smu assignment spring 2016

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ASSIGNMENT
DRIVE SPRING 2016
PROGRAM MBA
SEMESTER III
SUBJECT CODE &
NAME
MB 0051
LEGAL ASPECTS OF BUSINESS
BK ID B1725
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 a) Indicate the sources of Indian Law.
b) Write notes on :
i) Ignorance of Law
ii) Lex Mercantoria
A a) Sources of Indian Law
b) Write notes on :
i) Ignorance of Law
ii) Lex Mercantoria
4
3
3
10
2 Narrate the facts and judgement in the case :
i. Harvey Vs. Facey
ii. Peek Vs. Gurney
iii. Ranganayakamma Vs. Alwar Setty
A Narrate the facts and judgement in the case :
i. Harvey Vs. Facey
ii. Peek Vs. Gurney
iii. Ranganayakamma Vs. Alwar Setty
4
4
2
10
3 “A negotiable instrument may be dishonoured either by non-acceptance or by non-
payment” 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 ?
What are the rights of an unpaid seller under extant
provisions of law ?
2
8 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
Consumer Protection Act, 1986.
10 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
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