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DRIVE
Spring
2015
PROGRAM
Bachelor
of Business Administration- BBA
SEMESTER
III
SUBJECT
CODE & NAME
BBA
301-Legal and Regulatory Framework
BK
ID - B 1595
CREDIT
& MARKS - 4 Credits, 60 marks
Q.1.
Explain the clause related to the acceptance of proposal and the mandatory
conditions attached with it. (Explanation of acceptance of proposal,
Explanation of mandatory conditions) 5,5
ANS:
Acceptance of
proposal: ICA
states: “A proposal is said to be
accepted when the person to whom the proposal is made signifies his assent thereto. A proposal when accepted
becomes a promise.” The
offeree agrees to be bound by the terms of the offer by accepting it. When
the receiver of a proposal communicates his agreement to
Q2.
What are the different ways in which an agency may be formed? (Explanation of
different modes) 10
Answer: An agency may be created in any of the
following ways:
1.
Express agency:
An express agency may be created orally
by words of mouth or in writing (Sec. 187). The most common form of written
agency, you might have often heard of, is power of attorney, under seal,
popularly called P.O. A.
Q3.
“A bill may be dishonoured by non-acceptance or by non-payment”. Explain (Explanation
of dishonor of a negotiable instrument) 10
Answer:
A bill may be dishonored by non-acceptance or by non-payment. Promissory
notes and cheques are dishonored by non-payment only. When a negotiable
instrument is dishonored, the holder must give notice of dishonor to all the
prior parties in order to make them liable on the instrument. If the holder
fails to do so, then the notice of dishonor may be to all the parties who are
liable on the instrument and entitled to notice are
Q.4.
Decisions of the members at general meetings are expressed by way of resolutions.
What do you understand by the term resolution here? Explain it with its kinds.
(Explanation of resolution, Explanation of kinds of resolutions) 10
ANS:
Resolution: Decisions of the
members at general meetings are expressed by way of resolutions. At the
meetings, a definite proposal in the form of a ‘motion’ is placed; it is
discussed thoroughly and finally is put to vote. Once voted upon by a
majority of members, it becomes a resolution and is recorded by the company.
Q.5.
FEMA clearly defines the acts that can be termed as offences under its purview.
What are these malpractices which are covered under FEMA act? ( Explanation of offences under FEMA) 10
ANS:
Offences
under FEMA: FEMA
clearly defines the Acts that can be termed as offences under its purview.
It is the duty of the Directorate of Enforcement to investigate and prevent
leakage of foreign exchange which generally occurs
Q6.
Write short notes on:
a)
Copyright
b) Electronic
Governance
a) Meaning and
explanation
b) Meaning and
provisions
5, 5
Answer:
Copyright
In simple words it means the right to copy. It is
based on the notion that people who create or produce creative work have the
right to decide how the fruits of their talent, skill and labour should be
displayed. It is an exclusive right to reproduce an original work of authorship
fixed in a tangible medium of expression, to prepare derivative works based
upon the original work and to perform or display the work in case of musical,
dramatic,
Get fully solved assignment. Buy online from website
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plz drop a mail with your sub code
we will revert you within 2-3 hour or immediate
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if urgent then
call us on 08791490301, 08273413412
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