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Roll No
PGDM Mid Term Examination, Nov’2020
Batch No. 2019 -21 5th Term Subject-: Legal Aspects of Business CodeDM-305 Max Marks: 15 Time: 1.5 Hours
Section A (2 x 2 = 4 Marks) Descriptive/ theoretical Type: To attempt two questions
1. Differentiate between sale of goods and agreement to sale.
2. Define a “Bailor”. What are the rights and duties of a bailor? 3. Describe briefly the process of incorporation of a Company. 4. Define a “Consumer” as per Consumer Protection Act.
Section B (0.5 x 6 = 3 Marks) Objective type: To attempt Six out of Seven questions.
Choose the correct option:
1. Aaccepting a lesser consideration than agreed in the contract, this is known as : (a) Novation (c) Alteration (b) Rescission (d) Remission 2. Deposit of goods for the security for performance of a promise is called a: (a) Pledge (c) Guarantee (b) Bailment (d) Indemnity 3. Keys of a warehouse, where goods are stored, are handed over to the buyer. This is an example of: (a) Actual Delivery (c) Symbolic Delivery (b) Constructive Delivery (d) No Delivery 4 A particular painting by a painter, is an example of: (a)Specific goods (c) Generic Goods (b) Both (d) None Section D (1x4 = 4 Marks) Practical/Case-let/Numerical: Attempt one question compulsory 5 Which one is a Negotiable Instrument: Q.1 Define goods under Sale of Goods Act? What are the type of goods (a) Promissory Note (c) Cheque under the Act? (b) Bill of Exchange (d) All of the above Section E 6 The State Commission can entertain consumer complaints where the value of goods or services and the compensation, if any: Answer any one question (1x2 = 2 Marks) (a) Exceeds Rs.20 lakh but less than One crore (b) Less than Rs.20 lakh 1. Discuss the types of Shareholder’s meetings of a Company. (c) Exceeds Rs. One crore 2. Discuss any five ways in which a contract can be discharged. (d) None of the above
7 Copyright protection is available to:
(a) Literary works other than computer programme (b) Musical works (c) Artistic works (d) All of the above
Section C (2x1 = 2 Marks) Short Notes: Two to be answered out of four
1. Offer, Agreement and Contract
2. Redressal machinery under Consumer Protection Act. 3. Actual, Constructive and Symbolic Delivery 4. Promissory Note
