Contact www.solvedcare.

com for best and lowest cost solution or email

solvedcare@gmail.com

Business Laws V6

Assignment A

1 . �The fundamental attribute of corporate personality is that company is a

legal entity distinct from the members.�Elucidate the statement .Also specify the
important features of a company.
2 . Discuss the essential elements of a valid contract.
3 . Explain - �different modes of crossing of a cheque� and section 138 as per
the provisions of the Negotiable Instrument Act, 1881.
4 . What are the characteristics of negotiable Instrument? Discuss the
�privileges� of holder in due course as per the provisions of the Negotiable
Instruments Act, 1881? Also state the important amendment to be incorporated under
sec 138 of the act.
5 . Elaborately explain the essential features of the consumer protection act
1986. Also briefly discuss unfair trade practice and restrictive trade practice as
discussed under consumer protection Act?
6 . Write short notes on any three of the following.
(a) �A stranger to the consideration can enforce the contract�. Explain the
exceptions in the following.
i- Supervening Impossibility
ii- Novation
(b)Anticipatory breach of Contract
(c) A private company has only 2 shareholders who are also the
directors with equal rights of management and voting power. The company has made
large profits, but there is a complete deadlock in the management of the company.
One of the shareholders applied for the winding up of the company. Decide at what
moment does a winding up by the court commence?
(d) What is a �Prospectus�? Is it obligatory for a company to file a prospectus
or a statement in lieu of prospectus with the Registrar of Companies?
(e) What is meant by the rule of �Caveat Emptor� and what are its exceptions?
7 . �A company is a legal person distinct from its members taken individually or
collectively�. Comment. Also detail the important features of a company.
8 . Discuss consumer dispute redressal forums & consumer councils with respect to
its pecuniary (Financial) jurisdictions?
Contact www.solvedcare.com for best and lowest cost solution or email
solvedcare@gmail.com