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