MB0051 assignment spring 2016

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DRIVE
PROGRAM
SEMESTER
SUBJECT CODE &
NAME
BK ID
CREDIT
MARKS
ASSIGNMENT
SPRING 2016
MBA
III
MB 0051
LEGAL ASPECTS OF BUSINESS
B1725
4
60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Q.No
1
A
2
Question
a) Sources of Indian Law
b) Write notes on :
i)
Ignorance of Law
ii)
Lex Mercantoria
Total Marks
4
3
3
10
4
4
2
10
Narrate the facts and judgement in the case :
i.
ii.
iii.
A
Marks
a) Indicate the sources of Indian Law.
b) Write notes on :
i)
Ignorance of Law
ii)
Lex Mercantoria
Harvey Vs. Facey
Peek Vs. Gurney
Ranganayakamma Vs. Alwar Setty
Narrate the facts and judgement in the case :
i.
ii.
iii.
Harvey Vs. Facey
Peek Vs. Gurney
Ranganayakamma Vs. Alwar Setty
3
“A negotiable instrument may be dishonoured either by non-acceptance or by nonpayment” Enumerate referring to the rules as laid down in the Act.
A
Modes of dishonour of a negotiable instrument as
laid down in the Act.
10
10
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4
Who is an unpaid seller ? What are the rights of an unpaid seller under extant provisions
of law ?
A
Who is an unpaid seller ?
2
What are the rights of an unpaid seller under extant 8
provisions of law ?
10
5
Describe the jurisdictions of District Forum, State Council, National council and Supreme
Court of India as per Consumer Protection Act, 1986.
A
Jurisdictions of District Forum, State Council,
National council and Supreme Court of India as per 10
Consumer Protection Act, 1986.
10
6
Enumerate the steps to float a limited company.
The company being an artificial person, how are the affairs of a company managed ?
A
Procedure for floating a limited company
Procedure of company management
5
5
10