Course: Business Law

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NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Business Law

Internal Assignment Applicable for December 2016 Examination

Assignment Marks: 30

Instructions:

·       All Questions carry equal marks.

·       All Questions are compulsory

·       All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3 in not more than 500 words for each subsection. Use relevant examples, illustrations as far as possible.

·       All answers to be written individually. Discussion and group work is not advisable.

·       Students are free to refer to any books/reference material/website/internet for attempting their assignments, but are not allowed to copy the matter as it is from the source of reference.

·       Students should write the assignment in their own words. Copying of assignments from other students is not allowed.

Question. 1. Please give a practical example each of Contract of Indemnity and Contract of Guarantee. Also identify and highlight as to how these contracts, as quoted by you as examples, are different from each other. (10 Marks)

Answer: The contract plays very important part in our business communication and deadlines. When it comes to business then you need to understand that business cannot be complete without proper contracts. But, in order to make sure that your contract has the ability to provide you exactly what you need, you would need to understand the difference between Contract of Indemnity and Contract of Guarantee.

Contract of Indemnity and Contract of Guarantee works almost the same way but they play different role in business. Below is the chart of comparison which will demonstrate the differences between these two contracts.

Question. 2. Please explain the Corporate Social Responsibility (CSR) obligation as enshrined under the Companies Act, 2013. Please quote at least two examples of CSR in recent times. (10 Marks)

Answer: The corporate social responsibility is the major part of business that makes it possible to establish growth in business with ethics and management. In fact, we can say that the term CSR or corporate social responsibility has several regulations and provisions under the Companies Act, 2013 which allows companies to stay on the white side.

Question. 3. Ms. Neha had purchased a Watch from a Showroom in Mumbai. Neha gifted the Watch to her college friend Ms. Rita who stays in Patna. The payment for the Watch was made by Neha. Rita on opening the Gift found the watch to be having a manufacturing defective

a) In this example, who is the Consumer as per the definition mentioned in Consumer Protection Act, 1986 and under which Section? Can Rita file a consumer complaint against the Watch Company? Explain with reasons? (5 Marks)

Answer: In this case, Ms. Neha is the consumer as per the definition mentioned in the consumer protection act, 1986 and under section 27 and 27A.

This is the part where Rita is a person who received the gift of a watch but she did not get the watch purchased. Neha is the person who purchased and paid

b) Explain the doctrine and its specific exception defined in Contract Act, 1872 which exponents that Rita is entitled to sue the Watch Company. (5 Marks)

Answer: In this case, Rita has the rights to describe the entire procedure of her watch receipt and defect discovery which will allow her to be the consumer. And then, she would be able to sue the watch company when the company refuses to do any settlement or resolution of her problem.

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Send your semester & Specialization name to our mail id :

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