BBA301 - Legal and Regulatory Framework

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

help.mbaassignments@gmail.com

or

call us at : 08263069601

ASSIGNMENT

DRIVE	WINTER 2017
PROGRAM	BACHELOR OF BUSINESS ADMINISTRATION (BBA)
SEMESTER	III
SUBJECT CODE & NAME	BBA301 - Legal and Regulatory Framework
BK ID	B1595
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.

Question. 1. Describe the Essentials of a Contract in detail

Answer: According to Section 10, “All agreements are contracts if they are made by the free consent of the parties competent to contract, for a lawful consideration and with a lawful object and are not hereby expressly declared to be void.”

The analysis of the provisions of Section 10 shows that a valid contract musthave the following essential elements:

1. Proper Offer and Acceptance: There must be at least two parties­- one making the offer and the other accepting it. Such offer any acceptance must

Question. 2. According to the Sale of Goods Act, what are the Rights and Duties of Buyers?

Answer: DUTIES OF SELLER AND BUYER

It is the duty of the seller to deliver the goods and the buyer to accept and pay for them, in accordance with terms of contract of sale.

Unless otherwise agreed delivery of the goods and payment of price are concurrent conditions; that is to say that seller shall be ready and willing to give possession of the goods to the buyer in exchange of the price and the buyer shall be ready and willing to pay the price in exchange of possession of the goods.

The seller of goods has a duty of giving delivery according to the terms of the contract and according to rules contained in the Sale of Goods Act.

Question. 3. What are the important Features of Partnership?

Answer: The proprietorship form of ownership suffers from certain limitations such as limited resources, limited skill and unlimited liability. Expansion in business requires more capital and managerial skills and also involves more risk. A proprietor finds him unable to fulfill these requirements. This call for more persons come together, with different edges and start business. For example, a person who lacks managerial skills but may have capital.

Another person who is a good manager but may not have capital. When these persons come together, pool their capital and skills and organise a business, it is called partnership. Partnership grows essentially because of the limitations or disadvantages

Question. 4. Describe the structure & objectives of The Central Consumer Protection Council

Answer: The Consumer Protection Act, 1986 sought to provide better protection to the interests of the consumers and for that purpose made provisions for the establishment of Consumer Protection Councils and other authorities for resolving consumers’ disputes. The Consumer Protection Councils would be set up at national and state levels (Section 6 of Consumer Protection Act)

The objects of the Central Consumers Protection

Question. 5. Define Salient Features of Competition Act

Answer: The Competition Act, 2002 was enacted by the Parliament of India and governs Indian competition law. It replaced the archaic The Monopolies and Restrictive Trade Practices Act, 1969. Under this legislation, the Competition Commission of India was established to prevent the activities that have an adverse effect on competition in India. This act extends to whole of India except the State of Jammu and Kashmir.

Question. 6. Discuss salient features of Trade Mark Act, 19990

Answer: The Trade Mark bill 1999 was passed and the bill received the accent of the President of India on the 30th Dec 1999 and became an Act. The Draft Trademark Rules were notified on 18th May, 2001 and approved Rules were notified on 26th February, 2002. The new Act has been brought into force on 15th September 2003 after considerable lapse of time. 

The Salient features of the Trade Marks Act, 1999, are as follows: 

Registration of Trade Mark for Services [Sec. 2(2)(z)]

The new law provides for registration of trade marks for services

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

help.mbaassignments@gmail.com

or

call us at : 08263069601