DISTANCE EDUCATION
M.B.A. DEGREE EXAMINATION, MAY 2018.
First Semester
BUSINESS LAWS
(Upto 2012-13 Academic Year and 2013 Calendar Year)
Time Three hours Maximum 100 marks
SECTION A — x 8 40 marks)
Answer any FIVE questions.
All questions carry equal marks.
1. Describe the features of a Wagering agreement.
2. Mention the situations under which an agency can be
terminated.
3. State the doctrine of 'Caveat Emptor' and the exceptions
to it.
4. Explain the essential features of contract of sale.
5. List out the circumstances under which a court of law can
order for dissolution of a partnership firm.
6. What are the rights and liabilities of a minor
participating in a partnership firm?
7. Define 'the contract of marine insurance'. What are the
essential features of such a contract?
8. Discuss the role of Consumer Protection Councils
functioning in India.
Sub. Code
SECTION B — x 15 60 marks)
Answer any FOUR questions.
All questions carry equal marks.
9. Discuss the various remedies available for breach of
contract.
10. Describe the various modes by which a contract may be
discharged.
11. Who is an unpaid seller? What are the rights and
responsibilities of an unpaid seller?
12. Who is an agent? Who can appoint an agent? What is the
authority of an agent?
13. Describe the procedure to make a formal claim under a
fire policy.
14. Discuss the rights, duties and liabilities of partners in a
partnership firm.
15. What is a statutory meeting? What is a statutory report
and what are its contents?
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