Question Bank
The Companies Amendment Act 2015
a) five members want to start their company in Tea plantation business in Assam state. Write
Memorandum of association for this company. What are the documents require to
incorporate the private company.[10]
b) “Memorandum of Association is the most important charter of a company”. Explain the
statement. Write the memorandum of Association with its clauses for any one product in
Maharashtra state
c) Define Company according to the Companies Act. l956. Explain types of Companies.
d) What is the concept of share capital’? Explain the types of share capital
e) Define &Prospectus’. Who are responsible for mis-statements in a prospectus?
f) “A Certificate of Incorporation is conclusive evidence that the requirements of the
companies Act have been compiled with.” Discuss
g) List out types of companies
h) Define Company. Explain in detail different characterstics of Company.
i) Define share Capital. Explain the different types of shares which can be issued by a public
limited company.
j) Trademark
k) What is Memorandum of Association? Explain any two clauses of Memorandum of
Association.
l) Write short note on below:-
● Prospectus of a company
● Share capital & its different types.
m) Define company as per company act and explain in detail the memorandum of association
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Question Bank
Negotiable Instrument Act 18
1. P took a car from a motor car dealer. According to the terms of the contract P has to pay
monthly instalment of Rs. 8,000 per month. As an advisor which negotiable instrument
you will suggest to P? Why? Explain the differnt types of instruments under N.I. Act,
1881. [10]
2. Mr. (S’ written “ Four months after date, I promise of pay to Mr. (R’ or to his order the
sum of Rupees One lakh for value received.” and signed by Mr (S’ on 21st July 2013
which instrument Mr (S’ should use for such transactions? Describe this instrament and
wirite the essentials for this instrument.
3. A’ drew a bill on B’ for Rs. 5,000/- and endorsed it in favour of C’. The bill was duty
accepted by B’ but it was dishonored on due date for non-payment. C’ failed to give
notice of dishonour to A’. Is A’ discharged from liability? If yes, who will be liable
against C’?
4. What is Crossing of a cheque? Explain various types of crossing?
5. What is an endorsement? Explain various types of endorsement
6. What do you mean by a negotiable instrument? What are the characteristics of a
negotiable instrument
7. Define Negotiable instrument. Which are the recognised Negotiable instruments under
Negotiable Instrument Act.
8. What are the various modes of discharge from liability of parties to a negotiable
Instrument.
9. Define dishonour of Negotiable Instrument? Explain in detail dishonour by Non
acceptance and non payment.
10. State the Meaning of Promissary Note & Bill of exchange & distinguish between them
11. ‘A’ draws a bill an ‘B’ payable to ‘C’. The bill is duly accepted by B and returned to
‘A’. ‘D’ obtains the bill through fraud and endorses the same to ‘E’, who obtains the
same in good faith for value. ‘E’ subsequently endorses the bill to ‘F’ by way of gift.
Discuss the right of ‘F’. Mention your answer in detail.
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12. State the meaning of promissory Note and Bills of exchange & distinguish between
them with examples.
13. Define the term ‘holder in due course’. Explain in detail how a negotiable instrument
can be dishonoured
Question Bank
Consumer Protection ACT 2019
a) Write short notes (Any Two)
a) Digital signature
b) Electronic governance.
c) Patent
d) Rights of Consumers
e) Design.
b) What are different consumer Disputes Redressal agencies? How are they established?
c) Short Notes (any two) :
i) Digital Signature.
i) Objectives of the IT Act, 2000.
iii) Patent.
iv) Trademark
d) Answer any 5 out of the following.
a) Define agreement.
b) Define patent.
c) Define promissory note.
d) Jurisdiction & composition of district forum.
e) List out types of companies.
f) Define Digital signature.
g) Define MoU.
h) Contingent contract
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e) Write short note (any two).
a) Rights of Consumers
b) Digital Signature
c) Trademark
d) Patent
e) Unfair Trade Practice
f) Write short notes on (Any two)
a) Procedure of patent
b) Consumer
c) Jurisdiction & composition of District Forum
d) Digital signature
e) Design
Q 1) Abhay is designing the advertisement campaign for a detergent powder. For the campaign,
he needs slogans highlighting the product. Towards this, he offers to an artist, Manu, Rs. 5000 to
generate five slogans. Manu accepted the offer by signing the offer document and returning it to
Abhay. Manu collects an advance of Rs. 500 but fails to deliver slogan. Abhay realizes that he is
likely to get a much wider and better selection of slogans from the large number of people. Thus
he puts up an advertisement in the newspaper soliciting slogans from the public. The slogans are
to be sent to his address. The sender which qualities will be sent a packet of the washing powder.
Abhay gets a large number of responses. [10]
i) When Manu fails to deliver slogans what are the rights of Abhay? Justify your Answer.
ii ) When Abhay made the offer to public then which type of contract is formed? Justify your
Answer.
OR
Q2 ) i) A’ contracts to pay B’ Rs. 2 lakhs, if B’s house is burnt.
i i) A’ agrees to pay B’ a sum to money if (B’s slip sinks.
iii) A agrees to pay B a sum of money if it rains.
From the above contracts, which type of contract it would be? Justify your answer and give the
definition
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Q 3 ) On 14th May, 2016, P entered into a contract to purchase a motor vehicle from D, an auto
dealer, and paid Rs. 10,000/- as down payment. P informed D that he intended to use the vehicle
for comping during the summer. The vehicle was supposed to be delivered during June, but no
delivery was made through August, P seeks to cancel the contract and to obtain a refund of the
Rs.10,000/- will he succeed? Explain in detail.
OR
Q 4 ) Explain different modes of discharging a contract in detail.
Q 5) X’ sells a horse to Y’ for Rs. l, 500/- but unknown to both the parties at the
time of the transaction, the horse was dead. Discuss the rights & liabilities of X’ &
Y’.
Would it makes any difference to your answer if the horse was seriously ill at the
time of the transaction and dies within a few hours after the transaction?
OR
Q 6 ) What is breach of contract? Describe the remedies of breach of contract.
Q7) What is a contract of guarantee? What are the parties to a contract of guarantee?
Distinguish between a contract of indemnity and a contract of guarantee.
OR
Q8 ) What is a contract of agency? How is it created?
Q9) Answer any two :
a) What is guarantee? What are the provisions of discharge of surety?
b) What is contract of agency? How it is created?
Q10) Define free consent. When the consent is said to be free?
Analyze the situation & comment ‘A’ tells to at the time of selling his car that it is
capable of making a speed of 150 kms per hour. Subsequently, if it turns out after
‘B’ has purchased the car that it can keep up hardly 100 km per hour, the breach of
the representation by the seller (A) amounts to what kind of breach of contract?
Q11) Define offer. Explain essentials of valid offer. Explain any two types of
offer.
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Q12 ) Define any 5 [5×2=10]
a) Valid contract
b) Implied warranty
c) Negotiable instrument
d) Consumer under consumer protection Act.
e) Trade Mark
f) Agent as per agency contract
g) Unpaid seller
h) Digital signature
The Indian Contract Act 1872
Q1 ) Define the term ‘Agent’ as per the contract of agency and explain the rights of an
agent against the principle.
Q 1) Abhay is designing the advertisement campaign for a detergent powder. For the campaign,
he needs slogans highlighting the product. Towards this, he offers to an artist, Manu, Rs. 5000 to
generate five slogans. Manu accepted the offer by signing the offer document and returning it to
Abhay. Manu collects an advance of Rs. 500 but fails to deliver slogan. Abhay realizes that he is
likely to get a much wider and better selection of slogans from the large number of people. Thus
he puts up an advertisement in the newspaper soliciting slogans from the public. The slogans are
to be sent to his address. The sender which qualities will be sent a packet of the washing powder.
Abhay gets a large number of responses. [10]
i) When Manu fails to deliver slogans what are the rights of Abhay? Justify your Answer.
ii ) When Abhay made the offer to public then which type of contract is formed? Justify your
Answer.
OR
Q2 ) i) A’ contracts to pay B’ Rs. 2 lakhs, if B’s house is burnt.
i i) A’ agrees to pay B’ a sum to money if (B’s slip sinks.
Legal Aspects of business
Question Bank
iii) A agrees to pay B a sum of money if it rains.
From the above contracts, which type of contract it would be? Justify your answer and give the
definition
Q 3 ) On 14th May, 2016, P entered into a contract to purchase a motor vehicle from D, an auto
dealer, and paid Rs. 10,000/- as down payment. P informed D that he intended to use the vehicle
for comping during the summer. The vehicle was supposed to be delivered during June, but no
delivery was made through August, P seeks to cancel the contract and to obtain a refund of the
Rs.10,000/- will he succeed? Explain in detail.
OR
Q 4 ) Explain different modes of discharging a contract in detail.
Q 5) X’ sells a horse to Y’ for Rs. l, 500/- but unknown to both the parties at the
time of the transaction, the horse was dead. Discuss the rights & liabilities of X’ &
Y’.
Would it makes any difference to your answer if the horse was seriously ill at the
time of the transaction and dies within a few hours after the transaction?
OR
Q 6 ) What is breach of contract? Describe the remedies of breach of contract.
Q7) What is a contract of guarantee? What are the parties to a contract of guarantee?
Distinguish between a contract of indemnity and a contract of guarantee.
OR
Q8 ) What is a contract of agency? How is it created?
Q9) Answer any two :
c) What is guarantee? What are the provisions of discharge of surety?
d) What is contract of agency? How it is created?
Q10) Define free consent. When the consent is said to be free?
Analyze the situation & comment ‘A’ tells to at the time of selling his car that it is
capable of making a speed of 150 kms per hour. Subsequently, if it turns out after
‘B’ has purchased the car that it can keep up hardly 100 km per hour, the breach of
Legal Aspects of business
Question Bank
the representation by the seller (A) amounts to what kind of breach of contract?
Q11) Define offer. Explain essentials of valid offer. Explain any two types of
offer.
Q12 ) Define any 5 [5×2=10]
i) Valid contract
j) Implied warranty
k) Negotiable instrument
l) Consumer under consumer protection Act.
m) Trade Mark
n) Agent as per agency contract
o) Unpaid seller
p) Digital signature
Q13 ) Define the term ‘Agent’ as per the contract of agency and explain the rights of an
agent against the principle.
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