bba 301 legal and regulatory framework 3rd sem bba summer 2015 smu solved assignments
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Dear students to get solved assignments of SMU BBA SUMMER 2015 call us at 8510092683 or mail us at [email protected]TRANSCRIPT
BBA 301 LEGAL AND REGULATORY FRAMEWORK
Dear students to get solved assignments of SMU BBA SUMMER 2015 call us at 8510092683 or mail us at [email protected] “Every person is competent to contract who is of the age of majority according to the law to which he is subject, and who is of sound mind, and is not disqualified from contracting by any law to which he is subject”. In the light of above elaborate the extant provisions of Indian Contract Act, 1872 referring to the famous case: Mohori Bibi V. Dharamadas Ghose.
Answer: ICA states: “Every person is competent to contract who is of the age of majority according to the law to which he is subject, and who is of sound mind, and is not disqualified from contracting by any law to which he is subject”
2 Distinguish between Conditions and Warranties in an agreement to sell. What are the rights of an unpaid seller?
Answer: Conditions And Warranties A stipulation in a contract of sale may be a condition or a warranty, with reference to goods which are the subject matterof the contract [Sec.12 (1)].
Dear students to get solved assignments of SMU BBA SUMMER 2015 call us at 8510092683 or mail us at [email protected] “A negotiable instrument is said to be discharged when all the rights of actions under it are completely extinguished and when the instrument ceases to be negotiable” Elucidate the statement citing the modes of discharge.
Answer: An instrument is said to be discharged when all the right of actions under it are completely extinguished and when it ceases to be negotiable.
4 X, Y and Z decide to form a private limited company. Elaborate the steps to form their company as per the Companies Act, 1956.
Answer: In India, company can be incorporated either as a private limited or public limited. The incorporation procedure is the same all over India.
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5 Your client approaches you to learn the grievance redressal procedures as per Consumer protection Act, 1986. Advise your client.
Answer: The Consumers’ Protection Act provides for the establishment of consumer courts. The Central Government is given the responsibility to create and maintain the National Consumer Disputes Redressal Commission in New Delhi. The State Governments have the responsibility to set up the State Consumer Dispute Redressal Commissions at the State level and District Consumer Dispute Redressal Forums at the district level.
6 “Patents do not cover abstract ideas or theories, but are intended to cover specific technical solutions that have some practical application, use or benefit. A patent is generally available for an eligible invention. Do you agree? Substantiate your agreement/disagreement.
Answer: The fundamental principal of the patent law is that the patent is granted only for an invention, which must be new and useful. Thus, patent can be granted only for a new product or process involving an inventive step and capable of industrial application. Inventive step means a feature that makes the invention not obvious to a person skilled in the art. But it can mean the following:
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