Download JNTUA MBA 2017 Nov 3rd Sem 14E00302 Legal Aspects of Business Question Paper

Download JNTU Anantapur (Jawaharlal Nehru Technological University Anantapuramu) MBA 2017 November Third Semester (3rd Semester/1-2) Regular & Supplementary Examinations 14E00302 Legal Aspects of Business Question Paper.

Code: 14E00302

MBA III Semester Regular & Supplementary Examinations November/December 2017
LEGAL ASPECTS OF BUSINESS
(For students admitted in 2014, 2015 & 2016 only)
Time: 3 hours Max. Marks: 60
PART ? A
(Answer the following: (05 X 10 = 50 Marks)

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1 What is ?Breach of contract?? Explain the remedies available to the aggrieved party on breach of
contract.
OR
2 Define contract. What are the essential elements of valid contract?

3 What are general principals of sale? What are the rights of an unpaid seller?
OR
4 Outline and discuss various negotiable instruments in India. Distinguish between cheque and bill of
exchange.

5 Distinguish the MEMORANDUM and ARTICLES OF ASSOCIATION and how the alternations can be
made.
OR
6 What do you understand winding-up of a company? What are the different models of winding-up?
OR
7 Explain the role of assessment Year and Previous Year in determining the tax liability of an Assesse.
OR
8 What is VAT? Justify the rationale behind the introduction of VAT in India.

9 How is Cyber Appellate Tribunal appointed? What are its functions?
OR
10 Discuss the highlights of amendments to the Indian IT Act (2008).

PART ? B
(Compulsory question, 01 X 10 = 10 Marks)
11 Case Study:
(a) The directors of a company bought some of its shares from a shareholder while they were negotiating
for a transaction financially advantageous to the company and which, if successful, would have
substantially raised the market value of its shares. They did not disclose this information to the
shareholder when buying his share. This erstwhile shareholder sued the directors for rescission of
sale on the ground of fraud.
Question: State, giving reasons, whether he will succeed.
(b) A purchases some chocolates from a shop. One of the chocolate contains a poisonous matter and as
a result A?s Wife who has eaten it falls seriously ill.
Question: What Remedy is available to A against Shopkeeper?

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