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    MB 0051

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    Devendra Kachhi
    Smu Assignments summer 2016 Full Assignments (whole subjects) Rs. 2500/- Contact Devendra kachhi (8602695861)

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    MB 0051

    Uploaded by

    Devendra Kachhi
    18 views2 pages
    Smu Assignments summer 2016 Full Assignments (whole subjects) Rs. 2500/- Contact Devendra kachhi (8602695861)

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    Smu Assignments summer 2016 Full Assignments (whole subjects) Rs. 2500/- Contact Devendra kachhi (8602695861)

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    18 views2 pages

    MB 0051

    Uploaded by

    Devendra Kachhi
    Smu Assignments summer 2016 Full Assignments (whole subjects) Rs. 2500/- Contact Devendra kachhi (8602695861)

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Name : Bidesh Guin

    Subject : MB0051- LEGAL ASPECTS OF BUSINESS


    Semester : III

    Smu Assignments
    Full Assignments (whole subjects)
    Rs. 2500/Contact Devendra kachhi (8602695861)

    Question 1. What are the rights of a surety?


    Answer: 1. Rights against the creditor
    In case of fidelity guarantee, the surety can direct a creditor to dismiss the employee whose
    Question 2. Explain duties of a Bailor and a Bailee.
    Answer : Duties of a bailor
    To disclose known faults in goods (Section 150) The bailor is bound to disclose to
    the bailee, all faults in goods bailed, of which he/she is aware of. These faults Question

    3: Power of Attorney is considered as an important concept in Business Law.


    Explain.
    Answer: Power of Attorney
    1 . Meaning
    Power of attorney is defined by Section 2(21) of the Stamp Act as including any instrument
    not chargeable with a fee under the law relating to court fees for the time being in force,
    that empowers a specified person to act for and in the name of the person executing it. It is
    Question 4. The Banking Regulation Act, 1949, provides various methods of
    regulation of the banking business. Describe the key areas of regulation.
    Answer : The Banking Regulation Act, 1949, provides various methods of control over
    banks. In this section, we will first understand the key areas of controlling the organisation
    of banks. Subsequently, we will also analyse the regulatory features of banking businesses.
    1. Control on organisation
    Some of the key areas of control exercised over the organisation and structure of banks are
    as follows:
    1

    Name : Bidesh Guin


    Subject : MB0051- LEGAL ASPECTS OF BUSINESS
    Semester : III

    Question 5: Explain the nature and scope of complaints under the Consumer
    Protection Act?
    Answer : To provide simple, speedy and inexpensive redressal of consumer grievances, the
    Act envisages three-tier quasi-judicial machinery at the district, state and national levels. At
    the district level, the redressal forum is called as District Forum. The State

    Question 6. Explain the need and types of meetings.


    Answer : Need for meetings
    A company is an artificial person and therefore, must act through some human intermediary.
    The various provisions of law empower shareholders to do certain things. They are

    Smu Assignments
    Full Assignments (whole subjects)
    Rs. 2500/Contact Devendra kachhi (8602695861)

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