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MB 0051: “Legal Aspects of Business Assignment
Post: #1

MB 0051: “Legal Aspects of Business


.pdf  Legal Aspects.pdf (Size: 257.48 KB / Downloads: 49)

Q1.
Discuss the nature and significance of business law.

What is Partnership? Briefly state special features of a partnership on the basis of which its existence can be determined under the Indian Partnership Act?

Q3.
Examine the rights of a consumer enshrined under the Consumer Protection Act, 1986.

Q4.
What do you mean by bailment? What are the requisites of a contract of bailment? Explain.

Q5.
Name the instruments which are recognized as negotiable instruments by the Negotiable Instruments Act, 1881.

Q6.
a) Write short note on Intellectual property right.
b) A leaves a cow in the custody of B to be taken care of. The cow gives birth to a calf. Who will take the calf and why?
Post: #2

Success comes when joint investment gathers in the market. So when two or more people agreed to start a business under private limited company their liabilities are limited on their part. The act of private limited liability company has detail process and regulation to establish this business.

Terms to consider for setting up a limited liability company: The limited liability company apart from the sole business is the popular form of business structure in the UK. In this limited partnership the liability of members is limited, which means that the capital of the company is independent of the personal assets of the owner of the company. But for sole traders, all of their assets are responsible for the business (Jasper, 2001). Thus we can define the limited liability company as a business formed by one or more of an individual whose liability is limited on their part.
 

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