DRIVE

PROGRAM
SEMESTER
SUBJECT CODE &
NAME
BK ID
CREDIT
MARKS

ASSIGNMENT
SPRING 2016
MBA
III
MB 0051
LEGAL ASPECTS OF BUSINESS
B1725
4
60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Q.No
1

Question

a) Sources of Indian Law

b) Write notes on :
i)
Ignorance of Law
ii)
Lex Mercantoria

Total Marks

4
3
3

10

4
4
2

10

Narrate the facts and judgement in the case :

i.
ii.
iii.

Marks

a) Indicate the sources of Indian Law.

b) Write notes on :
i)
Ignorance of Law
ii)
Lex Mercantoria

Harvey Vs. Facey

Peek Vs. Gurney
Ranganayakamma Vs. Alwar Setty

Narrate the facts and judgement in the case :

i.
ii.
iii.

Harvey Vs. Facey

Peek Vs. Gurney
Ranganayakamma Vs. Alwar Setty

A negotiable instrument may be dishonoured either by non-acceptance or by nonpayment Enumerate referring to the rules as laid down in the Act.

Modes of dishonour of a negotiable instrument as

laid down in the Act.

10
10

Who is an unpaid seller ? What are the rights of an unpaid seller under extant provisions
of law ?

Who is an unpaid seller ?

2
What are the rights of an unpaid seller under extant 8
provisions of law ?

10

Describe the jurisdictions of District Forum, State Council, National council and Supreme
Court of India as per Consumer Protection Act, 1986.

Jurisdictions of District Forum, State Council,

National council and Supreme Court of India as per 10
Consumer Protection Act, 1986.

10

Enumerate the steps to float a limited company.

The company being an artificial person, how are the affairs of a company managed ?

Procedure for floating a limited company

Procedure of company management

5
5

10