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ASSIGNMENT
|
DRIVE
FALL
|
SUMMER
2014
|
|
PROGRAM
|
MBADS/
MBAFLEX/ MBAHCSN3/ MBA – SEM 3
PGDBMN/
PGDENMN/ PGDFMN/ PGDHRMN/ PGDHSMN/ PGDIB/ PGDISMN/ PGDMMN/ PGDOMN/ PGDPMN/
PGDROMN/ PGDSCMN/ PGDTQMN – SEM 1
|
|
SUBJECT
CODE & NAME
|
MB0051-Legal
Aspects of Business
|
|
BK
ID
|
B1725
|
|
CREDITS
|
4
|
|
MARKS
|
60
|
Note:
Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Q.
1. Explain the performance of contracts
Answer:
Definition
Execution of
a contract by which the contracting parties are automatically discharged (see
discharge of contract) of their obligations under it. Although contracts
usually call for full and precise performance, a substantial performance may be
acceptable under certain circumstances, on a pro rata basis, or on payment of
damages for the unfinished or defective performance. Execution of the terms of a contract after
which the involved parties are discharged from their duties, as listed within
the contract. A payment is usually made
Q.
2. Elaborate the rights of surety.
Answer:
Rights of Surety can be classified into three groups, as follows;
Q.
3. Discuss the termination of bailment.
Answer: A contract
of bailment is voidable at the option of the bailor, if the bailee does any act
with regard to the foods bailed, inconsistent with the conditions of the
bailment.For example, A lets to B, for hire, a horse of his own riding B drives
the horse in his carriage. This is, at the option of A, a termination of the
bailment.
Law relating to
termination of bailment is
Q.
4. Explain the performance of a contract of sale of goods.
Answer:
Performance of a contract of sale implies a duty of
the seller to deliver the goods, and of the buyer to accept the delivery of the
goods and make payment in accordance with the terms of the contract (sec. 31).
Delivery of goods sold
may be made by doing anything which the parties agree shall be treated as
delivery or which has the effect of putting the goods in the possession of the
buyer or of any person authorized by him (Sec. 33).
Q.
5. Discuss the law related to the prohibition of anti-competitive agreements.
Answer: Agreements
which cause or are likely to cause appreciable adverse effect on competition
are anti-competitive agreements. Horizontal agreements are those that are
between enterprises at the same stage of the production chain. For example,
agreement between two rivals is a horizontal agreement. In cases of agreements
between rivals for fixing prices or for limiting production or for sharing
markets, there is a presumption in the Act that such agreements cause
appreciable adverse effects on competition.
the implications of
anti-competitive agreements and
Q.
6. Explain the need and types of meetings.
Answer:
Members of a company discuss organizational issues and other agenda
through a personal gathering or through a conference call. A meeting is a
routine activity in a company. It is even part of the weekly itinerary of many
working individuals and business people. Meetings can be formal or informal,
but for the most part, organizational meetings usually take a formal setting
where preparation must be done to properly plan and execute the meeting.
There are various types
of meetings that may depend on its nature and the objectives or purpose of the
gathering. Any company can utilize a particular type of meeting according to
what the participants aim to achieve after the conference.
Need
for meeting: Formulating a set of
Dear
students get fully solved assignments
Send
your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
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us at : 08263069601
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