This document outlines an assignment for a legal and regulatory framework course. It includes 6 questions on various topics: 1. Types of contracts and their details. 2. Characteristics of a negotiable instrument and its definition. 3. Definition of partnership and modes of determining a partnership's existence. 4. Provisions of district forums, state commissions, and national commissions for consumer redressal. 5. Differences between FERA and FEMA. 6. Whether patents cover abstract ideas or specific technical solutions, and substantiating agreement or disagreement with the given statement.

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ASSIGNMENT
DRIVE SPRING 2016
PROGRAM BBA
SEMESTER III
SUBJECT CODE &
NAME
BBA 301
LEGAL AND REGULATORY FRAMEWORK
BK ID B1595
CREDIT 4
MARKS 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 Question Marks Total Marks
1 Explain the various types of contracts in detail.
A Types of Contracts. 10 10
2 What are the characteristics of a negotiable instrument?
A Define Negotiable Instrument.
Characteristics of Negotiable Instrument.
2
8 10
3 Define partnership. What are the modes of determining existence of a partnership?
A Define Partnership
Modes of determining existence of partnership
2
8
10
4 Discuss the different provisions laid down in District Forum, State Commission and
National Commission.
A Consumer Redressal Agencies:
District Forum
State Commission
National Commission
2
4
4
10
5 Bring out the difference between FERA and FEMA.
A Difference between FERA and FEMA. 10 10
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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.
A 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
10 10
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