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AEREN
FOUNDATION’S Maharashtra Govt. Reg. No.:
F-11724
Name : Leema Noori Marks : 80
Course : Bachelors in
Management Studies (BMS)
Subject : Corporate Law
Answer the following question.
Question.1.
Explain delivery (10 marks)
Answer:Delivery is the process of transporting goods from a source location to a
predefined destination. There are different delivery types. Cargo (physical
goods) are primarily delivered via roads and railroads on land, shipping lanes
on the sea and airline networks in the air. Certain specialized goods may be
delivered via other networks, such as pipelines for liquid goods, power grids
for electrical power and computer networks such as the Internet or broadcast
networks for electronic information.
Question.2.
How issue of securities to person resident outside India take place (10 marks)
Answer:The Foreign Exchange Management Act (FEMA), 1999: is an Act of the Parliament of India to
consolidate and amend the law relating to foreign exchange with the objective
of facilitating external trade and payments and for promoting the orderly
development and maintenance of foreign exchange market in India.
As per the Notice Issued by the Government of
India
Question.3.
How to maintain liquid assets (10 marks)
Answer:The term liquidity refers to how fast something can be turned into cold,
hard cash; the kind you stick in your wallet or cash exchange for something
else. Liquid assets are those that are
thought to be turned to cash or purchasing power immediately.
On one
end of the scale of all assets are the dollar bills and coins you have stuffed
in a cookie jar or mattress at home.
These are the most liquid assets, meaning you can immediately spend
them, but are the least safe because they can be destroyed by fire, misplaced,
or stolen. On the other end of the scale
are assets such as real estate, which can take
Question.4.
Write the distinguishing points of void agreement and voidable contract (10
marks)
Answer:It is very usual that people get easily confused between a void contract
and voidable contract, although they both are two different types of contract.
Void Contract is the contracts that cannot be enforceable, but the Voidable
Contract is the contract in which one party has the right to enforce or rescind
the contract. Now, moving on to our topic, the difference between Void and
Voidable Contract.
Question.5.
Threat to commit suicide isit coercion? (10 marks)
Answer:Threat to file a suit. To threaten a criminal or civil prosecution does
not constitute coercion because it is not an act forbidden by the Indian Penal
Code. But a threat to file a suit of a false charge constitutes coercion, for
such an act is forbidden by the I.P.C. (Askari Mirza vs Bibi Jai Kishori)
Threat to commit suicide. Neither suicide nor
threat to commit suicide is punishable under the Indian Penal Code: Only an
attempt to commit
Question.6.
Classify Mercantile or commercial agents (10 marks)
Answer:A mercantile agent is a person who is appointed by those in business to
act on their behalf or to represent them in dealing with other persons. The
person on whose behalf he acts as an agent is known as the ‘Principal’.
A mercantile agent possesses the following
characteristics:
(a) He has the authority to buy and sell
goods on behalf of his principal or to consign them for the purpose of sale;
(b) He does not do business for himself, but
he only represents his principal in all business dealings;
(c) He is a link between the principal and
the third
Question.7.
What are the exceptions to transfer of title by nonowners.(10 marks)
Answer:The person who owns legal title to property, whether real estate or some
item of personal property, owns and possesses the property until she decides to
transfer the title to somebody else. Accordingly, an unauthorized transfer of
title by anybody other than the owner generally has no legal effect, which
means the owner continues holding title to the property while the person who
received the invalid transfer of title owns nothing. The law does provide some
exceptions to this general rule, though.
Good Faith Purchaser: The law will sometimes
Question.8.
Discuss power to impose lesser penalty (10 marks)
Answer:The Commission may, if it is satisfied that any producer, seller,
distributor, trader or service provider included in any cartel, which is
alleged to have violated section 3, has made a full and true disclosure in
respect of the alleged violations and such disclosure is vital, impose upon
such producer, seller, distributor, trader or service provider a lesser penalty
as it may deem fit, than leviable under this Act or the rules or the
regulations: Provided that lesser penalty shall not be imposed by the Commission
in cases where
Dear
students get fully solved assignments
Send
your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call
us at : 08263069601
(Prefer
mailing. Call in emergency )
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