Two Marks With Answers
Two Marks With Answers
Two Marks With Answers
Unit- I
1.What is Contract? (Feb 2012)
Agreements which are enforceable at Law. Every promise and every set of promises, forming
a consideration for each other, is an agreement. All agreements are not contract. Only those
agreements which are enforceable by law are contracts.
2. Write the Essential elements of Contract
Agreement, Intention to create legal relationship, Free and genuine consent, Parties
competent to contract, Lawful consideration., Lawful object, Agreements not declared void,
certainty of meaning, possibility of performance, necessity of legal formalities
3. Define the difference between contract and agreement
Enforceability, legal obligation, binding on parties, Specialty
4. Write the difference between Revocation, Ratification and Rejection
Revocation- Termination of an offer- withdrawal of an offer Ratification means
Acceptance of a contract. Revocation takes place at the instance of the offered Rejection-
takes place at the instance of the offered
5. Define Consideration-
It is essential for an agreement. Something in return. Price paid by one party for the promise
of the other. It may be past, present, or future. But only those considerations are valid which
are lawful.
6. Define Contractual capacity-
He parties to an agreement must be competent to contract. Capability of the parties to enter
in to a contract- those who attain the age of 18, Sound mind, not lunatic, insolvent and idiot.
7. Define Coercion-
Compelled or forced to enter into a contract
8. Define Void Contract-(Feb2014)
Doesnt create any legal relationship. Initially a contract cant be void. Later on it become a
void due to some subsequent events
9. Define contingent contract-
performance of contract is not immediate. Only after the happening and non happening of
some events/ contingency, party can perform/ fulfill the promise.
10. Define Quasi contract- (jan2012)
Person shall not be allowed to enrich himself at the expense of another. In quasi the parties
do not necessarily give consent. In quasi, the liability exists independent of the agreement
and rest upon equity, justice and good conscience.
11. Define Quantum Meruit-
It means as much as earned or in proportion to the work done. A right to sue upon
quantum meruit arises when a party breaches the contract or the contract becomes void. The
aggrieved party may file a suit upon quantum meruit and may claim payment in proportion
to work done. Right to claim the compensation
12. Define Del credere agent-
He is an agent who assumes a special commission for the responsibility of ensuring that the
parties with whom his principal was brought into contractual relations will pay the money
on due date. Extra remuneration guaranteed by the principal for the performance of the
contract by the other party.
Dr.D.Vetrivelan AP/MBA
BA5104 Legal Aspects of Business
13. Write the difference between Sub agent- and substitute agent
Sub agent- person employed by and acting under the control of the original agent,
Substituted agent- person appointed by the agent to act for the principal
14. Write the difference between Conditions and Warranties
Condition- stipulation is essential to the main purpose of the contract.
Warranties Stipulation collateral to the main purpose of the contract
15. Define Doctrine of caveat emptor-
Buyer be aware- it is the duty of the buyer to be careful while purchasing goods of his
requirement, and in the absence of any inquiry from the buyer.
16. Who is an unpaid seller?
Payment has not been paid by the buyer. Rights of an unpaid sellerRight against the
goods, Right against the buyer
Dr.D.Vetrivelan AP/MBA
BA5104 Legal Aspects of Business
PART_B
1. Explain the elements of Contract act/ All contracts are agreement but all agreements are not
contract- Give reasons (Jan2014)
2. Briefly explain the Classification of contracts
3. Discuss the different ways in which a contract may be discharged.(Jan2011)
4. What are the remedies available to an aggrieved party on the breach of a contract?(Jan2012)
6. How the agency is created and terminated? (Jun2008 &May 2010)
5. Write the requisites of a valid ratification
6. Explain the rights and duties of principal, agents and third party( Jan 2012 June2008)
7. Explain the passing of property from seller to buyer
8. Define CAVEAT EMPTOR and write its exceptions
9. Write the privileges of holder in due course(May2010)
10. What do you mean negotiable instruments? Explain its briefly (Jun2008)
Dr.D.Vetrivelan AP/MBA
BA5104 Legal Aspects of Business
11. Define a cheque and state its main characteristics. Can it be accepted like a bill of exchange?
Compare it with a bill of exchange. (Jan 2012)
12. What are the methods available to discharge a negotiable instrument?
Unit II
1. Define-Company-(Feb2014)
Incorporated association, which is an artificial person. Having an independent legal entity, with
a perpetual succession, a common seal, a common capital comprised of transferable shares and
carrying limited liability in relation to its members
2. Define -Memorandum of association-
It is one of the core documents which has to be filed by the registrar of the companies at the time
of incorporation of company
3. What is Doctrine of ultra-vires?
Any activity not expressed or impliedly authorized by the memorandum are Ultra-vire to the
company. It is void ab- initio. Eg: share certificate was forged by the secretary of the company
and issued under the seal of the company
4. Define-Articles of association.
The Articles of Association or just Articles are the rules, regulations and bye-laws for the internal
management of the affairs of a company. The Articles are next in importance to the memorandum
of association which contains the fundamental conditions upon which alone a company is allowed
to be incorporated.
Dr.D.Vetrivelan AP/MBA
BA5104 Legal Aspects of Business
A Company limited by shares is a company in which the liability of its members is limited
by its memorandum to the amount unpaid on the share respectively held by them.
The companies limited by shares may be either public companies or private companies.
If a member has paid the full amount of shares, then his liability shall be nil.
16. Define Company Limited by Guarantee
A Company limited by guarantee is a company in which the liability of its members
is limited by its memorandum to such an amount as the members may respectively
undertake to contribute to the assets of the company in the event of its being wound up.
17. Define- Unlimited Company
An unlimited company is a company in which the liability of its members is not limited by
its memorandum.
18. Define Foreign Company.
A foreign company means a company which is incorporated in a country outside India
under the law of that country
19. Define the term ultra vires
The term ultra vires a company means that the doing of the act is beyond the legal power
and authority of the company.
20. Define Doctrine of Indoor Management
The doctrine of indoor management is a limitation to the doctrine of constructive
notice.
An outsider is presumed to know the constitution of a company but not what may or
may not have taken place within the doors that are closed to him.
PART-B
Dr.D.Vetrivelan AP/MBA
BA5104 Legal Aspects of Business
15. Explain the meaning and importance of prospectus. Write the legal provisions relating to the
issue and registration of a prospectus (jun2008)
16. Discuss the following (1) Alteration of subject clause in a memorandum
(2) Doctrine of Indoor Management(May2010) (3) Articles of association (b). under what
circumstances will the court order a compulsory winding up of a company? What is the
effect of the winding up of a company? (Jan2012&May2010)_
Unit III
Dr.D.Vetrivelan AP/MBA
BA5104 Legal Aspects of Business
Dr.D.Vetrivelan AP/MBA
BA5104 Legal Aspects of Business
Dr.D.Vetrivelan AP/MBA
BA5104 Legal Aspects of Business
Unit IV
1. What is Tax planning? (Jun2008)
Dr.D.Vetrivelan AP/MBA
BA5104 Legal Aspects of Business
Dr.D.Vetrivelan AP/MBA
BA5104 Legal Aspects of Business
Dr.D.Vetrivelan AP/MBA
BA5104 Legal Aspects of Business
Which requires a consumer to buy, hire, or avail of any good or service as a condition
precedent for buying, hiring or availing of any other goods or services?
Dr.D.Vetrivelan AP/MBA
BA5104 Legal Aspects of Business
In case of literary, dramatic, musical or artistic works (other than photograph) which
is anonymous or pseudonymous, copy right is for sixty years from the date of publication.
The copy right for a photograph and films is for a period of sixty years from the date
of publication.
Dr.D.Vetrivelan AP/MBA
BA5104 Legal Aspects of Business
No person can re- broadcast a Broadcast, No person can make a recording of a Broadcast other
than for private use, or for teaching and research. No person is to sell or hire a Broadcast
without a license from the owner.
PART B
1. What is the function of the state consumer protection council (feb2012)
2. Write as note on: the consumer disputes redressed agencies (May2010)
3. Write a note on Consumer Disputes Redressal Forum. In what manner is a complaint filed
before it? What procedure is followed by it after receiving a complaint?
4. What is the composition of the National Consumer Disputes Redressal Commission? What is
its jurisdiction and what procedure does it follow to settle any complaint (Jun2008)
5. Explain the important provisions under CYBER law (May2010 &Jun2008)
6. Suggest ways and means to prevent Cyber Crimes in India(Feb2014)
7. Explain the important provisions under information technology Act 2000 & 2002( Jan 2011).
8. Explain the salient features of Trade and merchandise Act of 1958.(jan2012)
9. Explain the requirement for registration of a Trade mark.
10. Explain the procedure of registration of Foreign Marks.
11. Explain the provision of New trademark Act.
12. Explain the rights of Owner and activities which are not copyright violations.
13. What can be patented? Explain compulsory licensing.
14. Discuss the causes of growing consumerism. (Feb 2012)
Dr.D.Vetrivelan AP/MBA