note? 8
   • b) Explain the various councils under Consumer Protection Act, 1986 in brief. 7
5. Q4 Answer the following:
   • a) Distinguish between Public Company and Private Company. 8
   • b) State the different kinds of meetings for a company. Explain any one. 7
   • a) Explain Doctrine of Indoor Management. 8
   • b) State the advantages and disadvantages of Incorporation of a Company. 7
6. Q5 Answer the following:
   • a) What is a Trade Mark? Explain the types of Trade Mark. 8
   • b) What is Patent and what is not patentable? 7
7. Q5 Short Note (Any 3). 15 marks
   • a. Doctrine of Constructive Notice
   • b. Special Resolution
   • c. Dishonour of a cheque under section 138 of Negotiable Instrument
   • d. Abridged Prospectus
   • e. Voting by Postal Ballot

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