The Business Law subject is included in the 1st semester MBA subjects, the MBA notes in Business Law, the BCO 1st SEM subjects and the BBA notes in Business Law. Thus, students can download business law notes for mba 1st sem pdf It is important for entrepreneurs, managers and other professionals to have a basic understanding of business law to help them make better decisions. Businesses need these laws for the same reasons as people: to define unacceptable behavior, to create security and stability, to protect the public, and to provide a mechanism for companies to resolve disputes. Q. Write a short note about the rights and responsibilities of partners in the case of an LLP. Q. Who is the commodity finder? Discuss the rights and obligations of the Lost Property Investigator. Contract law: offer and acceptance, legal capacity of the parties, free consent, essential provisions of a contract, null and void agreements and conditional agreements, performance and reparation, recourse in case of infringement and quasi-contracts, consideration and legality of the object. Q. What is a designated partner? How can a partner be admitted to an LLP? Q. What are the different types of contracts? Distinguish between a valid, void contract and a cancellable contract. Q.
2019 What do you mean by delivery of goods? Mention the different modes. Explain the different rules for the delivery of goods. Q. Write a short note about the implicit authority of the partners. F. Do not write a letter about various elements of the indemnification and warranty contract. Q. Mention the parties to a bill of exchange and discuss their responsibilities. Q. 2019 “No one can give a better title than what they themselves have.” In view of this rule, the provisions relating to the transfer of goods by a non-owner/exceptions are explained. Q.
Define owners and owners in a timely manner and also distinguish them. In due course, explain the privileges enjoyed by the owner over the owner.2020 Partnership: rights, obligations and responsibilities of partners, dissolution of partnerships, definition and registration of the partnership. Q. Set the switch. Mention the essentials. Drag a pattern of switches. 2012, 2013, 2015, 2017, 2018 Q. All contracts are agreements, but not all agreements. Explain. Or what are the bases of a valid contract? 2012, 2014, 2016, 2019, 2020 Q. Distinguish between condition and warranty. Explain when the condition is treated as a guarantee.
2013, 2016, 2018 Q. Do you specify an agent`s rights, obligations and liability to the client? Business Corporations Act 2020: Types of Companies, Memorandum and Articles of Association, Shareholders and Bondholders, Protection of Minorities, Liquidation. Consumer Protection Act: Consumer Rights, Consumer Exploitation, Consumer Protection, Benefits of Consumerism. Q. What is Pledge? Do you explain the essence of a promise? Distinguish between deposit and deposit. Q. What are the different types of controls? Distinguish between them. Q. How can a minor become a partner in a partnership society? Discuss the rights and responsibilities of a minor partner before and after the age of majority. Q.
What are the different ways to perform a contract? 2013, 2014, 2017, 2019 Q. Do you define the deposit? Explain the basics of a deposit contract. Q. Define the term purchase agreement. What are the essential elements of a purchase contract? Distinguish between the sales contract and the purchase contract. 2013, 2015, 2017, 2020 Q. What is a quasi-contract? Explain the different types with examples. 2015 F.
Defining the concept of negotiable instruments. What are his assumptions? Mention its essential characteristics. 2012, 2016 Q. What are the advantages and disadvantages of LLP? Q. What are the consequences of the dissolution of the partnership? Indicate the liability of the partners in the event of dissolution of the company. Q. Report the differences between bills of exchange and promissory notes. 2012, 2013, 2015, 2017, 2018 The Transferable Instruments Act: Type and Type, Trading and Assignment. Timely owners, dishonor and relieve a tradable instrument. Q. What do you mean by agency by ratification? Explain the conditions for a valid ratification. Q.
Who is authorized to hire an agent? Who can be an agent? What is real and apparent authority? Q. Write a short note about goods under the Sale of Goods Act. Q. “No consideration, no contract.” What are the exceptions to this rule? 2012, 2015, 2017, 2018 Q. Distinguish between cheque and bill of exchange. 2015, 2017 Q. What is a conditional contract? Explain the basics and rules. Q.
2018 What is Offer and Acceptance? Explain the rules regarding offer and acceptance. Q. What do you mean by “caveat emptor”? Discuss exceptions to this rule. 2019 Q. Clarify the rights and obligations of partners under partnership law in India. 2020 Q. Specify different types of associates and partnerships. Q. Who is the unpaid seller? Briefly discuss his rights under the Sale of Goods Act, 1930. 2012, 2019 Q.
What do you mean by dissolution of the partnership and partnership? Also distinguish between them. Specify the different types of dissolution of the partnership firm. 2019, F. What is deposit? What are the rights and obligations of the lessor and the bailiff? Explain. 2019 F. “Non-owners can make a valid promise”. Explain. Q. What is restoring the partnership? Explain the rights of departing partners. Ø Importance and qualification of the partnership in the case of an LLP Q. A partnership arises from an agreement and not from its status. Comment.
Definition of Business Law: Business law is a legal specialization, also known as commercial law. Business law deals with laws on the basis of which any transaction between persons and commercial enterprises is regulated. Q. What do you mean by breach of contract? What are the remedies in case of non-compliance? Q. What is an LLP? Explain the characteristics of an LLP. 2019, Q. Discuss express and implied terms under the Sale of Goods Act, 1930. 2012, 2014 Q. What is a cheque? Mention the essentials. Draw a copy of a cheque.
2015, 2017 Q. What do you mean by checking a cheque? What are the different species? Explain with examples 2014, 2016, 2018, 2020 Q. Is it mandatory to register a company? What are the effects of not registering a business? Mention the rights that will not be affected by the non-registration. Q. What is a compensation contract? Define the warranty contract? Explain the difference between a netting contract and a warranty contract. Q. 2019 Distinguish between quota and quasi-contract. Q. Who is an agent? What are the types of agents? How is an agency terminated? F.
Distinguish between an LLP, a partnership and a corporation. Sale of goods: conditions and guarantees, transfer of ownership and delivery, rights of an unpaid seller, type of purchase contract. Q. Define the partnership and explain the essential elements of the partnership. Q. What is free consent? When do we say that consent is free? Q. Explain the importance of negotiation and approval. What are its different species? Explain the rules for valid endorsements.
Q. What is a long-term warranty? When and how is it revoked? 2020 Q. Explain the methods of creating an agency. Discuss the scope and extent of the officer`s authority. F. Explain the rules for the execution of the purchase contract.