Monday, September 20, 2010
MBA Term I -Submission date extended
The submission date for assignments has been extended upto 25.9.2010.
Sunday, September 19, 2010
100% attendance rewards... Announced!!!!!
MBA TERM I
Hardeep Kaur
Mohit Pharswan
MBA TERM III
Deepa Chauhan
Priyanka Goel
Moni Rana
Congragulations! students. Keep it up!
Hardeep Kaur
Mohit Pharswan
MBA TERM III
Deepa Chauhan
Priyanka Goel
Moni Rana
Congragulations! students. Keep it up!
Assignment MBA Term -I
MBA Term I – Business Law
Assignment No: - 2 (Problem Solving)
Note: Attempt all the questions
1. Varun sells and delivers goods to Deepak. Agnibesh afterwards, without consideration agrees to pay for them in default of Deepak. Is the agreement valid? Give reasons.
2. Dhruv agrees to sell to Rachit, “My white horse for rupees five hundred or rupees one thousand”. Is the agreement valid?
3. Nikita’s father promised her that he would pay Rs 2000/- per month as pocket money to her. He however did not honor his promise. Can Nikita enforce this promise against him?
4. Bhaskar offers to sell his car for Rs 8000/- to Ankit. Ankit says to Bhaskar that he will buy the car for Rs 6000/-. Is it an acceptance of the offer? Give reasons for your answer.
5. Rajesh offered by letter to buy Saurabh’s motorbike for Rs 50,000/, adding “If I hear no more from you. I shall consider the motorbike as mine”. No answer was given by Saurabh. Is there any contract?
6. Ruchi offered to sell an iPod for Rs 5000/- to Pallavi, but Pallavi was willing to pay only Rs 3000/- . Ruchi refused. Now Pallavi offered Rs 5000/- but Ruchi refused. Was it a valid contract?
7. Mr. Harsh advertises in a newspaper that he would pay Rs 1, 00,000 to anyone who traces his missing son. Bobby traced that boy and claimed the amount of reward. State whether Bobby is entitled to receive the amount of reward in the following cases
(1) If he knew about the reward
(2) If he did not know about the reward
Substantiate your answers using the relevant law and cases on the point
8. Shambu, a minor, borrowed a sum from Sethji by executing a mortgage of his property in favour of Sethji. Subsequently, Shambu sued for setting aside the mortgage. Is the mortgage valid? Can Sethji recover the sum advanced to Shambu? Substantiate your answers using the relevant law and cases on the point.
9. George intends to sell his horse to Richard. George’s horse is medically unfit. He prepares a false certificate of fitness said to be issued under the name of a veterinary doctor. He then pastes this certificate on the door of the stable. Richard without looking at the certificate enters the stable and purchases the horse. Later on Richard comes to know that the horse is medically unfit. Can Richard now cancel the contract on the basis of fraud of George? Give reasons
10. Maria, the mother of an illegitimate child, makes a contract with Stephen, the father of the child whereby he agrees to pay to Maria Rs 2000/- per month in consideration of maintaining the child. After, paying the promised amount for six months Stephen refuses to pay the same. He takes the defence that Maria was performing only the statutory duty to maintain the child, and therefore, there was no consideration for the promise. Decide giving reasons.
11. Sukdev without the request of anyone extinguishes the fire of Mr. Khan’s godown. Sukdev suffers severe burns thereby. Mr. Khan promises to compensate Sukdev for the whole amount that he has spent for his treatment. Can Sukdev enforce the promise of Mr. Khan and recover the amount?
12. Javed fraudulently informs Naved that Javed’s estate is free from encumbrances. Naved, thereupon buys the estate. Later he finds that Javed’s estate is subject to mortgage. Is it a void or voidable contract? State reasons.
13. Dinesh gave a loan to Laila, a married woman to enable her to obtain a divorce from her husband. Dinesh agreed to marry Laila after the divorce. Can Dinesh recover the loan from Laila?
14. Rahul is in need of financial assistance to enable him to file a suit for recovery of Rs.5000/- from Ishwar. Shashi agrees to provide funds to Rahul if Rahul agrees to pay him one-fourth of the amount recovered from Ishwar.
15. Alankrita picks up a packet of sugar with a label stating the price as Rs.30/- at Reliance Super store but the cashier tells her that the correct price for the packet of sugar is Rs.52/- and takes it back from Alankrita. Decide.
16. Laxman, an agent of Kunj&Co refused to hand over the account books to Hari, the new agent sent in his place, unless Kunj & Co released him from all his liabilities. Kunj &Co had to give a release deed as demanded. Is this a valid contract?
17. Mohit offered to sell 100 shares of a company to Pawan. In preparation Pawan sold off some of his own shares to get money to buy the shares. As the sale was hurried, Pawan did not get a good value. In the meanwhile, Mohit changed his mind and communicated to Pawan that he would not be selling the shares. Pawan is demanding damages and compensation. Would Pawan succeed?
18. Saman offered to sell Pradeep a pump set for Rs 8000/-. The payment had to be made by cheque. Pradeep turned it down and offered to buy the pump set for Rs 7000/-. Saman turned down this offer. Later, Pradeep sent a draft for Rs 8000/- saying that the pump set could be delivered. In the meantime, Saman sold off the pump set to Fahad. Saman returned the bank draft sent by Pradeep. A dispute arose between the parties. Decide.
19. Aditya applied to the Greater Noida Authority for license to build additional 2 storey’s in a building which has at present one storey. The permission was refused. Aditya had to dispose of the single storey building but later permission was granted by Greater Noida Authority to construct two more storeys. Aditya claims damages for the loss of excess money he could have got if such permission was given earlier. Decide.
20. Virender agrees to sell his Waganor to Arif two months after the date of the contract. But after 50 days of the contract, Virender sells the car to Hardeep. Thereupon, Arif sues Viender for the breach of contract. Virender contends that he could still perform the contract by repurchasing the car from Hardeep. Will Virender succeed? Give full reasons for your answer
Assignment No: - 2 (Problem Solving)
Note: Attempt all the questions
1. Varun sells and delivers goods to Deepak. Agnibesh afterwards, without consideration agrees to pay for them in default of Deepak. Is the agreement valid? Give reasons.
2. Dhruv agrees to sell to Rachit, “My white horse for rupees five hundred or rupees one thousand”. Is the agreement valid?
3. Nikita’s father promised her that he would pay Rs 2000/- per month as pocket money to her. He however did not honor his promise. Can Nikita enforce this promise against him?
4. Bhaskar offers to sell his car for Rs 8000/- to Ankit. Ankit says to Bhaskar that he will buy the car for Rs 6000/-. Is it an acceptance of the offer? Give reasons for your answer.
5. Rajesh offered by letter to buy Saurabh’s motorbike for Rs 50,000/, adding “If I hear no more from you. I shall consider the motorbike as mine”. No answer was given by Saurabh. Is there any contract?
6. Ruchi offered to sell an iPod for Rs 5000/- to Pallavi, but Pallavi was willing to pay only Rs 3000/- . Ruchi refused. Now Pallavi offered Rs 5000/- but Ruchi refused. Was it a valid contract?
7. Mr. Harsh advertises in a newspaper that he would pay Rs 1, 00,000 to anyone who traces his missing son. Bobby traced that boy and claimed the amount of reward. State whether Bobby is entitled to receive the amount of reward in the following cases
(1) If he knew about the reward
(2) If he did not know about the reward
Substantiate your answers using the relevant law and cases on the point
8. Shambu, a minor, borrowed a sum from Sethji by executing a mortgage of his property in favour of Sethji. Subsequently, Shambu sued for setting aside the mortgage. Is the mortgage valid? Can Sethji recover the sum advanced to Shambu? Substantiate your answers using the relevant law and cases on the point.
9. George intends to sell his horse to Richard. George’s horse is medically unfit. He prepares a false certificate of fitness said to be issued under the name of a veterinary doctor. He then pastes this certificate on the door of the stable. Richard without looking at the certificate enters the stable and purchases the horse. Later on Richard comes to know that the horse is medically unfit. Can Richard now cancel the contract on the basis of fraud of George? Give reasons
10. Maria, the mother of an illegitimate child, makes a contract with Stephen, the father of the child whereby he agrees to pay to Maria Rs 2000/- per month in consideration of maintaining the child. After, paying the promised amount for six months Stephen refuses to pay the same. He takes the defence that Maria was performing only the statutory duty to maintain the child, and therefore, there was no consideration for the promise. Decide giving reasons.
11. Sukdev without the request of anyone extinguishes the fire of Mr. Khan’s godown. Sukdev suffers severe burns thereby. Mr. Khan promises to compensate Sukdev for the whole amount that he has spent for his treatment. Can Sukdev enforce the promise of Mr. Khan and recover the amount?
12. Javed fraudulently informs Naved that Javed’s estate is free from encumbrances. Naved, thereupon buys the estate. Later he finds that Javed’s estate is subject to mortgage. Is it a void or voidable contract? State reasons.
13. Dinesh gave a loan to Laila, a married woman to enable her to obtain a divorce from her husband. Dinesh agreed to marry Laila after the divorce. Can Dinesh recover the loan from Laila?
14. Rahul is in need of financial assistance to enable him to file a suit for recovery of Rs.5000/- from Ishwar. Shashi agrees to provide funds to Rahul if Rahul agrees to pay him one-fourth of the amount recovered from Ishwar.
15. Alankrita picks up a packet of sugar with a label stating the price as Rs.30/- at Reliance Super store but the cashier tells her that the correct price for the packet of sugar is Rs.52/- and takes it back from Alankrita. Decide.
16. Laxman, an agent of Kunj&Co refused to hand over the account books to Hari, the new agent sent in his place, unless Kunj & Co released him from all his liabilities. Kunj &Co had to give a release deed as demanded. Is this a valid contract?
17. Mohit offered to sell 100 shares of a company to Pawan. In preparation Pawan sold off some of his own shares to get money to buy the shares. As the sale was hurried, Pawan did not get a good value. In the meanwhile, Mohit changed his mind and communicated to Pawan that he would not be selling the shares. Pawan is demanding damages and compensation. Would Pawan succeed?
18. Saman offered to sell Pradeep a pump set for Rs 8000/-. The payment had to be made by cheque. Pradeep turned it down and offered to buy the pump set for Rs 7000/-. Saman turned down this offer. Later, Pradeep sent a draft for Rs 8000/- saying that the pump set could be delivered. In the meantime, Saman sold off the pump set to Fahad. Saman returned the bank draft sent by Pradeep. A dispute arose between the parties. Decide.
19. Aditya applied to the Greater Noida Authority for license to build additional 2 storey’s in a building which has at present one storey. The permission was refused. Aditya had to dispose of the single storey building but later permission was granted by Greater Noida Authority to construct two more storeys. Aditya claims damages for the loss of excess money he could have got if such permission was given earlier. Decide.
20. Virender agrees to sell his Waganor to Arif two months after the date of the contract. But after 50 days of the contract, Virender sells the car to Hardeep. Thereupon, Arif sues Viender for the breach of contract. Virender contends that he could still perform the contract by repurchasing the car from Hardeep. Will Virender succeed? Give full reasons for your answer
Saturday, September 18, 2010
Industrial relations and Labour Laws- Syllabus -Term III
Industrial relations – An Overview
• Overview of Industrial Relations (IR)
• Meaning and Scope of IR
• Perspectives/Approaches to IR
• Major stake holders of IR
• Evolution of IR in India
• Changing Dimensions of IR in India
• Impact of globalization on IR
• ILO
Trade Unionism
• Concepts, Functions, Objectives , Structure
• Kinds of Trade Unions
• Problems of Trade Unions
• Trade union movement in India
• Trade Union Act, 1926
o Applicability
o Registration
o Recognition of Trade unions
o Immunities available to Trade union office bearers
Practical Overview*
Dealing with trade unions
Dispute resolution
• Causes of Industrial Disputes
• Standing Orders& Grievance Procedure
o The Industrial Employment (standing orders) Act, 1946
• Participative Management
• Collective Bargaining
• The Industrial Disputes Act, 1947
o Concept of Industry and workman
o Dispute Resolution Methods & Machinery
Conciliation
Arbitration
Adjudication
o Layoff
o Closure
o Retrenchment
o Strike
Labour Welfare
• Objectives, benefits to workers.
• Workers Education and Training
Labour
Legislations
(Only Main Provisions)
(Brief overview)
. Evolution and importance of Labour Legislation in India
• Protective Legislation
o The Factories Act, 1948
• Wage Legislation
o Minimum Wages Act, 1948
o Payment of Wages Act, 1936
o Equal remuneration Act,1976
o Payment of Bonus Act, 1965
o Payment of Gratuity Act, 1972
• Social Security Legislation
o Workmen’s Compensation Act, 1923
o Employees’ Provident Fund, 1952
o Employees State Insurance Act,1976
o The Maternity Benefit Act, 1961
o Unorganized Workers Social Security Act 2008
• Miscellaneous Legislations
Child Labour (Prohibition and Regulation) Act, 1986
Sexual harassment at workplace- A legal perspective
Practical Overview*
Compliances to be done before setting up a factory
•Filling of Provident fund form, Problems with Provident fund
• Overview of Industrial Relations (IR)
• Meaning and Scope of IR
• Perspectives/Approaches to IR
• Major stake holders of IR
• Evolution of IR in India
• Changing Dimensions of IR in India
• Impact of globalization on IR
• ILO
Trade Unionism
• Concepts, Functions, Objectives , Structure
• Kinds of Trade Unions
• Problems of Trade Unions
• Trade union movement in India
• Trade Union Act, 1926
o Applicability
o Registration
o Recognition of Trade unions
o Immunities available to Trade union office bearers
Practical Overview*
Dealing with trade unions
Dispute resolution
• Causes of Industrial Disputes
• Standing Orders& Grievance Procedure
o The Industrial Employment (standing orders) Act, 1946
• Participative Management
• Collective Bargaining
• The Industrial Disputes Act, 1947
o Concept of Industry and workman
o Dispute Resolution Methods & Machinery
Conciliation
Arbitration
Adjudication
o Layoff
o Closure
o Retrenchment
o Strike
Labour Welfare
• Objectives, benefits to workers.
• Workers Education and Training
Labour
Legislations
(Only Main Provisions)
(Brief overview)
. Evolution and importance of Labour Legislation in India
• Protective Legislation
o The Factories Act, 1948
• Wage Legislation
o Minimum Wages Act, 1948
o Payment of Wages Act, 1936
o Equal remuneration Act,1976
o Payment of Bonus Act, 1965
o Payment of Gratuity Act, 1972
• Social Security Legislation
o Workmen’s Compensation Act, 1923
o Employees’ Provident Fund, 1952
o Employees State Insurance Act,1976
o The Maternity Benefit Act, 1961
o Unorganized Workers Social Security Act 2008
• Miscellaneous Legislations
Child Labour (Prohibition and Regulation) Act, 1986
Sexual harassment at workplace- A legal perspective
Practical Overview*
Compliances to be done before setting up a factory
•Filling of Provident fund form, Problems with Provident fund
Syllabus for Business Law -Term I
Introduction to Indian Legal System
Introduction to Law, Legal Terminology, Different Legal systems of the world (Brief overview), Sources of law, Salient Features of Constitution of India, Judiciary, Hierarchy of courts
Indian Contract Act 1872
Definition, concept of contract, valid contract and its essential elements, Types of contract, Quasi Contract, Discharge of Contract; Breach of contract and its remedies, Agency, Contract of indemnity and guarantee, Bailment
Practical overview *
Employment contracts
Important Clauses in Corporate & Commercial Agreements
Alternate Dispute Resolution
Sale of Goods Act, 1930
Contract of sale, agreement to sell, Conditions and warranties, Hire-Purchase, Passing of property, transfer of property, remedies for breach; rights of unpaid sellers. Doctrine of caveat emptor
Practical overview*
Examination of Hire purchase agreements
Negotiable Instruments Act, 1881
Definition and characteristics, promissory notes, bills of exchange and cheque, parties to negotiable instrument; methods of negotiation of instrument Endorsement and delivery of a negotiable instrument, negotiation by unauthorized parties
Practical Overview*
Procedure to be followed in case of dishonour of cheques
Indian Partnership Act 1932
Definition of partnership, types of partnership, formation of partnership, registration of partnership, kinds of partners, rights and liabilities of partners, minor’s status in a partnership firm, dissolution of partnership firm.
Practical Overview *
Requirements in a partnership deed
Limited Liability Partnership Act 2008
Companies Act 1956
Definition, Characteristics, formation of company, memorandum and articles of associations of a company, types of companies, management of companies, Directors and meetings; Winding up of companies.
Practical overview*
How to form a company –Practical aspects
MCA 21
Consumer Protection Act 1986
Consumer, Rights of consumer, Definitions, Nature and scope of remedies available to the consumers
Practical overview*
Model form of a complaint
Introduction to Law, Legal Terminology, Different Legal systems of the world (Brief overview), Sources of law, Salient Features of Constitution of India, Judiciary, Hierarchy of courts
Indian Contract Act 1872
Definition, concept of contract, valid contract and its essential elements, Types of contract, Quasi Contract, Discharge of Contract; Breach of contract and its remedies, Agency, Contract of indemnity and guarantee, Bailment
Practical overview *
Employment contracts
Important Clauses in Corporate & Commercial Agreements
Alternate Dispute Resolution
Sale of Goods Act, 1930
Contract of sale, agreement to sell, Conditions and warranties, Hire-Purchase, Passing of property, transfer of property, remedies for breach; rights of unpaid sellers. Doctrine of caveat emptor
Practical overview*
Examination of Hire purchase agreements
Negotiable Instruments Act, 1881
Definition and characteristics, promissory notes, bills of exchange and cheque, parties to negotiable instrument; methods of negotiation of instrument Endorsement and delivery of a negotiable instrument, negotiation by unauthorized parties
Practical Overview*
Procedure to be followed in case of dishonour of cheques
Indian Partnership Act 1932
Definition of partnership, types of partnership, formation of partnership, registration of partnership, kinds of partners, rights and liabilities of partners, minor’s status in a partnership firm, dissolution of partnership firm.
Practical Overview *
Requirements in a partnership deed
Limited Liability Partnership Act 2008
Companies Act 1956
Definition, Characteristics, formation of company, memorandum and articles of associations of a company, types of companies, management of companies, Directors and meetings; Winding up of companies.
Practical overview*
How to form a company –Practical aspects
MCA 21
Consumer Protection Act 1986
Consumer, Rights of consumer, Definitions, Nature and scope of remedies available to the consumers
Practical overview*
Model form of a complaint
Friday, September 17, 2010
Welcome students!
Dear MBA Ist year students of sharda university, welcome to my blog. I hope this blog will be an interactive platform between us.
Subscribe to:
Posts (Atom)