BUSINESS REGULATORY FRAMEWORK 2009
1. Explain the
concept "No consideration no contract” and discuss the exceptions to this rule.
What is meant by a "breach of
contract”? what remedies are provided in law to an injured party in case of
breach of contract?
2. Distinguish between conditions and
warranties. Give a brief description of various conditions as given in sale of
Who is an unpaid seller? Discuss
the rights of an unpaid seller against the goods and the buyer.
3. When a bill of exchange is said to
be dishonoured? What are the steps which a holder of negotiable instrument may
take to protect his interest when the instrument is dishonoured?
Write short notes on:
and holder in the due course.
types of crossing of a cheque.
4. Discuss briefly
about the redressal machineries functioning under consumer protection act.
How can a minor become a partner
of a partnership firm? Discuss the rights and liabilities of a minor partner
before and after attaining majority.
5. What are the objectives of enacting
foreign exchange management act, 1999? Mention the reasons for repealing
foreign exchange regulation act.
Write a note on powers of
Reserve Bank of India to regulate and manage foreign exchange under foreign
exchange management act.