BUSINESS REGULATORY FRAMEWORK 2009
1. Explain the
concept "No consideration no contract” and discuss the exceptions to this rule. Or
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
goods act. Or
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? Or
Write short notes on:
(a) Holder
and holder in the due course.
(b) Different
types of crossing of a cheque.
4. Discuss briefly
about the redressal machineries functioning under consumer protection act. Or
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. Or
Write a note on powers of
Reserve Bank of India to regulate and manage foreign exchange under foreign
exchange management act.
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