Subject Code: 830002
GUJARAT TECHNOLOGICAL UNIVERSITY
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MBA - SEMESTER- III EXAMINATION - SUMMER 2018
Subject Name: Legal Aspects of Business (LAB)
Time: 02:30 pm - 05:30 pm
Date: 01/05/2018
Total Marks: 70
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Instructions:
- Attempt all questions.
- Make suitable assumptions wherever necessary.
- Figures to the right indicate full marks.
Q.1
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(a) What is the meaning of a contract? Explain the essential elements of a valid Contract under the Indian Contract Act 1872. (07)
(b) State briefly the law relating to competence of parties to a contract. (07)
Q.2
(a) Define unpaid seller. What are his rights under the Sale of Goods Act. (07)
(b) Give the meaning and definition of proposal (offer) and also give the essential elements of a valid offer. (07)
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OR
(b) Differentiate between the contract of indemnity and contract of guarantee. (07)
Q.3
(a) Define Memorandum of Association and its content. Distinguish it from Articles of Association. (07)
(b) Give the difference among district forum, state commission and national commission. (07)
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OR
Q.3
(a) Do false and Misleading statements in a Prospectus attract both civil and criminal liabilities? Discuss. (07)
(b) Give the definition of free consent and explain fraud and Misrepresentation. (07)
Q.4
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(a) Explain the Objectives of the Environment Protection Act, 1986 (07)
(b) Give the difference between a Private company and a Public company. (07)
OR
Q.4
(a) Give the definition of sales. Explain the essential elements of valid sales. (07)
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(b) Explain parties involved in Negotiable Instrument. (07)
Q.5
(a) How can Articles of a company be altered? Point out the effect and limitation on alterations of Articles? (07)
(b) Differentiate between Holder and Holder in due Course? State the privileges available to Holder in due Course under the Negotiable Instrument Act, 1881 (07)
OR
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Q.5
(a) What do you understand by the term patent? Describe the procedure for obtaining a patent. (07)
(b) Define Company Meeting and Discuss the different kinds of Meetings. (07)
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