SEM 3 – MB 0051 LEGAL ASPECTS OF BUSINESS

SMU MBA WINTER 2015-2016 solved Assignments are available

 

Dear Students,

 

SMU MBA WINTER 2015 Assignments are available. For Booking ,Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420 or S M S your “ Email ID ” us in the following Format “ On +91 9995105420 we will reach back you with in 24H ”

 

 

ASSIGNMENT

DRIVE WINTER 2015
PROGRAM MBADS/ MBAFLEX/ MBAHCSN3/ MBA – SEM 3
SUBJECT CODE & NAME MB 0051

LEGAL ASPECTS OF BUSINESS

BK ID B1725
CREDIT 4
MARKS 60

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

 

Q.No Question Marks Total Marks
1 Narrate the exceptions to the rule “No consideration no contract”

How is a contract discharged ?

Exception to the rule, “No consideration no contract”

Discharge of a contract

5

 

5

 

10

2 Narrate the rights and liabilities of a surety in a contract of guarantee.
Rights and liabilities of a surety in a contract of guarantee 10 10
3 When and how is a partnership and firm get dissolved ?
Dissolution of partnership and firm 10 10
4 Narrate the Latin maxim “Nemo dat quod non habet” and its exceptions in sale of Goods Act 1930.

A sells certain goods to B and promises to deliver the goods on the next day. But before delivery A sells and delivers the goods to C who buys those in good faith and without knowledge of the prior sale to B.

Explain B’s remedy in such circumstances.

A, B and C are three brothers who owned a 3-story building, each of them agreed to share a floor. The building was constructed by the supervision of A, who had a general power of attorney given by B and C. A, B and C contributed equally to the construction of the property.

C was staying abroad and was supposed to occupy his flat at a later date. Meanwhile A sells

C’s flat to X by virtue of the general power of attorney. Give your comments.
 

 

Narrate  the  Latin  maxim  “Nemo  dat  quod  non

 

 

5

 

10

habet” and its exceptions in sale of Goods Act 1930.
A sells certain goods to B and promises to deliver
the goods on the next day. But before delivery A 2
sells and delivers the goods to C who buys those in
good faith and without knowledge of the prior sale
to B.
Explain B’s remedy in such circumstances.
A, B and C are three brothers who owned a 3-story 3
building, each of them agreed  to share a floor. The
building was constructed by the supervision of A,
who had a general power of attorney given by B and
C.      A,   B   and   C   contributed   equally   to   the
construction of the property.
C was staying abroad and was supposed to occupy
his flat at a later date. Meanwhile A sells C’s flat to
X by virtue of the general power of attorney.
Give your comments.
5 Section 16 of the Companies Act, 2013 provides the rules for alteration of Memorandum of Association. Explain the rules.
Explain the rules for alteration of clauses in Memorandum of Association as per Section 16 of Companies Act, 2013 10 10
6 Narrate the prohibition of anti-competitive agreements and abuse of dominant position as per Competition Act, 2002.
Prohibition of anti-competitive agreements 5  

10

Prohibition of Abuse of dominant position 5

 

 

 

 

SMU MBA WINTER 2015-2016 solved Assignments are available

 

Dear Students,

 

SMU MBA WINTER 2015 Assignments are available. For Booking ,Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420 or S M S your “ Email ID ” us in the following Format “ On +91 9995105420 we will reach back you with in 24H ”