MBA302-Legal Aspects of Business

FALL-2018

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Master of Business Administration - MBA Semester 3

MBA302-Legal Aspects of Business

Set - 1

Q1. What are the sources of Indian Law? 

Primary sources                                5

Secondary sources                            5

Answer. The primary sources of Indian Law are:

•          Custom

•          Judicial precedent (stare decisis)

•          Statute

•          Personal law

Q2. Explain the ways for breach of Contract and remedies for breach of contract.

Breach of contract

Remedies for breach of contract

Answer. Discharge of contract by breach

A breach of contract is one party’s failure to live up to the promises under a contract without a legal excuse. If the promisor has not performed his/her promise in accordance with the terms of the contract or where the performance is not excused by tender, mutual consent or impossibility or operation of law, then this amounts to a breach of contract on the part of the promisor. The consequence is that the

Q3. i) Narrate the facts and judgement in the case Howell vs. Coupland.

ii) Who is an unpaid seller? What are the rights enjoyed by an unpaid seller under extant provisions of law?

Howell vs. Coupland                                3

Unpaid seller and his rights                    7

Answer. Howell vs. Coupland

In this case, the seller agreed to sell 200 tonnes of potatoes to be grown by him, to the buyer at £2 a ton. Though he had the resources to grow 200 tons, an attack of pestilence killed most of the crop and he was able to deliver only 80 tons. The buyer instituted a suit against the seller for breach of contract and held that the contract was void, as it was an agreement to sell future goods and neither party is liable for impossibility of

Set - 2

Q1. Explain the kinds of Agencies.

Kinds of Agencies                             10

Answer. Kinds of Agencies   -

A contract of agency may be created by:

• An express agreement

• Implication (implied agreement)

Q2. Explain the nature and scope of complaints under the Consumer Protection Act?

Persons competent to make complaints      3

Place of complaint                                              1

Procedure for filing a complaint                       2

Admission of complaint                                     2

Power of the District Forum                               2

Answer.  Persons competent to file a complaint (Section 12)

Any of the following people may file a complaint under the Act:

•          The consumer to whom such goods are sold or delivered or agreed to be sold or delivered or such service provided or agreed to be provided.

•          In case of

Q3. Explain crossing of Cheques and its types.

Crossing of Cheques

Types

Answer. Crossing of Cheques-

Normally, there are two types of cheques:

Open cheques – These are paid over the counter of the bank and need not be put through a bank account or paid through a bank. They are subject to risk of fraud and forgery in the course of circulation.

FALL-2018

Get solved assignments at nominal price of Rs.125 each.

Any issues mail us at: subjects4u@gmail.com or contact at

08219081362