JAYA COLLEGE OF ARTS & SCIENCE,

DEPARTMENT OF MANAGEMENT STUDIES & PG COMMERCE

REVISION I
Class: I MBA Max.Marks:075
Subject: Legal Systems in Business Time: 3Hrs.
PART- A

Answer any Ten Questions: - (10 x 1=10 marks)

Write short notes on :
1. Unilateral Contract
2. Capacity of Contract
3. Caveat Embtor
4. Sales of goods Act.
5. Memorandum
6. Partnership
7. Share holders
8. Void contracts
9. Breach of contract
10. Articles of association
11. Legal systems
12. Functions of board of directors

PART-B

Answer any Five Questions: - (5 x 5=25 marks)

13. Explain the legal provisions relating to the issues and registration of a prospectus`
14. Mention the conditions and warranties in the light of sale of a goods act.
15. Define misrepresentation and fraud.
16. Differentiate between actual breach and Anticipatory Breach.
17. When does a private company become a public company.
18. Explain the remedies for breach of contracts.
19. Define negotiation and state the difference between negotiation and assignment

PART-C
Answer any Four Questions: - (10 x 4=40 marks)

20. Define contract and explain about the contents and types of offer.
21. What are the legal remedies available to a person who consent is caused by fraud?
Explain .
22. Discuss the various provisions of Companies act 1956, relating to foreign companies.
23. Basically an agreement with minor is `AB-INITIO- VOID`. Discuss with suitable
examples.
24. Explain the significance and legal implications of marking cheque and state whether the
marking of a post-dated cheque binds the banker who certifies it.