r7 15 Mba Business Law and Regulation Set1
Content
Code No: R7-15-MBA MBA I SEMESTER EXAMINATIONS JANUARY 2008 BUSINESS LAW AND REGULATION Time: 3 hours Answer any FIVE Questions All Questions carry equal marks ⋆⋆⋆⋆⋆ 1. “Parties to a contract must be competent to contract”. Explain
R7
Max Marks:60
2. Discuss the provisions in the Indian contract Act related to the performance of reciprocal promises. 3. What are the rules regarding delivery? Give suitable examples. 4. What is the extent of liability of a minor admitted to benefits of a partnership? 5. What is meant by crossing of a cheque? Discuss the provisions of the Negotiable Instruments Act regarding the protection given to collecting and paying bankers. 6. “Every meeting, in order to be valid must be duly convened, properly constituted and conducted”. Elucidate. 7. Define the following terms: (a) Person (b) Assessee (c) Assessment Year (d) Previous Year 8. Define the terms ‘Manufacture’ and ‘Manufacturer’. Bring out the basic ingredients of manufacture. ⋆⋆⋆⋆⋆
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R7
Max Marks:60
2. Discuss the provisions in the Indian contract Act related to the performance of reciprocal promises. 3. What are the rules regarding delivery? Give suitable examples. 4. What is the extent of liability of a minor admitted to benefits of a partnership? 5. What is meant by crossing of a cheque? Discuss the provisions of the Negotiable Instruments Act regarding the protection given to collecting and paying bankers. 6. “Every meeting, in order to be valid must be duly convened, properly constituted and conducted”. Elucidate. 7. Define the following terms: (a) Person (b) Assessee (c) Assessment Year (d) Previous Year 8. Define the terms ‘Manufacture’ and ‘Manufacturer’. Bring out the basic ingredients of manufacture. ⋆⋆⋆⋆⋆
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