VIKRAMA SIMHAPURI UNIVERSITY, NELLORE
MBA DEGREE I SEMESTER I INTERNAL EXAMINATION
105-BUSINESS LAW
Time: 2 hrs
Max. Marks: 50
SECTION – A
1) Answer any FIVE of the following questions
a) Source of Business Law
b) Voidable Contract
c) Quasi Contract
d) Reciprocal Promises
e) Contingent Contract
f) Continuing Guarantee
g) Contract of Indemnity
h) Consumer
SECTION – B
2) Answer the following questions
a) What is the object and nature of the law of contract?
Or
What are the objects of the consumer protection act 1986?
b) “All agreements are not contracts, but all contracts are agreements”. Discuss the statement explaining the essential elements of valid contract.
Or
Distinguish Indemnity and guarantee contracts.
SECTION – C
CASE STUDY COMPULSORY
1. X purchases a flat from builder for consideration. Later X finds that there is leakage in the roof. Can he file a complaint?
2. A forced B to enter into a contract at the point of pistol. What remedy is available to B, if he does not want to be bound by the contract.