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ASSIGNMENT DRIVE SPRING 2016
PROGRAM MBA
SEMESTER III
SUBJECT CODE & NAME
MB 0051
LEGAL ASPECTS OF BUSINESS
1. a) Indicate the sources of Indian Law.
b) Write notes on :
i) Ignorance of Law
ii) Lex Mercantoria 4+3+3=10
Q2. Narrate the facts and judgement in the case:
i. Harvey Vs. Facey
ii. Peek Vs. Gurney
iii. Ranganayakamma Vs. Alwar Setty 4+4+2=10
Q3. “A negotiable instrument may be dishonoured either by non-acceptance or by non payment” 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
Q4. Who is an unpaid seller? What are the rights of an unpaid seller under extant provisions of law?
• Who is an unpaid seller?
• What are the rights of an unpaid seller under extant provisions of law? 2+8=10
Q5. 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 Consumer Protection Act, 1986. 10
Q6. 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
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