DISTANCE EDUCATION
M.B.A. DEGREE EXAMINATION, MAY 2017.
Third 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. Define Quasi contract with suitable example.
2. State the difference between valid and voidable contract.
3. What is Ultra vires action? Write its features.
4. What are warranties and conditions? Explain.
5. List down the contents of articles of association.
6. Who is an agent and principal? Explain their duties.
7. Explain the basic characteristics of a company.
8. What is Prospectus? List down its contents.
SECTION B — 15 60 marks)
Answer any FOUR questions.
9. Examine the various kinds of contract.
10. Explain the various elements of a negotiable instrument.
Sub. Code
35
DE-828
2
wk12
11. Elaborate the important duties and rights of an agent.
12. Describe the different modes of winding up of a company.
13. Briefly explain kinds of company.
14. Explain the rights and liabilities of partners after
dissolution of a firm.
15. Discuss the fundamental principles of Life Insurance.