MIBM EMBA Answer Sheets – How and on what grounds can offer be revoked

MIBM EMBA Answer Sheets – How and on what grounds can offer be revoked

MIBM EMBA Answer Sheets – How and on what grounds can offer be revoked

 

 

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Legal Environment and Business Law

 

 Part – A (45 Marks)
Attempt any Three Question
1- Describe the composition and powers of Cyber Regulatory Appellate Tribunal.
2- State the objectives and scope of IT Act, 2000.
3- How is a contract of sale made? Describe briefly the necessary formalities of such a contract with illustrations.
4- Who is a consumer under the Consumer Protection Act? What are the rights of the consumer?
5- How is the company formed under the Companies Act, 1956? Enumerate the various documents to be filled with the Registrar
Part – B (35 Marks)
Attempt any five Question
1- “Once a bearer instrument always a bearer instrument.” Comment.
2- What is a Digital Signature? How is it used? What are the duties of certifying authorities in regard to its usage?
3- Can a Negotiable Instrument be made payable to bearer on demand I Explain.
4- Define the following terms as used in the Consumer Protection Act: complaint, consumer, manufacturer, restrictive trade practice, unfair trade practice.
5- What are the parties to a Promissory Note, a bill of exchange and a Cheque?
6- Name the parties involved in consumer protection. Explain their role in protecting the interests of the consumers.
7- How and on what grounds can offer be revoked?
Part – C (20 Marks)
Attempt any two Question
1-Distinguish between a contract of indemnity and a contract of a guarantee.
2-Define the term ‘Contract of Sale’. State the essentials of a valid contract of sale.
3- State the various ways of dissolution of a firm.

MIBM EMBA Answer Sheets – How and on what grounds can offer be revoked

MIBM EMBA Answer Sheets – How and on what grounds can offer be revoked

 

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