Business Law

MBA-022

1. Explain Offer and Acceptance according to the Indian Contract Act, 1872.
2. What are the essential elements of a Valid Contract?
3. Describe the persons who are competent to contract under the Indian Contract Act, 1872.
4. All contracts are agreements but all agreements are not contracts. Explain
5. Describe a Quasi Contract.

6. The Income Tax Authorities bring an order of the court of auctioning As property for non-payment
of taxes. B, a friend of A, to save his friends honor, makes payment to the income tax authorities.
Can B later on demand payment from A?
7. A company is entitled to commence business from 1st January, 2010.
Which is the earliest date on which the company may hold its Statutory Meeting?
8. What is the last date by which the company should hold a Statutory Meeting so that the provisions
of Companies Act, 1956 are not violated?
9. The Articles of a Company provided that the shares of a member who became bankrupt would be
offered for sale to other shareholders at a certain price. Is the provision binding on the shareholders?
10. All Contracts are agreements but all agreements are not contracts. Explain the statement.
11. Explain the Doctrine of Caveat Emptor.
12. Discuss briefly various types of Company Meetings.
13. Discuss various types of Negotiable Instruments under The
Negotiable Instruments Act 1881.
14. Explain various provisions of Memorandum of Association and Articles of Association of a
company.
15. Explain various types of Partners under The Partnership Act 1932.
16. Who are the persons who are competent to contract under The Indian Contract Act 1872?
17. Discuss Rights and Duties of partners.