Get fully solved assignment. Buy online from website
online store
or
plz drop a mail with your sub code
we will revert you within 2-3 hour or immediate
Charges rs
125/subject
if urgent then
call us on 08791490301, 08273413412
DRIVE – Fall 2016
PROGRAM/SEMESTER
MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2 – SEM 3
SUBJECT CODE &
NAME- MB0051-Legal Aspects of Business
Q1. What
are the remedies for breach of contract? What is quasi contract?
Explanation
of the remedies for breach of contract
Define
quasi contract
Answer:
Remedies for breach of contract
The usual remedy for breach of
contracts is to sue for damages. The main type of damages awarded is ordinary
damages. This is the amount of money that would take to put the aggrieved party
in a position as if there had not been a breach of contract. The idea is to
compensate the aggrieved party for the losses
Q2. Explain
the meaning of Power of Attorney, its types and clause related to registration.
(Meaning, Types, Registration) 2,
2, 6
Answer:
Power
of Attorney
Power of attorney is defined by Section
2(21) of the Stamp Act as including “any instrument not chargeable with a fee
under the law relating to court fees for the time being in force,” that
empowers “a specified person to act
Q3. Explain the procedure of registration of partnership firms.
(Explanation) 10
Answer:
Registration partnership of Firms (Sections 58-59)
Partnerships
in India are governed by the Indian Partnership Act, 1932. As per the
Partnership Act, Registration
of Partnership Firms is optional and
is entirely at the discretion of the partners. The Partners may or may not
register their Partnership Agreement.
Q4. What are the circumstances under which breach of condition is treated
as breach of warranty?
(Explanation) 10 marks
Answer:
Circumstances
under that Breach of condition to be treated as breach of warranty
According to Section 13, under
certain circumstances, a breach of condition is to be treated as a breach of
warranty, i.e., the right to
repudiate the contract is deemed to have been lost. These circumstances are:
Where a contract of sale is
subject to any condition to be fulfilled by the seller, the buyer may either:
·
Waive
Q5 Explain the procedure for filing a complaint and admission of complaint
in consumer protection act.
(Filing a complaint-5 marks, Admission
of complaint-5 marks) 10 marks
Answer:
Procedure for filing a complaint
There is no fee for filing a
complaint before any of the aforesaid bodies. The complainants or their authorized
agent can present the complaint in person.
The complaint
Q6 Write short notes on:
a)
Shares and its classification
b)
Meetings and its classification
(Meaning and classification-5
marks, Meaning and classification-5 marks) 10 marks
Answer:
Shares
and its classification
Section 2 (46) defines a share
“as a share in the share capital of a company and includes stock except where a
distinction between stock and share is expressed or implied”. This definition
does not encompass the
Get fully solved assignment. Buy online from website
online store
or
plz drop a mail with your sub code
we will revert you within 2-3 hour or immediate
Charges rs
125/subject
if urgent then
call us on 08791490301, 08273413412
No comments:
Post a Comment