DISTANCE EDUCATION
M.B.A. DEGREE EXAMINATION, MAY 2017.
First Semester
BUSINESS LAWS
(Upto 2012-13 Academic Year and 2013 Calendar Year)
Time Three hours Maximum 100 marks
SECTION A — 8 40 marks)
Answer any FIVE questions.
All questions carry equal marks.
1. Mention the persons who are incompetent to enter into a
contract.
2. Is a contract without consideration valid? What are its
exceptions?
3. Differentiate between sale and agreement to sell.
4. How does a general lien differ from a particular lien?
5. Must a firm be registered? What are the consequences of
non-registration of a firm?
6. Explain the provisions regarding conduct of statutory
meeting.
7. What are the requisites of a valid meeting?
8. What do you mean by 'Doctrine of Subrogation'?
Sub. Code
15
DE-360
2
wk7
SECTION B — × 15 60 marks)
Answer any FOUR questions.
9. Define 'contract'. What are the essential elements of a
valid contract?
10. Describe the various modes by which a contract may be
discharged.
11. Define holder in due course. Explain his privileges under
the Negotiable Instruments Act, 1881.
12. Explain the procedure for getting certificate of
incorporation.
13. Distinguish between assignment and nomination in life
insurance.
14. Explain the express and implied warranties in a contract
of a marine insurance.
15. What are the functions of Consumer Protection Council?