Amity MBA 2nd Sem ASODL Business Laws

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ASODL Business Laws/ Legal Aspects of Business

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Amity MBA 2nd Sem ASODL
Business Laws/ Legal Aspects of
Business

Amity MBA Assignment A
Question1. “The fundamental attribute of
corporate personality is that company is a legal
entity distinct from the members.”Elucidate the
statement .Also specify the important features of
a company.
Question2. Elaborately explain the essential
features of the consumer protection act 1986.
Also briefly discuss unfair trade practice and
restrictive trade practice as discussed under
consumer protection Act?
Question3. What are the characteristics of
negotiable Instrument? Discuss the ‘privileges’ of
holder in due course as per the provisions of the
Negotiable Instruments Act, 1881? Also state the
important amendment to be incorporated under
sec 138 of the act.

Question4. Discuss the essential elements of a
valid contract.
Question5. Write short notes on any three of the
following.
(a)“A stranger to the consideration can enforce the
contract”. Explain the exceptions in the following.
i-

Supervening Impossibility

ii- Novation
(b)Anticipatory breach of Contract
(c) A private company has only 2 shareholders who are
also the directors with equal rights of management and
voting power. The company has made large profits, but
there is a complete deadlock in the management of the
company. One of the shareholders applied for the
winding up of the company. Decide at what moment
does a winding up by the court commence?
(d) What is a ‘Prospectus’? Is it obligatory for a
company to file a prospectus or a statement in lieu of
prospectus with the Registrar of Companies?

(e) What is meant by the rule of ‘Caveat Emptor’ and
what are its exceptions?
Question6. Explain – ‘different modes of crossing
of a cheque’ and section 138 as per the
provisions of the Negotiable Instrument Act,
1881.
Question7. “A company is a legal person distinct
from its members taken individually or
collectively”. Comment. Also detail the important
features of a company.
Question8. Discuss consumer dispute redressal
forums & consumer councils with respect to its
pecuniary (Financial) jurisdictions?
Amity MBA Assignment B
Read the case study given below and answer the
questions given at the end
Case Study
Aditya Mass Communication Private Limited Vs A.P.
state Road Transport Corporation
A.P. State Road Transport Corporation, Hyderabad
advertised tender notice on calling for tenders for

display of advertisements on the buses owned by it.
According to the condition of the Tender Notice, each
tender form had to be accompanied by a demand draft
for Rs 20 lakhs and tender forms completed in all
respects had to be put in the tender box. The
accompanying sum of money was the Earnest Money
Deposit (E.M.D). Clause (10) of the terms provided that
the tender will be opened at 3:00 p.m. on October 31,
1996, in presence of the tenderers or their authorized
agents. Clause (14) provided that tenderers will not be
permitted to withdraw their tender after the tenders
were opened .Clause (15) provided that if the highest
tenderer backs out from taking up the agency , for
whatsoever reason, the E.M.D. paid by him will be
forfeited.
Aditya mass Communication Private Limited submitted
its duly filled tender along with demand draft of Rs. 20
lakhs. In relation to this tender, another person
approached the High Court and got an order restraining
the Transport Corporation from proceeding further with
the tender. Following the order, the A.P. State Road
Transport Corporation opened the tender box at 3 p.m.

and found six sealed covers. In view of the directions of
the High Court, the covers were again placed back in
the tender box without opening the seals. The signature
of the tenderers and their agents was taken to this
effect .The tenders were not opened to find out the
highest bidder. Aditya Mass Communication Private
Limited wrote a letter on November 11, 1996 stating
that no reasons were given to him for non-opening of
the tenders and that he could not keep the huge
amount of Rs 20 lakhs locked in with all the uncertainty
associated with the tender. It, thus, requested for return
of the Earnest Money Deposit. A.P. State Road Transport
Corporation replied on November 14, 1996 that the
Aditya Mass communication had signed on the note
recording the proceedings of opening the tender box
and putting back sealed covers. Thus, it could not put
up the argument that no reasons for non-opening of the
tender was given on it. The letter notified that the
tenders would be opened on November 16, 1996 at
11:30 hrs. Aditya Mass Communication once again
wrote a letter on November 15, 1996 that the question
of their participation in the opening of tenders did not
arise as they asked for the return of E.M.D. The A.P.

State Road Transport Corporation went ahead with the
opening of the tender, found Aditya Mass
Communication to be the highest bidder and awarded
the tender to it. Aditya Mass Communication was
informed of this but it demanded refund of Earnest
Money Deposit. The A.P. State Road Transport
Corporation following the terms of tender forfeited the
earnest money deposit of Aditya Mass Communication.

Question 1. Elaborately state the important legal
issue/s covered under this case.
Question 2. What are the essential features of a
tender?
Question 3. Give your reasons in support of your
decision for the issue discussed in this case.
Amity MBA Assignment C
1.

Annual – general Meeting is required to be
held-

2.

An acceptance is complete and effective only
when it has been-

3.

Name of a company can be changed by
passing a special resolution and with the
approval of-

4.

Which of the following is a mode of discharge
of contract-

5.

Limited liability means liability of its-

6.

In a contract of sale, property means-

7.

The goods which are yet to be acquired by
the seller, are called-

8.

A contract becomes voidable if it has been
caused by-

9.

If the goods have perished, the contract of
sale of such specific goods, will become-

10.

Articles can be altered by-

11.

A contract entered into between the parties

by words is called12.

Acceptance of an offer is complete as against

the offeror as soon as13.

If a company fails to pay its debts suit can be

filed against the14.

A contract with a minor is-

15.

Who is liable for the supply of necessaries to

a minor-

16.

A prospectus is issued-

17.

When, before the contract becomes due for

performance, the promisor declares his intention
of not performing his promise, it is called18.

A bailment cannot be made about-

19.

The damages which arise in the usual course

of things happening from the breach of contract,
are called20.

When a person is employed to represent

another in dealings with third person, it is a
contract of21.

Which of the following is not an essential

element of a contract of sale22.

In return for a new television, Raju agrees to

give his old television valued at Rs. 3,000 and an
amount of cash worth Rs. 5,000 to Ganesh. This is
a23.

Which of the following rights is held by an

unpaid seller24.

After exercising the right of lien, the seller

can resell the goods of perishable nature25.

Which of the following is not a remedy for

breach of contract-

26.

A contract by which one party promises to

save the other from loss is called27.

Surety’s liability is-

28.

Crossed cheques payable to bearer are

negotiated by29.

In a contract of sale, which of the following is

treated as implied condition30.

Consideration must move at the desire of-

31.

Which of the following does not relate to

‘termination of agency by operation of law’32.

Which of the following sentence is a valid

promissory note33.

A stipulation collateral to the main purpose of

the contract, is called a34.

A person who receives a negotiable

instrument for consideration, before maturity,
and in good faith, is called35.

A director must vacate his office if he fails to

obtain qualification shares within36.

Which of the following rights are available to

a finder of goods37.

A private company has at least-

38.

A cheque payable to order may be

negotiated39.

Which of the following endorsements is

invalid40.

When a cheque bears across its face an

addition of the words “&” between two parallel
transverse lines, it is called-

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