Download PTU I. K. Gujral Punjab Technical University (IKGPTU) MBA (Master of Business Administration) 2020 December 2nd Sem 76154 Legal Environment For Business Previous Question Paper
Total No. of Pages : 02
Total No. of Questions : 17
MBA/MBA(IB) (2018 Ba tch) (Sem.?2)
LEGAL ENVIRONMENT FOR BUSINESS
Subject Code : MBA-202-18
M.Code : 76154
Time : 3 Hrs. Max. Marks : 60
INST RUCT IONS T O CAND IDAT ES :
1 .
SECT ION-A c ontains EIGHT questio ns carrying TWO marks each an d s tudents
have to atte mpt ALL qu estio ns.
2 .
SECT IONS-B co nsists of FOUR Su bsec tions : Un its-I, II, III & IV. Eac h
Subs ectio n co nta in s TWO q uestions each ca rryin g EIGHT ma rks each a nd
studen t has to attempt any ONE qu estion fro m ea ch Subsection.
3 .
SECT ION-C is COMPUL SORY and co nsists of ONE Case Stud y carrying TWEL VE
marks.
SECTION-A
1.
What is Agency?
2.
What is Endorsement?
3.
What is crossing of a cheque?
4.
What is a Bill of Excahnge ?
5.
What are Statutory Meetings?
6.
Who is a Minor?
7.
What is corporate veil?
8.
What is Articles of Association?
SECTION-B
UNIT-I
9.
Discuss the Indian legal system in general.
10. When the consent is not said to be free? Discuss.
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UNIT-II
11. Write the major principles of sales of goods.
12. What is Sale of Goods Act 1930? How it helps business in India? Discuss.
UNIT-III
13. Write a detailed note on the dissolution of a partnership firm.
14. Discuss the major rules regarding the crossing of cheques.
UNIT-IV
15. Who is a Director? Discuss the major rights of a director.
16. Discuss the major objectives of Company Law.
SECTION-C
17. Read the following case and answer the questions :
This case involves a main dispute arose as to the issuance of advance license and its
rejection, the question as to whether a government company in which the major
shareholder is the government becomes a department of the government or remains as a
separate entity was also decided. The Respondent obtained an advance license and
submitted to SAIL for the supply of rolled strips in coils under a special scheme. As the
license was defective SAIL rejected the license and refused to supply the goods at
concessional price. Respondent company contended that the license issuing authority and
the major shareholder of SAIL are the same government and because of this SAIL could
not have rejected the defective advance license.
Answer the following questions :
a. What is the central theme of the case study?
b. Is the decision of SAIL justified? Yes or No. Justify.
NOTE : Disclosure of Identity by writing Mobile No. or Marking of passing request on any
paper of Answer Sheet will lead to UMC against the Student.
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This post was last modified on 14 February 2021