Legal Aspects of Business — DU Bachelor of Management Studies Previous Year Question Papers

Differentiate between an LLP and a partnership firm. 6. Objectives of Consumer Protection Act. (4x6:24) Bachelor of Management Studies (BMS), 2025 Quote relevant cases and sections whenever applicable. 3. Parts of a question must be answered together. For statement given below, indicate whether it is true or false and justify your response with suitable reasoning 1. All contracts are agreements, but all agreements are not contracts. 2. Consideration for a contract may come from a third party as well. 3. There is no criminal liability in case of coerclon. 4. Consideration or object of an agreement is unlawful only if it is forbidden by law. Define and explain the various types of companies recognized under the Companies Act, 2013. Explain the objectives and scope of the Information Technology Act, 2000. (4x8=32) Write a short notc on any 4 out of 6 questions 1. Discharge of a Contract 2. Obligations under a Quasi Contract 3. Types of Crossing a cheque 4. Doctrine of ultra vires 5. Riya purchased a washing machine from a reputed electronic store. Within a week, the motor stopped working. The seller refused to repair or replace it, claiming that the product was sold "as is". Does Riya qualify as a consumer under the Consumer Protection Act, 2019? What remedy can she seek under the Act? (4\4=16) 5. As per Sale of Goods Act 'Actionable claims and Money' are not cover under definition of goods. 6. A promissory note rnust be unconditional and signed by the maker. 7. A private company can invite the public to subscribe for its shares or debentures. 8. An LLP must have at least two designated partners and at least one of them must be a resident in India. Define pledge and state the respective rights and duties of pawnor and pawnee. 9. A consumer includes any person who buys goods or avails services for resale or commercial purposes. Explain the contract of guarantee and its special features. Differentiate between a contact of guarantee and contract of indemnity. 10. Every public authority under the RTI act is required to appoint a Public Information officer to provide information to citizens. (9x2=18) 2 A, a Hindu minor, fraudulently representing himself as major, takes a loan of Rs. 5,000 for the marriage of sister from B at 8% interest. Can B recover the loan and the interest? Give reasons. Read the following cases carefully and provide suitable answers M/s GreenBuild Pvt. Ltd. wants faster approval for a building permit in City X. Its project manager, Raj, secretly approaches Vikram a local fixer and promises to pay {5 lakh if Vikram arranges t-or a favourab le report from the municipal engineer (a public official). Vikram agrees and obtains the favourable report by paying the engineer a bribe. After getting the permit, Raj refuses to pay Vikram, who sues GreenBuild for the {5 1akh. Advise whether Vikram can successfully enforce the promise.