Business Law
F.Y.B.M.S Question Bank Sem I
(MU)
Q.1 Define
a Contract. What are the essential
elements of a Valid Contract?
Q.2 Discuss in detail the types
of contracts.
Q.3 Write Short Note on Offer
& Acceptance.
Q.4 What is consideration?
Explain the essentials of a valid consideration.
Q.5 “No consideration, No Contract” Discuss. State the exceptions to this rule.
Q.6 Describe
the Law relating to minor and person of Unsound mind.
Q.7 Who are the persons
incapable to contract.
Q.8 Explain the provisions of Contract Act, regarding “Coercion”
& “Undue Influence”.
Q.9 What is misrepresentation? Difference between fraud &
misrepresentation.
Q.10 “A Contract caused by mistake is void”. Explain
Q.11 Enumerate the agreements,
the consideration and object of which are expressly declared to be unlawful.
Q.12 Write Short on “Wagering
agreements.
Q.13 Explain the various modes
in which a contract is discharged.
Q.14 Explain the various
remedies available to an aggrieved person in the event of breach of contract.
Q.15 Explain “Contract of Sale of goods” &
what are the essential elements of valid contracts of sale.
Q.16 Distinguish between Sale & an agreement
to sale.
Q.17 When may a breach of condition be treated
as breach of warranty ? What is the
remedy available to the buyer for breach of warranty by the seller.
Q18 Explain briefly implied conditions &
warranties in contract of sale of goods.
Q.19 Write note on “Doctrine of Caveat
Emptor’. State exceptions to it.
Q.20 Define “Unpaid Seller”. What are the rights
of an unpaid Seller in respect of the goods sold?
Q.21 Define Negotiable instrument what are it
characteristics/features?
Q.22 How do you classify the Negotiable
instrument?
Q.23 What is a Promissory Note? What are characteristics of Promissory Note ?
Q.24 What it means by the term
“Crossing a cheque”. What are the
various types of crossings?
Q.25 Write a short note on dishonour of cheque.
Q.26 Who is consumer and who is not consumer
under Consumer Protection Act 1986?
Q.27 Explain the following terms:
1. Person:
2. Goods:
3. Complainant:
4. Complaint:
5. Defect:
6. Unfair Trade Practice:
7. Manufacturer:
Q.28 Define
a Company. What are the essential
features of a company?
Q.29 What are the various types of companies?
Q.30: What are the disadvantages of incorporation
of a company?
Q.31 Explain the Doctrine of Corporate Veil.
Under what circumstances can the veil be lifted.
Q.32 What do you mean by Promoters? Explain the
duties, Rights and Functions of Promoters.
Q33: Define Private Company. State the privileges
/ advantages enjoyed by Private companies as compared with Public
companies.
Q.34 Describe the procedure for converting a
private co. into a public co.
Q.35 What is Memorandum of Association? Explain
Clauses of Memorandum of Association.
Q.36 Explain fully the doctrine of ultra-vires in
relation to companies. What are the
liabilities of a company and its agents for ultra vires acts?
Q.37 What procedure must be followed for
alteration of memorandum?
Q.38 Discuss
the Doctrine of constructive Notice & Doctrine of Indoor management.
Q.39 Explain the liability for Misstatements contained in Prospectus.
Q.40. Explain the types of Company meetings with the
help of chart.
Q.41 What do you mean by Voting? Explain the different
methods of Voting used in company meetings
Q.42 What are the modes of acquiring membership
of a company?
Q.43 What are the rights & liabilities of a
Member of company
Q.44 What is an intellectual Property? What are
intellectual property rights?
Q.45 What is a Patent? What is Patentable and
What is not patentable? Explain the Procedure for obtaining patent.
Q.46 What is the meaning of Copyright under the
Copy right Act, 1957? What is included under copyright? What amounts to
violation of copy rights?
Q.47 What is a Trade Mark? Discuss its essential
requirements / Qualities of Good Trade Mark.
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