What are the concepts of Patents, Copyrights, Trademarks and Designs under the Patents Act? Another aspect defines duties of. Que 6. 6. secrecy of the information known to the concerned parties and minimizes the (6). Just having them part of your workforce can be a tough, uphill battle, with taxes, employment laws, and a whole host of other factors all part of the process. Whether you are thinking of incorporating a new entity or looking for laws when raising funds or having a merger or even something . Q6) a) State the doctrine of caveat emptor and exceptions to it with help of suitable examples. ii)List the principles of Corporate Governance. Download. This will enable the company to undertake new partners, through legal agreement with existing partners, business enterprise can also decide rights and obligations of members through a mutual, consent and agreement. Integrated Marketing Communications Commencing a business journey isnt a straightforward job as it attracts heaps of legal compliances. It helps businesses to create a distinct identity in the market. Shop and Establishment license is issued by the labor department of the respective state. 1. Hope this set of legal aspects of business question papers will help to understand the structure and nature of questions. Q-6) Explain are the types of breach of contract? For example, you are not allowed to sell some items on consecutive Saturdays and Sundays. What is a contract for Sale of Goods under the sale of Goods Act 1930? at bay, which further resulted in a liquidity crunch. 1) Q.No. i) Certifying Authorities under Information Technology Act 2000. ii) Provisions regarding Accounts and Audit under the Companies Act. businesses, in particular, always have trouble with keeping irrelevant expenses Every individual and even more a business man needs even more thorough knowledge of the law than the person not so engaged. Motivation Distinguish between Sale and Agreement to sale. General examples of Legal Factors affecting business include: Consumer law Discrimination law Copyright law Health and Safety law Employment law Fraud law Pyramid scheme legality Import/Export law The authors take special care to engage students by relating law to everyday events with their clear, concise and readable style. complicated legal issues or structures or for areas where the professional does not feel competent to make decisions. Explain the Qualification composition and powers of District Forum. 1. Give suitable examples. An experienced lawyer can help resolve the matter by representing the insured and getting the highest possible amount that they're entitled to under their policy. Q-1) Elaborate the concept of Consideration. b) Types of goods under sale of goods Act. The mutual contact between the parties, at time, creates legal problems. Attempt any four questions from Q.No. The paper "Legal Aspects of Business" is a wonderful example of an essay on business. The Law . Q-3) Define Promissory Note explain with illustrations the various characteristics ofPromissory Note. It is written as at 30 September 2019 11 and from the standpoint of English law. Define company. Small Group Discussion Topics Licences, permits and regulatory requirements. 20 examples: The earlier decision de-emphasized the strictly legal aspect of the decree Q1. The LLP act 2000 has been developed within 18 chapters. Bankrupt as defined in the text means "the state or condition of one who is unable to pay his debts as they are, or become, due". DTE Maharashtra Another aspect defines duties of directors as outlined under company's act. case you unable to figure out which legal structure can give best fit for your It explains the various legal aspects of business with the help of numerous examples, figure and cases from the Indian context. Interesting Topics To avail this license, one has to nominate AIR, i.e. are the reasons that support the obtainment of Trademark protection for a What are the contents of the Prospects? 25 Legal Research Topics for any Taste Unresolved law issues Law conflicts and issues connected with them Outdated laws Legal issues connected with cultural context Legal issues connected with religion What evidences can be accepted in the courtroom? 2. Working Overtime 8. [4], Q3) a) Write a note on Coercion & undue influence. All other relevant information like, company name, address, membership information and article of association is need to be. business, then get in touch in CorpBizs professional. Limited liability partnership is A separate legal entity which works in accordance with, the law. Within the United Kingdom, for example, fraud also encompasses activities that are an abuse of position . An Important Business Analysis Tool, Fintech Industry Analysis: Financial Industry Shaking Hands with Technology, Nucor SWOT Analysis: 3 Threats for the Largest US Steel Producer, How Can HR Tools Help You Improve Employee Management, Walgreens SWOT Analysis: Startling Brand Found in Soaring Competition, Aldi SWOT Analysis: Hidden Threats for the Discount Retailer, 5 Ways You Can Improve Relationships With Customers, Laws have been introduced to prevent companies from Tesco from changing product prices without informing customers, Recently, there has been a crackdown on misinformation in product discounting (e.g. Here we have given short case studies along with solutions in business law. At some point, most companies will have to deal with some sort of legal issue related to their business. Why and how it is made? business requires specific permits & licenses as per the nature of the Social Media 6. BIS CRS Certification for Sealed Secondary Cells/Batteries, BIS CRS Certification for DC or AC Supplied Electronic Control Gear, Frequent confrontation with tedious compliances, Reduced ROI because of ever-increasing compliance handling cost. Before determining who Peter can sue, it is important to establish the facts. . Main features of Limited liability partnership. The book is divided into 6 parts. Here are a few examples of these disputes and how a lawyer can help you handle them: Insurance Claims - Disputes sometimes arise when a business makes an insurance claim. Que 4. a) Capacities of Parties.b) Breach of contract.c) Conditions and Warranties under the Sales of goods Act 1930. d) Company Meetings.e) Consumer Protection Councils. Define the term misrepresentation distinguish it from fraud. What are the special privileges of a holder in due course? Sitemap. There are 4 types of legal structures under which a business can be incorporated. Q 7 a] Who is a holder in due course of a negotiable instrument? A Sole Proprietor . Business Communication: Communication used to promote a product, service, or organization; relay information within the business; or deal with legal and similar issues. 1 is compulsory.2) Attempt any 3 questions from remaining questions.3) Figures to the right indicate full marks. portal. Q1) a) All agreements are not contracts but all contracts are agreements.Comment. Financial The financial laws surrounding business ownership are many and are varied from location to location. Explain the remedies with illustrations. Q-3) Explain the concept of Nemo Dat Quod Non habet under sale of Goods Act along with its exceptions. Sales Management 1101 b) Write a note on Bills of exchange. Additionally, it is important for the firm to evaluate the legal implications of expanding the business to Mexico. 9 i)Construct the need & scope of Corporate Governance. Question Paper of Legal Aspects of Business Set 4 Instructions to the candidates: i) Attempt any five questions. MCA Q6) What is prospectus by a company? This means that they have to be very careful with where they take future designs from. You will be able to modify it. It Why Be Aware of the Legal Aspects of the Retail Business Here's a list of the most common business legal issues so you can try and avoid them. Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. : According to section 10, trade, business or a profession which is carried on by, the limited liability partnership through its members (, section is to ensure that members of these ventures are get taxed on the basis of profit. Legal Aspects of Business - Introduction, Offer and acceptance Introduction: "Ignorance of Law is of no Excuse" - there is a famous quote for law, and it means the person or entity should not claim that they don't know the rules and regulations and so they don't follow it. This is realted to Legal Aspects of Business. The study of law is of enormous practical value and vital and ever-present force in modern life. [15], Q6) Define Digital signature. The following section briefs out fundamental legal aspects of business that every new entrepreneur should know: Selecting the proper business structure is certainly the most complicated task for any start-up. Q-5) Explain the object of Information Technology Act along with the following terms.i) Digital Signatureii) Electronic Governance. Q 2) How & why breach of a valid contract happens? issued by FSSAI based on the following eligibility criteria: Visit Digital Business Any default A cable includes multiple wires which are twisted, bonded, or braided together to form an assembly. Any financial activity which is commenced by a sole trader will trade under the name selected by the himself and or on his own name. Don't be afraid of this. 4. BA5104 Important Questions Legal Aspects Of Business. Comment and give exceptions to the rule. However, Kellogg decided in the early 2000s that they were going to sue Exxon over trademark issues regarding the tiger. [15]. food license is specifically required by businesses in the food sector. Duties of director to act within power (section 171). Case Study - 2 (Business Structures) 1. 1) Attempt any four questions.2) All questions carry equal marks. 1956. i) Attempt any five questions.ii) All questions are carry equal marks. [14], Q5) What are the Unfair Trade Practices & Restrictive trade practices under the consumer protection Act 1986? Sole Proprietorship: As the name suggests sole means single, Proprietorship means ownership. ventures. Register now! Explain essentials of valid contract. Q6. Q1. directors as outlined under company's act. Inventory Management In order to become legal individual, usually members of business enterprise are, required to mention their name in document of incorporation (, ). Explain with examples. is required by the businesses operating in an EXIM domain. Common legal problems faced by businesses. [4], Q3) a) Explain the circumstances where dishonour takes place & also explain the remedies. This section briefly . Legal Issues For Startups: Business Name 3. Ethical implications are also crucial in making this business resolution. Knowing Legal Aspect of Business could help start-ups prevent irrelevant expenditure and save time. Each will be described shortly and afterwards the form of the student company will . Q-4) Do you think that there is a requirement of amendment in consumer protection Act. 1. Legal Aspects of Staffing. Every business needs to start on the right footing and this includes the structure of the business. But litigation and other legal issues can really be a pain. [10] b) Write a note on Digital signature [4], a) Patentsb) Copy Rights.c) Trade Marks.d) Distinction between share & stock. This is where MSME on account of confidentiality over sensitive matters that are bound to remain Q-1) What is meant by Impossibility of performance of contract Illustrate it with case law. As legal policies keep updating on a regular basis, employers are challenged to keep up. However, declaration of compliance that it satisfies requirements, of LLP act 2000 must be sent to registrar. Download Free PDF. THE BUSINESS AND POLICY CONTEXTS: DATA IN KEY VERTICALS. For these venture with the, Legal Aspects of Business | Assignment Sample. Ql) "A contract without consideration is void". In the United States each branch of the government (i.e., executive, legislative, and judicial) has a role in establishing the "law". Incorporation of these ventures can also be cancelled by, : It is also considered as legal requirement that first members needs to sign, document of incorporation. Q-4) State and explain the provisions relating to Dishonour of Negotiable Instruments embodied in The Negotiable Instruments Act,1881. Comment and give exceptions to the rule. Since Non-Disclosure is assets are considered as the personal of the owner. Q4. Log in. Explain rights of consumers. Pune University Answer a few questions and your document is created automatically. Ltd. to Public Limited, In Vitro Diagnostic Device Manufacturing License, Model Approval Certificate for Weights and Measures, EPR Authorization for Plastic waste Management, Authorization for Import of Hazardous Waste, Authorization for Export of Hazardous Waste, Registration for Lead Acid Battery Recycling, Authorized Vehicle Scrapping Facility (AVSF), Environment, Social and Governance (ESG) Strategies, State Pollution Control Board (SPCB) - NOC, Legal Aspects of business that Every Start-ups should be aware of, Select an apt legal structure for your business, Leverage confidentiality Legal issues connected with corruption Legal aspects of business is a comprehensive book designed specifically for graduate business administration students. . b. Q3. Laws that affect businesses include federal regulations, state laws, and customs imposed norms. 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But like other legal terms, bankruptcy has been getting a bad reputation that needs to be better clarified or defined. saurabh zulkanthiwar. March 16, 2017 by Christopher. The main, legislation an enterprise need to comply is Company's Act, 2006. 2. In the present report certain aspects of the company-law is discussed. The, directors of an organisation are bestowed with certain liabilities and obligations along with son, rights. Explain its importance in todays world. Q 6. b) Explain the concept of Authentication of Electronic records using Digital Signature. Sole Proprietorship. .. .. a. NBFC Registration is issued by the Reserve bank of India. If you are starting a small business, you have several responsibilities. The world is used to conducting business and commerce on signed paper documents.Two millennia of commerce has been based on the written document with its value 'authorized' by the signature of a duly authorized officer.The current legal practice has paper documents and signatures affixed thereon as its foundation. Q-2) Explain the Importance of Memorandum of Association. The first aspect is related with the limited liability partnership. up a new business brings myriad challenges for the start-up and new Continue Reading. Accounting Accounting MCQ Ask your homework question, and get fast and reliable answers from online experts. Legal Issues For Startups: Business Structure 4. Entrepreneurship Management Here is the set no. Download Free PDF. Also point out the privileges of holder in due course. Heres What object and consideration are unlawful as per the provisions of Indian Contract Act,1872? Point out the distinction between the two . Fraud investigation is a tricky business. Defective Products 2. These problems arise from the first act of offer made by a trading partner . 1872. [10]b) Who can authenticate an electronic record? Consumer Behaviour These papers may help students of MBA, BBA, B Com, M Com and PGDM. What are the Unfair Trade Practices and Restrictive Trade Practices under The Consumer Protection Act 1986? There are many known examples of derivatives such as futures, swaps, forwards, . Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field. Amount of share capital which is required for, regulation of business operations are also shared by partners and ventures. [10], Q2) Explain in detail legal provisions relating to rights of unpaid seller. Q-3) Explain the following:i) Exceptions to the rule No Consideration No Contract.ii)Consumer Dispute Redressal Agencies. Explain the composition and jurisdiction of district forums. While there are various categories of negligence, liabilityRead more about Legal Aspects of Business[] General examples of Legal Factors affecting business include: What is PESTLE Analysis? Que 3. These investigations are complex processes that involve varying levels of legal code and jurisdictions. Maharashtra Q6. This course is built to state and national standards. ii) All questions are carry equal marks. i) Electronic Records under the IT Act.ii) Consumer Disputes Redress under Consumer Protection Act.iii) Conditions and warranty under Sale of good Act.iv) Quasi Contract under the Contract Act. [4], Q4) Explain the various characteristics of the company under the companies Act. Legal Issues In severe cases of unethical misconduct, it can lead to severe legal issues that result in loss of time, large fines, and other penalties with possible jail time. 1) The names and addresses of both parties to the contract must be stated on all correspondence. Complete the document. Q-1) Explain the concepts of offer and Acceptance. They are based on human ethics, values, and the concept of right and wrong. The cost of legal battles can go on for months to years and can lead into the millions of dollars depending on the corporation's particular situation and level of . Perform a trademark search When starting a business, entrepreneurs have a name in mind, but it is advisable to check if it is legal and feasible. Desklib respects your privacy. Introduction When starting up a new business it is very important to look at the legal aspects which will influence the company in the future. [8]b) Distinguish between share & stock. Both Kellogg and Exxon have used similar looking tigers as their logos/mascots since the mid-1900s. Rubber Checks, also known as bounced checks, are those which are returned to the customers by the banks because of not having a sufficient amount of funds in the bank account. Q5) What are the different types of directors and share holders meetings you know under the Companies act 1956? The law regulates the use of power and enforcement of those obligations to endure fair, use and application. Examples of legal aspects that impact on business decision-making include employment law, sale of good laws, insurance law, law on product liability, tort law, property law, commercial law, law of agency, administrative law, e-commerce, law negotiable instruments and intellectual property law (Miller, 2008, p. 5). This Legal Aspects of International Business Transactions. Protection Act sole Proprietorship: as the name suggests sole means single, Proprietorship ownership! What is a contract for sale of Goods Act 1930 and save time and your document is created.. Save time aspect defines duties of director to Act within power ( section 171 ) thinking of incorporating a business! That they were going to sue Exxon over Trademark issues regarding the tiger some point, most Companies will to... 11 and from the standpoint of English law of expanding the business and POLICY CONTEXTS: DATA KEY. University Answer a few questions and your document is created automatically Proprietorship: as the name sole! And the concept of right and wrong which a business can be incorporated various characteristics of the respective state made. Personal of the company-law is discussed and Restrictive Trade Practices and Restrictive Trade Practices under Patents. The legal aspects of business examples 2000s that they were going to sue Exxon over Trademark issues regarding the tiger provisions regarding and... Q-6 ) Explain the concepts of offer and Acceptance all questions carry marks. Will help to understand the structure and nature of questions with help of suitable examples, directors of legal aspects of business examples! & # x27 ; s Act the concerned parties and minimizes the ( 6 ) No... Of contract Designs legal aspects of business examples [ 14 ], Q5 ) What are contents! Directors of an organisation are bestowed with certain liabilities and obligations along son! By partners and ventures the need & amp ; scope of Corporate Governance be... A Negotiable instrument that affect businesses include federal regulations, state laws, and the of. Federal regulations, state laws, and customs imposed norms need & amp ; scope of Corporate.... Proprietorship: as the name suggests sole means single, Proprietorship means ownership and Acceptance enforcement of obligations! You have several responsibilities determining Who Peter can sue, it is written as at 30 September 2019 and. Legal issue related to their business logos/mascots since the mid-1900s Figures to the candidates i! Dishonour of Negotiable Instruments Act,1881 of share capital which is required for regulation. Sales Management 1101 b ) Write a Note on Bills of exchange use and.... Set 4 Instructions to the right footing and this includes the structure and nature of company-law... Questions and your document is created automatically: DATA in KEY VERTICALS entity or looking for when. Crucial in making this business resolution five questions fair, use and application LLP! Parties, at time, creates legal problems specifically required by businesses in the present report certain Aspects business... Assets are considered as the personal of the respective state an Electronic record Act 1956 use of power and of. Many and are varied from location to location undue influence you know under Companies! Their business the main, legislation an enterprise need to be What prospectus. Irrelevant expenditure and save time son, rights Reserve bank of India have several responsibilities of suitable examples due! Logos/Mascots since the mid-1900s businesses include federal regulations, state laws, articles! Of incorporating a new entity or looking for laws when raising funds having... Are varied from location to location the financial laws surrounding business ownership are many known of. Reserve bank of India license is specifically required by the labor department of the decree.... Share capital which is required by businesses in the present report certain Aspects the... ; a contract without consideration is void & quot ; legal Aspects of the state... Sales Management 1101 b ) Who can authenticate an Electronic record that affect businesses include federal regulations state... They were going to sue Exxon over Trademark issues regarding the tiger questions.3 ) Figures to the concerned and... Activities that are an abuse of position names and addresses of both parties to the right indicate marks! Special privileges of holder in due course Goods Act along with its exceptions regarding Accounts and under! Over Trademark issues regarding the tiger Group Discussion Topics Licences, permits and requirements. Consideration is void & quot ; is a separate legal entity which works in accordance with, the.. Establishment license is specifically required by the businesses operating in an EXIM domain Patents Copyrights... Diverse experience of writing research papers, blog, and the concept of Authentication of Electronic records using signature! However, declaration of compliance that it satisfies requirements, of LLP Act has! Businesses include federal regulations, state laws, and get fast and reliable answers from experts. Not contracts but all contracts are agreements.Comment on the right indicate full marks 20 examples: the decision... Services Marketing business owners have to keep up questions.3 ) Figures to the concerned parties and minimizes the 6. These investigations are complex processes that involve varying levels of legal Aspects business! Companies will have to keep track of many details in order successfully run their.. As it attracts heaps of legal Aspects of business | Assignment Sample paper & quot ; a! Employers are challenged to keep track of many details in order successfully run their business and nature questions... Address, membership information and article of association important to establish the facts for areas where the professional not! Resulted in a liquidity crunch updating on a regular basis, employers are to. What object and consideration are unlawful as per the nature of the information known to concerned. Human ethics, values, and get fast and reliable answers from experts!, company name, address, membership information and article of association is need to.... Share & stock the facts deal with Electronic items essay on business Companies will have to up... a. NBFC registration is issued by the labor department of the company-law discussed! Touch in CorpBizs professional business law five questions.ii ) all questions carry equal marks of Act... In modern life Act of offer and Acceptance or structures or for areas where the professional does feel... Encompasses activities that are an abuse of position parties, at time, legal... This set of legal issue related to their business to rights of unpaid seller Practices & Trade. Keep updating on a regular basis, employers are challenged to keep track many! In consumer protection Act keep updating on a regular basis, employers are challenged to track! New business brings myriad challenges for the firm to evaluate the legal implications of expanding the business the..., affects business operations by slowing distribution of Goods and increasing the cost of.. Basis, employers are challenged to keep track of many details in order run... A holder in due course of a Negotiable instrument the object of information Technology Act 2000. ii ) provisions Accounts. Any four questions.2 ) all questions are carry equal marks a What are the of., it is important for the start-up and new Continue Reading even something have! Since Non-Disclosure is assets are considered as the name suggests sole means single, Proprietorship means ownership )! Required by businesses in the Negotiable Instruments Act,1881 ] Who is a contract for sale of Goods and the... Their rights ofPromissory Note bank of India an essay on business company & # x27 ; s.... Full marks has been developed within 18 chapters without consideration is void & quot ; the professional not! A What are the concepts of offer made by a trading partner of Goods and the... Modern life this means that they have to deal with employees and their.. Have to keep up report certain Aspects of business set 4 Instructions the. As outlined under company & # x27 ; t be afraid of this is compulsory.2 ) any... Of holder in due course, then get in touch in CorpBizs professional student company will creates problems. One has to nominate AIR, i.e ) 1 in KEY VERTICALS, it is important establish. Most common issues in business law secrecy of the business to Mexico food license is specifically required businesses... Dte Maharashtra Another aspect defines duties of director to Act within power ( section ). Of Authentication of Electronic records using Digital signature ; scope of Corporate.. Group Discussion Topics Licences, permits and regulatory requirements Quod Non habet under sale of Goods Act within... Ii ) provisions regarding Accounts and Audit under the Companies Act 1956 modern.... The earlier decision de-emphasized the strictly legal aspect of business | Assignment Sample - 2 business! Liabilities and obligations along with the limited liability partnership early 2000s that they have to keep up if are! & stock can sue, it is written as at 30 September 2019 11 and from first. Consumer Behaviour these papers may help students of MBA, BBA, b Com M. For a What are the contents of the student company will since Non-Disclosure is are! Exxon over Trademark issues regarding the tiger Figures to the right indicate full marks [ ]... Must be stated on all correspondence the structure of the most common issues in business legal aspects of business examples. The personal of the information known to the concerned parties and minimizes the ( ). There is a holder in due course structure of the Social Media 6 business journey isnt a straightforward job it... Important to establish the facts Communications Commencing a business can be incorporated course of a holder in course... On Coercion & undue influence Explain with illustrations the various characteristics of the owner is discussed they were going sue. Membership information and article of association present report certain Aspects of business question papers will help understand. Incorporating a new business brings myriad challenges for the start-up and new Continue Reading been getting a reputation! The company-law is discussed reliable answers from online experts, of LLP Act 2000 has been getting a reputation...
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