Monday, 20 July 2015

bba301 smu bba summer 2015 IIIrd sem assignment

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DRIVE- SUMMER 2015
PROGRAM- BBA
SEMESTER- III
SUBJECT CODE & NAME- BBA 301
LEGAL AND REGULATORY FRAMEWORK

Qus:1 “Every person is competent to contract who is of the age of majority according to the law to which he is subject, and who is of sound mind, and is not disqualified from contracting by any law to which he is subject”. In the light of above elaborate the extant provisions of Indian Contract Act, 1872 referring to the famous case : Mohori Bibi V. Dharamadas Ghose.
·         Qualifications disqualifications of persons competent to contract and persons who are incompetent.
·         Case law : Mohori Bibi V. Dharamadas Ghose.
Answer:
Qualifications disqualifications of persons competent to contract and persons who are incompetent
Disqualified persons:

ICA disqualifies the following persons from contracting:

i)                    Alien friend can contract but an alien enemy cannot. It means that a foreigner living in India can enter into a contract during peace time between his country and India. But he cannot do so if


Qus:2 Distinguish between Conditions and Warranties in an agreement to sell. What are the rights of an unpaid seller ?
·         Conditions and Warranties in an agreement to sell.
·         Rights of an unpaid seller
Answer:
Conditions and Warranties in an agreement to sell:
A stipulation in a contract of sale may be a condition or a warranty, with reference to goods which are the subject matterof the contract [Sec.12 (1)].

Condition [Sec.12 (2)]: A condition is a stipulation which is essential to the main purpose of the contract. It goes to the root of the contract. Its nonfulfillment upsets the very basis of the contract. It is defined by Fletcher Moulton L.J in (1910) 2 K.B. 1012 as an “obligation which goes so directly to the substance of the contract, or in other words is so essentials to its very nature


Qus:3 “A negotiable instrument is said to be discharged when all the rights of actions under it are completely extinguished and when the instrument ceases to be negotiable” Elucidate the statement citing the modes of discharge.
·         Modes of discharge of a negotiable instrument
Answer:
Modes of discharge of a negotiable instrument:
The different mode of discharges of an instrument are as follows:

i)                    By payment in due course: This is the most obvious and the usual mode of discharges of an instrument and of the parties to it. The instrument is discharged by payment made in due course by the


Qus:4 X, Y and Z decide to form a private limited company. Elaborate the steps to form their company as per the Companies Act, 1956.
·         Steps to form a private limited company.
Answer:
Steps to form a private limited company:
The Companies Act of 1956 sets down rules for the establishment of both public and private companies. The most commonly used corporate form is the limited company, unlimited companies being relatively uncommon. A company is formed by registering the Memorandum and Articles of Association with the State Registrar of Companies of the state in which the main

Qus:5 Your client approaches you to learn the grievance redressal procedures as per Consumer protection Act, 1986. Advise your client.
·         Grievance redressal procedures as per Consumer Protection Act, 1986
Answer:
Grievance redressal procedures as per Consumer Protection Act, 1986:
The Consumer Protection Act, 1986 (in short, ‘the Act’), is a benevolent social legislation that lays down the rights of the consumers and provides their for promotion and protection of the rights of the consumers. The first and the only Act of its kind in India, it has enabled ordinary


Qus:6 “Patents do not cover abstract ideas or theories, but are intended to cover specific technical solutions that have some practical application, use or benefit. A patent is generally available for an eligible invention.” Do you agree ? Substantiate your agreement/disagreement.
·         Explain the concept that patents rights are intended for specific technical solutions having some practical application, use or benefit and no abstract ideas. A patent right is granted for an eligible invention.
Answer:
Explain the concept that patents rights are intended for specific technical solutions having some practical application, use or benefit and no abstract ideas. A patent right is granted for an eligible invention:
An invention is a technical solution relating to a product or process in any field and is granted by a legal protection if it is new, involves an inventive step and is industrially applicable (“Law on


Get fully solved assignment. Buy online from website
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or
plz drop a mail with your sub code
we will revert you within 2-3 hour or immediate
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