FIQ

Reg. No Name:

A PJ ABDUL KALAM TECHNOLOGICAL UNIVERSITY
SECOND TRINESTER MBA DEGREE EXAMINATION JANUARY 2017

MBA 26: BUSINESS LAW

Max. Marks: 60 Duration: 3 Hours

Part A

Answer all questions. Each question carries 2 marks

1 Explain the validity of the contract entered into by a minor for necessaries supplied to him.

2.

At what context a company can promulgate Red Hen-ing prospectus?

3. Mention the acts which are not infringement of copyright.
4.
5

. Name the two legal maxims connected with consideration in the Indian Contract Act.

Who can be called as a Consumer as defined in the Consumer Protection Aet 1986.

(5x2 marks 10 marks)
Part B

Answer any 3 questions. Each question carries 10 marks

How can we say that Consumers are protected of their rights by law? Explain in brief
the various Consumer Dispute Redressal FOlums.

7. Asa Manager, how can you test the validity of an offer?

8. Write the exceptions to the general rule that an agreement made without consideration

9.

is void.

Why equity shareholders are called risk takers? Discuss about different types of shares.

10. A Company cannot easily stop its operations and consider as its advantage. Explain the

procedure for closing of company's operations.
(3x10 marks 30 marks)
Part C

Compulsory question, the question carries 20 marks

11.'X' posted an offer letter to 'Y' on 27 June 2006. On the next day X gives a telegram to

‎revoking his offer. Telegram reached Y at 10 ANI on 3 “June 2006. After that the‏ لا
‎letter of offer reached Y at 11 AM on the same day. Ignoring the revocation telegram of‏
‎X, Y posted the letter of acceptance to X on 4 June.‏
‎a) Whether revocation of offer is valid?‏
‎b) Whether there is a valid contract between X and Y?‏
‎c) Whether there will be a valid contract between X and Y if Y had received the offer‏
‎letter first? Give reasons‏
‎marks)‏ 20(